Insights – Sourcing & Procurement
Digital World-Class Procurement: Reaching New Heights in Peak Performance
Technology innovation accelerated in 2020, transforming the digital business operating model and making the traditional measures of top performance inadequate. Today’s modern procurement organization must measure itself against the best digital organizations.Download Now
2021 CPO Agenda: 10 Key Issues Procurement Needs to Act on Now
Unprecedented business disruption forced procurement organizations to refocus on supporting critical business operations and supplier relationships, resulting in a pivot toward spend cost reduction and supply assurance.
Procurement Excelleration™: Five Essential Digital Business Capabilities
In our most recent Key Issues Study, enterprise digital transformation catapulted to the No. 1 priority for 2021. While architecting technologies into end-to-end processes requires investing in new technology, the return can be significant – up to 600% according to our analysis.
Preparing the Company for Extreme Economic Volatility: A Procurement Perspective
As the coronavirus crisis becomes more and more disruptive for businesses, procurement organizations have the opportunity to be the glue that holds the enterprise together. Procurement organizations shared with us how the crisis is playing out in their industries, and how they have responded.
Adapting Payment and Inventory Policies to Preserve Cash
The coronavirus pandemic has shattered supply chains and resulted in unprecedented changes to normal demand patterns. While the extent and time frame for the supply chain disruption happening across the globe are unknowable, a variety of actions can minimize the impact both on buying organizations and their suppliers of goods and services.
Procurement Value: Moving Beyond Price Savings Toward Strategic Value Recognition
Procurement is mostly recognized for its successes in reducing and avoiding purchase costs. However, in the era of doing more with less this is no longer enough, and top-performing organizations are investing more in value-channel activities that track ways value is created beyond purchase-price reductions alone.
Procurement 2025: Equipping a multigenerational workforce with the skills for success in a digital environment
According to a World Economic Forum report, the proportion of core skills required to perform a job will shift significantly between 2018 and 2022 as digitization, automation, and advances in artificial intelligence disrupt the world of work.
Procurement Value: Measuring Realized Savings
Measuring savings on indirect spending is deceptively difficult. Achieving savings visibility requires a combination of technology, process expertise and coordinated collaboration with the finance organization.
Four Best Practices for Implementing a Source-to-Pay Technology: A Major Convenience Store Retailer Technology Transformation
With an aggressive target for growth, this convenience store retailer acquired multiple companies to expand its overall reach in the United States.
Benchmarking: Continuous self-evaluation is at the “heart” of sustainable cost optimization
By moving to world-class performance levels, the typical company can save up to 17% in procurement costs that can be reallocated to fund procurement performance improvement initiatives or top-line growth initiatives.
Contract Cash Scoring
Contract cash scoring – an easy-to-implement approach for both procurement and sales – elevates attention to cash flow considerations before a contract is signed.