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New Hackett research: Spend cost reduction back at the top of the CPO agenda
February 2, 2021 | Nancy Clinton
The Hackett Group has published its latest research into CPO key issues for 2021. “Procurement must continue to focus on its core mission of spend cost reduction,” the report states, “leveraging digital tools and business partnerships to maximize savings. For example, specialized procurement technologies can elevate the strategic sourcing process, and leveraging new data sources…
2021 Procurement and Supply Chain Predictions from the market — State of Flux and Digitate
January 5, 2021 | Nancy Clinton
Last year at the end of December 2019, we ran a series of predictions about procurement and supply chain trends for 2020 from expert tech and service providers in the market. But who could have foreseen what happened in 2020! This year, the market again provides its predictions for the next 12 months and beyond,…
2021 Procurement and Supply Chain Predictions from the market — The Smart Cube and Capita
January 4, 2021 | Nancy Clinton
Last year at the end of December 2019, we ran a series of predictions about procurement and supply chain trends for 2020 from expert tech and service providers in the market. But who could have foreseen what happened in 2020! This year, the market again provides its predictions for the next 12 months and beyond,…
Report finds that T&E business spend is down, but risk sharply increased
December 9, 2020 | Sally Ehrmann
Oversight, a spend management and risk mitigation technology specialist, created its November 2020 report to answer the question: Why is risk rising dramatically against a backdrop of reduced spending? T&E (travel and expense) business spend has decreased this year, yet there has been an ongoing rise in corporate fraud, waste and misuse, according to the…
Recovery Audits Keep Your Business Churning and Money Leakage in Check
August 26, 2019 | Spend Matters Brand Studio
The complexity of today’s business environment — from siloed processes and disparate technology to constant changes like mergers, staff reductions, new software implementations and vendor turnover — can leave organizations susceptible to millions of dollars in leakage, even with tightly controlled accounts payable processes in place. Perfecting the accounts payable process for every transaction can…
AI-Powered Tech Takes E-Procurement to the Next Level - [Sponsored Article]
March 26, 2019 | Orville Bailey, EqualLevel
Imagine walking into a car dealership and the first question the salesperson asks you is, “How much do you want to overpay?” It’s a ridiculous question, right? No one wants to pay more for a product than they absolutely have to. Yet, this is exactly what too many corporate buyers unwittingly do, every day. While…
Fairmarkit: Vendor Introduction, Analysis and SWOT (Part 1) — Background and Solution Overview - [PRO Content]
March 6, 2019 | Nick Heinzmann
Tail spend is a growing area of concern for procurement. Given the granular, dispersed and opaque nature of such spend, many organizations find the task of taming the tail daunting. Purpose-built tools have long existed that adequately address strategic sourcing activities (e-sourcing) and route internal users to pre-approved catalog items (e-procurement), yet technology to support…
Uncovering the ROI of E-Procurement - [Sponsored Article]
February 7, 2019 | Brian Utley, Periscope Holdings
We understand that to justify the spend of an e-procurement system, every organization must first show the expected return on investment. To help uncover potential ROI for your organization, check out this e-procurement ROI calculator here, and read the City of Philadelphia case study.
Maverick Spend Has a Perception Problem — on Its Causes and Its Solutions
January 8, 2019 | Alex Behrens
Many of the most effective ways to curb maverick spend — like using e-procurement tools with approved supplier catalogs or better contract management tools integrated into the buying process — still have not been implemented by more than half of most organizations, a survey by The Hackett Group found. And it found that perceptions of…
Year-end ‘Dash for Cash’ — 7 Steps to Free Up Funds Without Resorting to Tricks
December 10, 2018 | Jonathan Messinger
It’s the end of the year, time for New Year’s Resolutions, a little vacation time and Christmas Party hijinks. But the Hackett Group, a business consultant and digital transformation specialist, is cautioning against year-end fiscal shenanigans, where money is shuffled around to make it appear that the company has hit the finish line in full…
How to Inspire a Cash Flow Revolution: Insights from Taulia’s Working Capital Summit
October 24, 2018 | Nick Heinzmann
Investors, CEOs and suppliers are pushing procurement and finance organizations to improve working capital performance, and this renewed interest in the state of the balance sheet is poised to create a revolution in how businesses approach cash flow, according to Taulia, a provider of financial supply chain solutions. There is $14 trillion in annual spend…
Amazon Business Prime Updated: Analysis and Procurement Recommendations (October 2018 Update) - [PRO Content]
October 23, 2018 | Xavier Olivera, Jason Busch and Pierre Mitchell
Earlier today, Amazon announced a host of enhancements to its Amazon Business Prime offering. To help procurement organizations understand the implications of these added capabilities, this Spend Matters PRO research brief provides an overview and analysis of the new solution components and offers recommendations to procurement organizations already using or considering Amazon Business. The emphasis…

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Greensill Capital’s troubles, supply chain finance — and where do we go from here? : Markus Hornburg said : Today the German financial regulators effectively closed Greensill Bank in Germany. The fallout will...

E-procurement as a strategic weapon — With BuyerQuest acquisition, ODP preps for war in omnichannel B2B : Jason Busch said : From an antitrust standpoint, I wonder if this makes ODP + Staples look like less of a competitor by...

Procurement in Practice: Sustainability — Getting from the pledge to action at Bayer : Fabian Lampe said : Having worked for Bayer and Unilever I really must say that the pledge and the ambition is bold and ...

Demystifying the role of technology in supply chain finance: Blockchain : Riya Kaif said : Insightful article on the role of blockchain technology in supply chain finance. Looking forward to ...

Study Finds Nascent Adoption of AI and Robotics in Retail and Manufacturing Supply Chains : Elena said : As robots increasingly move from warehouses to shopfronts, embedding Artificial Intelligence (AI) in...