Category Archives: Featured Posts
Despite the challenging circumstances of today’s economic environment, you must embrace change in order to support shifting external environments and business strategies. At the same time, you look for opportunities to capitalize on disruptive changes in supply markets, which can drive greater value for your organization. You must become a purchasing hero. What is a purchasing hero? We believe a purchasing hero brings knowledge capital to multiple departments. They inspire collaboration and cross-coordinate with as many internal stakeholders as possible. … More
How are you using procurement data and insight to bring teams together? Procurement and data can dance (and sing) together if you have the proper tools, processes, and strategy in place to support your goals and growth initiatives. More importantly, you need the confidence to build strong internal relationships. What does it take to let the dancing and singing begin? Join Spend Matters, AOL, and Iasta for a live Webinar on Wednesday, March 27 to learn: A history of spend … More
In a previous blog, we discussed the use of spend analysis technology as a compliance tool. Today, I want to introduce an additional value that spend analysis can greatly improve—sourcing cycle time performance. In today’s world, spend visibility has become vitally important for procurement organizations to make the right sourcing decisions, especially when there is an increased focus and visibility on driving bottom-line results. With added pressures on procurement teams, often the primary way to improve the bottom-line is to … More
Contract management is an important aspect of managing supplier relationships and ensuring that commodities and services are negotiated at the right time. Unfortunately contracts are often managed poorly within a company. Even a smaller company can have hundreds of active agreements, adding up to thousands of contract terms and clauses. As you may know, not one of those contract terms carries much weight if the agreement isn’t monitored and enforced. Procurement Managers know that getting a fair price on goods … More
