What will procurement look like in 10 years? None of us have the answer but we do hold the power to shape the future.
The buzz in procurement has long been about elevating its reputation as a business driver. That’s a tremendous goal for any procurement team and we should all strive for it. The starting point is extending our reach beyond our own department by transforming procurement and compliance into a company-wide initiative. (more…)
Spend analysis is a common practice leveraged throughout the procurement world. But most organisations – even some of the world’s largest and most respected – fail to take a holistic-enough approach to drive lasting value and savings.
The problem: a lack of big data management. Odds are, your procurement team is sitting on a wealth of hidden data buried in incompatible systems across various departments in your organisation. (more…)
After ringing in 2012 last weekend, you’ve probably set personal new year’s resolutions – and may have already veered from the course. Just like many resolutions, procurement too is charged with ‘trimming the fat’ but thankfully cutting costs is a little bit more attainable than cutting the waistline. (more…)
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