Insights – Sourcing & Procurement
2019 CPO Agenda: Building Next-Generation Capabilities
What are the strategic priorities and initiatives of procurement leaders? The Hackett Group’s annual key issues study, identified major issues shaping the CPO agenda in 2019.Download Now
A Successful Approach to Procurement 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.
World-Class Procurement: Redefining Performance in a Digital Era
Digital transformation is changing what world-class procurement performance looks like. In fact, the typical procurement organization can save $16 million from transforming its own operations. Procurement organizations have an opportunity to transcend the service provider role and become a driver of digital business capability.
Procurement 2025: Reskill and retain procurement talent for the digital age
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.
The Definitive Guide to 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: Technology Transformation at a Major Convenience Store Retailer
With an aggressive target for growth, this convenience store retailer acquired multiple companies to expand its overall reach in the United States.
How to drive sustainable cost optimization through benchmarking
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.