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Recent Posts

What Procurement Teams Can Learn from “The Wisdom of Crowds”

Jul 14, 2022 |

People, by nature, love recommendations says Edmund Zagorin, CEO and Founder of Arkestro. In this article, he explores how recommendations can be incorporated into the procurement process to help team members make better decisions and provides helpful tips to leverage the collective wisdom your various business teams have accumulated over the years.

Avoiding Risky Business with External Workforce Management

Jul 13, 2022 |

With rigorous government regulations and internal policies, compliance issues pose a serious risk for companies that do not have visibility into their external workforce says Vish Baliga, CTO at SAP Fieldglass. He shares how visibility into the external workforce helps avoid maverick spend, ensures preferred suppliers are used in line with negotiated rates, and how strategic planning and partnering with workforce vendors to identify and procure the appropriate talent can conserve a lot of money, time, risk and effort. 

10 Reasons to Use Purchase Orders

Jul 11, 2022 | ,

Procurement groups are often challenged by internal Line-of-Business (LOB) groups on requiring purchase orders says Mark Trowbridge CPSM, C.P.M., MCIPS, Principal with Strategic Procurement Solutions LLC. He outlines 10 key reasons to use purchase orders, discusses when other acquisition methods may also apply and provides helpful tips for when the CFO asks “why”.

Localizing Supply Chains Amid Global Disruptions

Jul 7, 2022 | ,

One in three businesses cites concerns about supply chain disruption inhibiting ambition in the year ahead, says Michael Ereli, U.S. Managing director at Proactis. In this piece, he shares research that shows major businesses are investing capital and resources in digitalizing their supply chains to improve resilience and pursue growth. 

A New Approach to Contract Management

Jun 30, 2022 | ,

Until recently, contract management was a manual process, making it rife with inefficiencies says Charmel Rhyne, Contract Lifecycle Management (CLM) Director for Onit. She shares how the best CLM tools incorporate configurable workflows that adapt to users’ way of working, not the other way around, and shares the seven attributes of a best-in-class CLM system, while conforming to your preferred work style.