Downloads: Procurement Research

How to Connect Inventory with Research Procurement: A Global Pharmaceutical Company’s Journey

Spend Matters - Free Research Download

Numerous industries are critically dependent on inputs that aren’t neatly wrapped and packaged in cardboard boxes. From ingredients, chemicals, powdered metals and slurries to other bulk materials, many industries have unique purchasing challenges.

Even amidst this diversity, the research lab is a special breed. Its inputs are acquired spontaneously and from diverse suppliers and information sources, have to be available quickly and often come with special handling and exposure compliance rules. From extreme outliers like radioactive materials to day- to-day compounds, all chemicals need to have clear handling guidelines, even fairly innocuous ones. Researchers, who are often prized for their independent thinking, are key decision makers. Gaining their adoption requires processes that are simple, effective and add value.

Download this case study to see how a global pharmaceutical research leader drives procurement success!

Making the Business Case for Procurement Suites

Spend Matters - Free Research Download

It’s hard to talk about the evolution of procurement technology without using at least a few buzzwords. So before we delve into the heart of our argument in this paper, let’s dispense with some industry jargon (which we’ve put in scare quotes below), as we share a quick history of the sector and how the market began to favor suites over point solutions.

When procurement applications first hit the scene, in the early 1990s, they were what we might term “module-based,” “best-of-breed solutions” that addressed “point-based problems” that, when properly deployed, could often generate a significant return to procurement. In many ways, they brought the then-called purchasing function out of the spreadsheet-laden dark ages and into modern times. But these tools, like all promises that appear too good to be true, had their downsides.

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Declaration of the New Purchasing: A Buying Manifesto

Be it resolved that the world surrounding the buying of goods is changing faster than transactional purchasing itself. And this, of course, is not sustainable if procurement is to remain influential, relevant and helpful. Change must come, and it must come fast, for procurement organizations that have not yet fully understood nor embraced new buying styles and modes.