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Categories: Featured SolutionMap Article, Procurement Research, Solution Providers, Sourcing, TechnologyTags: SolutionMap Premium, SolutionMap Sourcing Premium, SolutionMap What Makes It GreatWhile plenty of vendors like to wax poetic about how complete or end-to-end their procurement solutions are, few of these ballads stand up to critical scrutiny. Many vendors that tout their [...]

Categories: Procurement Financials, Spend Management, TechnologyTags: Process and Best PracticeEvery department in a business has leases — from office printers to office space and routers to forklifts. But not all of this haphazard leasing and its hidden costs goes through the cost-saving negotiation and management provided by a procurement department. [...]

The CPO Rising Summit is one of the top procurement events in North America each year. It features many of the industry's most prominent procurement luminaries and thought leaders (on the stage and in the audience) discussing the strategies, solutions, and best practices that can help elevate your procurement team's [...]

Categories: We weren't able attend the riskmethods Supply Chain Risk Management Summit last week, but our good friend Peter Smith was there presenting a keynote - […] (Read more...) [[ This is a content summary only. Visit my website for full links, other content, and more! ]] [...]

Categories: We weren't able attend the riskmethods Supply Chain Risk Management Summit last week, but our good friend Peter Smith was there presenting a keynote - […](...) [...]

Spend analysis is the process of assessing business spend your organization with the goal of identifying savings opportunities and, ultimately, reducing expenses in the long term. Throughout a spend analysis, your organization identifies, collects, categorizes, and analyzes every purchase it makes. This analysis provides the means to identify areas where the [...]

Categories: We can't comment on every press release that hits our desks, but here are a few market news stories this week that we thought we […] (Read more...) [[ This is a content summary only. Visit my website for full links, other content, and more! ]] [...]

Categories: We can't comment on every press release that hits our desks, but here are a few market news stories this week that we thought we […](...) [...]

Ardent's P2P Technology Round-Up returns today with another assortment of ePayables, P2P, and B2B payment solution provider news and updates from the past week. If you are an Accounts Payable, B2B Payments, or Spend Management solution provider and you have news to share with us, please drop us a note [...]

For all intents and purposes, the U.S. economy is going like gangbusters. The stock market has notched several all-time records throughout 2019, spending remains robust and the unemployment rate is operating at record lows, thanks to increased recruiting activity among employers. The combination of these factors suggests the all-important holiday season [...]

Putting ideas into action will help future leaders succeed in a changing function [...]

Many who don't deal directly with business supply chains may be shocked to find how much companies still require ground shipments, specifically by truck. However, those within those sectors understand just how vital this type of freight shipment can be to their operations, and should always strive to maximize efficiency. In [...]

CPOs in Melbourne also highlighted the importance of using stories – as well as data – to demonstrate the value of procurement [...]

And the reasons are the same as they have always been. (And the doctor just wishes they'd stop speaking at the events he has to go to.) They Have No Knowledge as they come from different backgrounds which offer them no education or experience in Supply Management. Just because you can [...]

Many companies overlook function-based tax planning where the supply chain is involved. Considering that tax reductions, or even tax payment delays in Free Trade Zones can save a company millions and millions of dollars, and free up millions more in working capital, tax considerations should play a major role in [...]

Entering the high-tech industry almost 35-years ago, and the procurement world not too long afterward, it is safe to say that I have seen a great deal. Before Gartner's proclamation of a “Postmodern ERP era,” most ERP-centric eProcurement initiatives were failures. While there is uncertainty regarding the rate of failure – some data suggest [...]

It is about time we stopped talking about equality for women in business, and start doing something about it. “It is the people within an organization who are responsible for digital success. To realize that success, we need more women to get in the game in multiple roles, starting with equal [...]

I´ve being writing for a while about the future of procurement. Some 10 years ago you might hear about strategic sourcing and separating the negotiation and the purchasing or operational due diligence. Then we moved to an even more strategic procurement that sits along the business and add value instead [...]

kraft-heinz-disaster-cost-cutting: Cost Cutting Strategy gone wrong I´m going to leave this article here just to take a note on this strategy, which is not procurement or strategic sourcing but just plain cost cutting. The results are eminent and “A Harvard Business School article in 2016 warned that the technique is [...]

Some common themes from ISM and Procurement Leaders. Last week I had the pleasure of sitting in on some great presentations at the Procurement Leaders World Procurement Congress 18 in London, as well as attending the Institute for Supply Management ISM2018 in Nashville, TN the week before. They provided the [...]

Instead of “recycle, reuse, retread” let's talk about a reboot. Memorization is a frontage road: It runs parallel to the best parts of learning, never intersecting. It's a detour around all the action, a way of knowing without learning, of answering without understanding.” — Ben Orlin, “When Memorization Gets in [...]

Data and intelligence holds the key to procurement moving from the past to the real time and beyond There is no doubting the fact that technology is evolving at an ever faster rate, meaning that the possibilities to analyse and understand business performance is also increasing and is opening up all [...]