Procurement Goals – How Do These Match Up to Your List? A surprising number of companies have similar goals for their procurement and supply chain. I often find that many procurement professionals are surprised to learn that their issues are not unique. There are unique aspects for each company but far more similarities in the […]
Modernize Intake and Stakeholder Collaboration will Follow Increasing stakeholder collaboration is a goal I often hear from procurement professionals. Stakeholders typically say that the existing procurement process is cumbersome and time consuming. Here are some of the common frustrations that have been shared with me: “The current intake process has so many steps even for […]
Optimization – Dynamic Decision Making to Meet the Needs of the CPO and COO in the Same Meeting Imagine a software solution that allows the CPO and/or COO to explore changes in complex award scenarios in minutes to meet a change in constraints. What if key decision makers from procurement, finance and operations could meet […]
Trying to Meet the Information Requests of the CPO and CFO with Spreadsheets It may surprise you to learn that more than 50% of all organizations continue to use spreadsheets to manage procurement activities. Updating or modifying spreadsheets that have 50, 75 or more than 100 columns to analyze bids and prepare reports for senior […]
Elegant and Simple Solution Eliminates Headaches and Minimizes Risk in Supplier Relationships Most companies lack an automated tool that can minimize risk and eliminate headaches in supplier registration, on-boarding, and management. Supplier registration is generally the last piece of the procurement system to be automated. The procurement group will typically employ a labor-intensive manual process […]
Raw Material Sourcing Success Story: More Suppliers Participated plus Time and Hard Dollar Savings If your colleague increased supplier participation, saved time and generated hard dollar savings, wouldn’t you want to know how they did it? Of course. Let me share some of the highlights of this success story at an international manufacturing and distribution […]
Skills of Great Sourcing Professionals In the sprit of the Thanksgiving holiday in the US, I thought I would share the nice things leaders have told me about their staff. What are the skills that define great sourcing professionals? Critical Thinking and Problem Solving – Understanding the importance of the product or service to the […]
Will You Be Able to Drive Your New Sourcing Platform in a Week? Shouldn’t you be able to drive your new sourcing platform in 5 working days or less? The sales rep might have assured you that you can. The demo made it look easy to navigate. Your power users loved all the cool features. […]
Rogue Spend – Why Stakeholders Improvise Rogue spend is often driven by stakeholders improvising because they need to get their job done and procurement doesn’t seem to be helping. Procurement professionals often focus on high profile, strategic and high volume spend. This makes perfect sense because success in these areas can deliver huge savings. If […]
If You Could Solve These Common Challenges in Procurement If you could solve some or all these common procurement challenges how much better would life be for you and your team? Lack of visibility Complicated onboarding or purchase processes that “motivates” rogue spend Solutions that are sitting on the shelf because they are so difficult […]