Downloads: Procurement Research

Fix the Tail to Propel Procurement: Attacking the Tail Spend Problem in B2B

Spend Matters - Free Research Download

Over the last 12 months, an increasing number of procurement organizations have come to Spend Matters asking how to solve their “tail spend problem.” The issue is simple to grasp — figuring out how to handle the 85%–90% of suppliers that constitute only 5%–10% of spend without consuming the majority of the procurement staff’s time — but far from easy to fix. To better understand the problem and determine the best solutions, we conducted a research study on how companies are addressing tail spend.

Demystifying Artificial Intelligence in Procurement

Spend Matters Video Content - Webinar Replay
In this 60 minute webinar, KPMG and Spend Matters provide an overview of how AI is already shaping and supporting procurement, and what’s in the works at early stage adopters.

Best Practices in Benchmarking High-Performing Procurement Teams

Spend Matters - Free Research Download

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!

Smart Spend Compliance: Using Spend Analytics to Reduce the Cost and Risk of Non-Compliance

This paper won’t dive into the mechanics of spend analytics related to identifying potential savings from strategic sourcing (e.g., reduced pricing via competitive bidding to aggregate spending to preferred suppliers). Instead, we will focus on how firms can expand their spend analytics to identify and fix non-compliance scenarios that cost real money and introduce real business risk.

Total Talent Management and the Contingent Workforce Paradox

Spend Matters - Free Research Download
Organisations realize they must consider the contingent workforce similarly to how they manage internal staff — in the search for talent, in managing performance and even in retention or exit. At the same time, the contingent workforce is different, and thus requires different processes and management, from the permanent group. The current regulatory environment, while not the only driver, means that governments will increasingly require careful management of the contingent workforce if organisations are to stay within the law and avoid reputational and financial risk.

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.