Downloads: Procurement Research

Deloitte’s Game-Changing Analytics Platform Puts ‘Strategic’ Back into Sourcing

In this two-part series turned to paper, Pierre Mitchell discusses the need for a truly strategic supply chain sourcing platform built on a supply network design model rather than just the typical BOM-based sourcing workflows and low-level commodity sourcing efforts that use “empty” e-RFX tools. He details the full requirements for such a supply network-based platform in a four-part series (linked within this paper), but in Part 4, one of the trends highlighted included a pivot from such empty apps to content-enabled apps increasingly provided by large service providers that use cloud-based analytics and intelligence platforms as a way to deliver continuous insight and value. In that piece, he highlights Deloitte’s Global Sourcing Insights (GSI) solution as a prime example. This paper goes a step further and examines the solution as a whole.

SolutionMap Explored with Spend Matters’ Analysts

Spend Matters Video Content - Webinar Replay
SolutionMap is geared towards today's technology buying climate. It is updated quarterly post launch to actively reflect market developments (and more and more vendors participating in the process). In a cloud world, vendors often update their solutions monthly or quarterly — and analyses should reflect this. View this webinar to learn more!

Sourcing, Contract and Supplier Management – Predictions and 2017 Tech Trends

Spend Matters Video Content - Webinar Replay
Insights presented in this session will help you to prioritize the best set of investments for procurement analytics, sourcing, contracting and supplier management efficiencies. Get smart (and get your entire organization smart) on these topics from a business perspective! Watch this session now.

The Evolution of Corporate Procurement Systems

Today’s corporate procurement systems operate similarly to the way people shop at a supermarket. Users make all purchase decisions individually, decide which aisles to go down, compare products, place the items they want in their shopping cart and pay for them at checkout. At the end, the user will have had a good or a bad experience and will decide whether to frequent that supermarket again. Corporate purchasing has similarly become a self-service activity. And just as in supermarkets, providing a successful shopping experience is key for getting people to use a purchasing system consistently. While this evolution in corporate procurement would not have been possible without the foundation laid by ERP systems, these technologies have not evolved to accommodate this new style of purchasing. This is why e-procurement solutions exist. These solutions are capable of tackling new procurement challenges and providing successful purchasing experience in complex scenarios for organizations with multiple ERP systems; dozens of offices; hundreds or thousands of employees; transactions in multiple currencies and languages, mobile, and automation requirements; and, critically, the need to analyze, control and optimize all organizational spend. Download this white paper and explore what is required from e-procurement solutions to succeed in the era of evolved corporate procurement and our predictions for what the e-procurement solution of 2020 will require.

The Accounts Payable Bicycle: Five Reasons Why Riding is Better Than Walking!

There's no question that bicycles represent a giant evolutionary leap from human locomotion. But they also provide a great metaphor for the opportunity that accounts payable (AP) organizations have to move away from manual processes to automated ones – with even greater efficiency and speed returns than a two-wheeler can provide. In this white paper, we provide a number of benefits that AP organizations can realize from automation and digitization. These examples can help not only make the case for high-value technology investments to drive AP efficiency improvements, but also to build AP finance and procurement value in the eyes of constituents and stakeholders. Download this paper to take off the training wheels – it's better to learn to ride properly from the start – and explore five benefits of putting AP on two wheels.

Every Picture Tells a Story. What Story Does Your Accounts Receivable Data Tell You?

They say every picture tells a story. So, if you take a picture of your accounts receivable (A/R) function through the camera lens of A/R data, what will it tell you about your transactional order-to-cash processes? And what light will it shed on your approaches to cash collection, customer engagement and risk and compliance management — or your overall ability to influence business performance? When it comes to painting a picture of business health, unedited photographs rarely distort the truth, and that’s true for A/R data, too. The good news is that the more unflattering the picture, the more opportunity you have in front of you to provide better visibility to the business, improve cash flow and reduce risk. Now it’s time to grab your camera as we take you on a quick journey with how-to steps to improve overall A/R performance, starting first with explaining the role of A/R in overall business terms (i.e., why it matters!)

Spend and The Art of Cost Reduction

Spend Matters - Research Download
There is a Zen Buddhist riddle that says, “If you seek it, you can not find it.” If you seek happiness as an outcome in life for its own ends, rather than a byproduct of merely living life fully, you’ll likely not be happy. The same goes for cost savings. Procurement organizations that focus only on the same approaches for finding purchased cost savings will not be happy, nor will their stakeholders, who own the spending. Not only is it impossible for procurement to save its way to zero, but stakeholders also will view these efforts as narrow and self-serving, rather than helping them maximize the value of their spend to accomplish their objectives. Download this paper - sponsored by BravoSolution - to learn the true art of managing spend and cost reduction.

Why Oil and Gas (O&G) Companies Need a VMS: Visibility, Flexibility and Control

Spend Matters - Research Download
In the oil & gas (O&G) industry, extreme flexibility is more than an imperative — it is a necessity. Without it, operators and thousands of other firms that make up the industry could face reduced valuations or bankruptcy (as we are seeing now, with the price of crude oil dropping below $30 a barrel). As in other downturns, the industry has responded by drastically reducing operating cost structures and suspending many capital projects. Workforce is not only an enormous cost in O&G companies, it is also the most fungible. Download this paper to learn more about why a VMS is essential for industries like O&G.