Benjamin Duffy

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Benjamin Duffy is a Consultant at Source One, a Corcentric Company. Working in Source One’s Procurement Technology Advisory, he works hand-in-hand with clients to identify opportunities to leverage technology, select the best-fit solution for their organization, and implement the technology to achieve their business objectives.

From this author

The best definition of spend under management is to equate it to strategically managed spend.
Jul 17, 2020    0

Before getting into the topic, write down two things:

1) Your high-level definition of the term spend under management

2) What percentage of your company/organization’s spend would you estimate is under management?

Once you answer those questions, read on… 

A common statistic most heads of procurement track and report on is their spend under management. If you ask them, most can tell you a specific percent of their company’s spend is under...

Dec 27, 2018    0
Though slight variations are inevitable, most procurement organizations follow a familiar process for selecting and implementing their tools. Generally, it looks something like this.  
  • They decide they need a new procurement solution.
  • They conduct research and begin to engage with appealing providers.
  • They create and distribute an RFP.
  • ...