The best procurement organizations in the world are intently focused on creating value in their extended supply chains, and they are very good at measuring this value. Benchmarking complements this effort, helping procurement groups identify new sources of value, pinpoint new capabilities and make a case for change. But benchmarking itself is part of a broader competency in performance management that keeps procurement aligned with stakeholders and their dynamic needs. So before delving into particular benchmarks, you need to learn to benchmark better to get any value out of them. You need to not just buy better but also measure better so that you’re focused on doing the right things before focusing on just doing them the right way relative to others. Suffice to say, benchmarking/performance management is not a simple exercise. Learn how to link procurement performance to value chain performance and enterprise performance — and then pull in relevant benchmarks. Download this paper today!
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.
Business users should be brought in early as part of a spend analysis requirements definition and solution evaluation, but we do find that many procurement organizations hold off until they have built out a reasonably solid-to-spend cube at the line-item level (by supplier, category and cost center) before they really start turning over the keys of the spend analysis tool to the end users for their own inquiries. That's all well and good, but the biggest source of failure in spend analytics is the same source of failure with any type of systems: non-adoption. You want people to use systems? Then you have to hand over the car keys.
[pprhead]Spend Matters - Free Research Download[/pprhead]
To succeed in today’s quickly changing business environments, procurement leaders must be increasingly analytical and data-driven. Decisions have to be based on evidence and analysis, not just personal judgment. This paper sets the scene by describing why analysis is at the heart of procurement activity and then moves into seven key areas where success is necessary. We conclude with the skills and capabilities that are necessary to hone - will you measure up? Download now to find out.
Spend Matters Case Study
This paper looks at how optimisation tools are changing the way in which organisations can achieve increased value and performance from large-scale and complicated sourcing challenges.
Services Procurement Innovation Compass - Free Research Download
Explores two key (and often confusing!) services procurement subjects, analytics and benchmark data. Includes actionable and practical use cases on the types of basic reporting capabilities, queries and data sets that VMS providers can support, and more advanced analytical strategies and capabilities.
Analytics & Spend Visibility Compass - Free Research Download
This paper presents three experiential scenarios that we hope will provide companies with distinct visions for what advanced procurement analytics can enable using off-the-shelf capabilities today.
Spend Matters Perspective - Free Research Download SAP SRM 7.0 – The Wait’s Over, But Is It Worth It? Making SRM a Total Cost Success […]