Cost

Challenging Ourselves: Be the Change

Posted: 08/24/2018 - 11:27
If we mean what we say about transformation, we have to be willing to question everything procurement does and how we do it. While procurement clamors for ‘transformation,’ I sometimes suspect that we are secretly hoping the solution will actually involve the rest of the organization awakening to the brilliance of our wisdom, and that they—not us—will do the majority of the changing.
 
Unfortunately, that scenario is unlikely to play out in reality. 
 

Why CIOs Should Worry About Tail Spend Management

Posted: 08/19/2018 - 05:57
“Tail spend” represents a significant cost for large enterprises. While comprising a relatively small portion of total cost, the drip-drop accumulation of spend by large numbers of small, non-strategic suppliers making ad hoc and one-time purchases adds up to represent a sizable sum. The issue is exacerbated by inefficient contract management, cumbersome payment processes and a lack of automation.
 

The 5 Advantages of Outsourcing for Effective Global Payroll

Posted: 08/03/2018 - 04:55
The world is more global and digitalised than ever before. As organisations expand globally, business leaders must consider the logistics of payroll and the changes that will need to take place—including mobility, flexibility and the use of technology. Expanding internationally can bring various challenges to HR and payroll departments, as each region has tailored laws and regulations regarding payroll, and there is a large difference between the amount of technology employees use in their personal lives and their work lives. 
 

Procurement: Why You Should Outsource the Work and Not the People

Posted: 06/09/2018 - 00:49
Why hire a full time employee for a part-of-the time job?

As procurement professionals, we are always striving to achieve the best total cost of ownership with the products and services we purchase. We’ve seen the negative impact that bottom-dollar pricing can have with respect to quality and delivery. We’ve seen how over-engineered products with high price tags can erode our margins. Our constant aim is to look at each purchase holistically and measure its total value to the company we represent. So why don’t we look at our procurement teams the same way?

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