Procurement Value Measurement A Spotlight Report from The Hackett Group

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The post Procurement Value Measurement A Spotlight Report from The Hackett Group appeared first on Ivalua

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Procurement: With Great Power Comes Great Responsibility!

Supply Chain Game Changer

Hey Procurement! ” Procurement organizations can have the power to spend and control as much as 75-80% of a company’s revenue. Less enlightened organizations still think of Procurement as a back office function processing transactional purchase orders and standard contracts.

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The Shelby Group

ivalua

The Shelby Group is the global leader in platform-enabled procurement optimization. We help clients across all industry sectors accelerate procurement success through three core enablement services: Platform Implementation, Program Optimization and Procurement Operations.

Groups 130

Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Procurement 101.

8 Tips to Help Procurement Optimize Supplier Master Data

ivalua

Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy. The group with the most control over data sources should typically own the supplier master data.

Digital Procurement – Pack your bag, you are going on a journey

ivalua

The Hackett Group and Ivalua have been working together for some months to assess the status of Digital Procurement transformation and lessons learned from early adopters. Digital Procurement – a place we are planning to visit soon (and hopefully stay).

Procurement Terminology is a Mess!

Supply Chain Game Changer

Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. From one Procurement organization to the next, terminology differs. The way we buy and sell procurement technology needs to reflect this new era.

Supply Chain Agenda of Pierre Mille, VP Group Planning & Customer Service Excellence at Carlsberg Group

Supply Chain Movement

Pierre Mille, VP Group Planning & Customer Service Excellence, Carlsberg Group. For Pierre Mille, VP Group Planning & Customer Service Excellence, this was an opportunity to unleash its untapped value. “We are evolving towards a more customer centric supply chain”.

Enabling Innovation Groups To Sell More Effectively to Operations Leaders

ThroughPut

Whether it is access to data, maneuvering around competing innovation objectives, tracking down actual factory-floor operators, or involving oft-neglected procurement groups, there are internal bottlenecks everywhere. Don’t give Innovation Groups budgets.

Project Based Procurement

Claritum

Claritum Article - Procurement Blog. Project and Category Procurement Differences. Table of the key differences between Project and Category based procurement. Types of activity suitable for Project based procurement. The inherent challenges of project-based procurement.

Ivalua Now and the Art – or is it the Science – of Procurement?

ivalua

It’s a question that you can answer for yourself at Ivalua Now – The Art of Procurement , being held, appropriately enough, at The Louvre, Paris 10 th – 12 th April. The event is free to attend and aims to attract hundreds of procurement and supply chain professionals to discuss and learn more about the latest industry trends and processes. In the process, these advances are enabling procurement leaders to look beyond their traditional remit.

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn.

Digitized Procurement: Your Setting-off Point to Autonomy

Jaggaer

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement.

A Procurement Resolution – Realize Your True Potential

ivalua

For Procurement leaders in particular there couldn’t be a better time to do so. A recent study by the Hackett Group found that only 63% of Procurement organizations have even developed a plan for digital transformation. Alex Saric, Chief Marketing Officer, Ivalua.

Spend Aggregation Obstacle Course for Procurement!

Supply Chain Game Changer

Procurement – How to Enable Spend Aggregation! . When you run a central Procurement organization you are trying to get the best deal for your company. And Group Purchasing Organizations (GPOs) are specifically designed to deliver benefits from Spend Aggregation.

Procurement Terminology is a Mess!

Supply Chain Game Changer

Hey Procurement! From one Procurement organization to the next, terminology differs. Procurement is a function, that is undergoing transformation; technologically and ideologically. The way we buy and sell procurement technology needs to reflect this new era.

Want better supplier adoption of your procurement portal? Start by asking your own sales staff.

OneSCM

A good portion of the value provided by automating procurement and payables processes comes from the labor and cost savings generated from fewer errors and less manual work. The procurement portal has to have enough transactional volume running thru it.

Chainalytics and Drewry partner to create Ocean Buying Group for small and medium sized shippers

CHAINalytics

Atlanta, GA, 02 March 2018 – Chainalytics, a global leader in supply chain consulting, and Drewry, the global shipping consultancy, have partnered to launch an innovative ocean freight procurement solution for shippers.

Software Solutions To The Procurement Puzzle: Getting The Right Mix

HICX Solutions

Many have had to completely rethink the way they buy goods and services, which has lifted procurement as a theme up the organisational hierarchy. This is partly due to the vast amount of data that flows through procurement departments. All-in-one suite or bespoke procurement system?

Technologies that Impact Procurement

Claritum

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. Virtual Procurement Agents.

Procurement Transformation Delays – The Role of Personality!

Supply Chain Game Changer

Article provided to Supply Chain Game Changer by Katalin Brennan at Eyvo E-Procurement. We’ve all heard of the need for Procurement to embrace the Digital Transformation for many years. There are few procurement-specific personality surveys available. Subscribe Here!

First NCSU Procurement Leadership Program a great success!

NC State SCRC

We held our first ever Procurement Leadership workshop this week, hosting a group of executives from Altria, American Red Cross, Cheniere Energy, Smith & Nephew, RSCS (YUM!

Group Purchasing Organizations: More Than a Healthcare Opportunity

AFFLINK

Historically, group purchasing organizations (GPOs) have been primarily utilized within the healthcare industry. A GPO is a group of businesses or organizations that come together to use their collective purchasing power to receive discounts from vendors.

Procurement – How to Enable Spend Aggregation!

Supply Chain Game Changer

Check out Procurement: The Spend Aggregation Obstacle Course! Aggregating your procurement spend for the purpose of delivering greater value is a sound objective. We discussed these in greater detail in our post Procurement (Part 1!) – The Spend Aggregation Obstacle Course!

Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL! The Procurement Value Chain Continuum. Procurement 101.

Procurement & Supply Chain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!

ivalua

Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others.

Procurement – The Spend Aggregation Obstacle Course!

Supply Chain Game Changer

Check out What Exactly Is Procurement? When you run a central Procurement organization you are trying to get the best deal for your company. And Group Purchasing Organizations (GPOs) are specifically designed to deliver benefits from Spend Aggregation. Subscribe Here!

Procurement: The Spend Aggregation Obstacle Course!

Supply Chain Game Changer

Check out Procurement – How to Enable Spend Aggregation! When you run a central Procurement organization you are trying to get the best deal for your company. And Group Purchasing Organizations (GPOs) are specifically designed to deliver benefits from Spend Aggregation.

How the Procurement Department will evolve in 2019 and beyond

ivalua

Every year, The Hackett Group conducts an in-depth key issues study. The latest study focuses on Procurement’s transformation journey including the goals and obstacles limiting progress. Procurement Departments are going to have less budget (1.3%, versus 2.7%

COVID-19 Procurement Response: Your Questions Answered

Jaggaer

JAGGAER’s Amenallah Reghimi and Mic h ael Roesch recently partnered with Philip Ideson , founder and managing directo r at Art of Procurement , to bring procurement professionals a presentation on response tactics for the current global crisis.

Manage Procurement Spend Like It’s Your Own Business!

Supply Chain Game Changer

Hey Procurement! Procurement. And all of this is managed by Procurement personnel. In What Exactly is Procurement? Now also consider that companies can spend as much as 75% or more of their revenue on the Procurement of goods and services. Subscribe Here!

Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects.

Video: Oracle Procurement Cloud

Oracle SCM

Hear customers at CyraCom International, Transit Wireless, and Rancon Group describe how they are using Oracle Procurement Cloud to control employee spending, streamline their procure-to-pay cycle, source more effectively, and reduce supplier risk.

4 Tips on How to do Procurement Scandinavian Style

ivalua

At 2018’s Sourcing Outlook we had the honor of having Bonava ’s CPO, Mia Lewis, host a roundtable on starting a completely new Procurement organization from scratch. Having all the Procurement knowledge in the world is of little benefit if no one turns to you for help.

SIG Webinar on Procurement Analytics and Innovative Data Leveraging

Supply Chain View from the Field

I will be leading a webinar with the Sourcing Interest Group next Nov. The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as their Chief Procurement Officer. Also joining us will be Michael O’Leary, Director of Procurement Solutions at IBM. As a result, procurement is often brought in at the last minute as an afterthought, often as a big “surprise” with little advance time for preparation.