Procurement maturity is increasingly becoming holistic and integrated – as is procurement technology. No longer can we think of maturity models for various areas of the function (or the use/adoption of solutions) in silos. Step change improvement comes from thinking of the whole – not the parts or even the sum of the parts. In short, we must think about end-to-end process and integration – including the overlap between buying, transactional connectivity, supplier management, supplier portal/connectivity, payment and more.
4 Ways to Drive Down Energy Costs in a Historically Low Energy Market
Spend Matters Video Content - Webinar Replay
In this webinar replay, Insight Sourcing Group’s Tommy Greer and Spend Matters’ Pierre Mitchell discuss how high-performing procurement organizations are managing their energy spend and the top four ways that you can drive down energy costs.
The New Imperative To Move Beyond Yesterday’s Contingent Workforce Procurement Approach
It's time to broaden your organization's horizons on how you manage contingent workforce suppliers. Expand beyond the procurement of supplier-delivered labor and engage in a broader spectrum of talent. This research brief answers the questions "What is this broader talent spectrum and how can I engage it?"
Advanced Case Studies in Smarter Catalog Management: Teaching an Old Dog New Tricks
Contract Management: Understand How to Focus on the Right Thing
This report is a summary of a webcast by the same name delivered in June, 2015. Alongside Seal Software, we explored how a contract, which is supposed to commercially protect a firm, might have the quite unintended consequences that do just the opposite. This is especially pertinent today, as companies are trying to build better visibility into their supply chains, partners, spending, and underlying contracts. The webcast replay can be viewed here. This quick-hit report summarizes what we found when we dug into some of Apple’s publicly available contract templates. We’ll also comment on results from the real-time polls we conducted during the event, which provides a pulse on where companies actually find themselves in this space (vs. where we think they should be!)
Tungsten Analytics – Insight From a New Approach to Spend Analytics
Spend analysis is changing - and it's changing fast. In this paper, Peter Smith interviews Stefan Foryszewski from Tungsten Analytics, discussing some of the bleeding-edge approaches companies are taking in this area.
E-Signatures and Digital Signatures – Understanding the Difference And Learning What They Really Mean For You
This Spend Matters Research download provides a foundation for procurement and supply chain practitioners to understand the benefits that digital signatures can bring to contracting and contract management as well as interactions with internal stakeholders, suppliers and partners. Download this paper to find out more!
Should Mid-Market Organisations Invest in eProcurement Systems? – The Key Questions Answered
This Q & A style paper looks at why the time is right for mid-sized firms to consider investing in purchase to pay technology, and answers the questions typically asked by CFOs and CPOs.
The Past and Future of Strategic Sourcing – Looking Back to Look Forward at E-Sourcing
The future for e-sourcing is bigger and brighter. But as it evolves, it's becoming something different, stretching far beyond what others originally conceived it to be. This future may even seem foreign to those brought up to think about the tools as just a way to model a traditional seven-step process. Yet we can promise you this: emerging e-sourcing scenarios and capabilities will create far greater value for the business and help procurement’s stature rise more than simply pushing through as many events and auctions as possible.
What Do Procurement People Do All Day? (And What Should They Do?)
Organizations as well as individuals should absolutely think about what they do all day, and then compare it to the allocation of what they should be doing all day. Being disciplined about what holds value for you (and your stakeholder) and then measuring and managing (including building capabilities to achieve those measures) to that is a foundational competency that is often overlooked!
Should CPOs Use Consensus Decision Making?
Is consensus decision making the right approach for CPOs and other executives in leadership positions? Maybe not, according to some recent academic research.
Supercharging Category Management: Free Yourself from Siloed Sourcing to Unlock Breakthrough Value
By framing categories holistically and flexibly you can find new ways to model and manage supply markets to extract more value out of the supply chain. Supply markets are constantly changing and innovating, and so must your approach in managing supply. Off-the-shelf market intelligence reports and category strategies developed years ago will not likely give you a big boost. As such, you must look at category management as a living, breathing thing. It is both an art and a science. This ebook can only give you a broader palette of colors and some methods and tools to consider.