Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Everything was done by hand—there were no computer software programs to help, there...
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Going through the spend analysis steps is a very important part of the procurement management process. You can’t go through procurement and purchasing without spending money—but spend analysis involves...
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Spend analysis is, quite simply, exactly what it sounds like—analyzing how much you’re spending and what you’re spending it on. Spend analysis and procurement roughly means the same things, but there is a...
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If you are navigating the challenging process of choosing an eSourcing platform, I recommend that you consider analyzing results from the latest Spend Matters SolutionMap. Since the first SolutionMap was...
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RFPs that fail to deliver expected cost savings and/or efficiency gains frustrate procurement professionals and stakeholders. The issues typical revolve around insufficient planning or conflicting goals. As...
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This week I offer the most common challenges that are shared with me by procurement professionals. Most folks that contact me are: Grappling with a system that is difficult to use and utilization is very low...
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Optimization can put your team in a strong negotiating position that should translate into profitability and a strategic advantage. Today it is far easier to collect big data then it is to use it to create a...
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If your organization is like most I have worked with, there is an elephant in the room that is smothering spend control success. My philosophy of spend control is that it includes cost and time savings. Spend...
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