Procurement

Software Surplus! Over-Subscription Could Be Costing Your Company Millions

Posted: 10/08/2019 - 02:11
Software Surplus! Over-Subscription Could Be Costing Your Company Millions
Sourcing professionals know that companies make significant investments in software to run and drive their businesses. They see first-hand how software subscription costs might run as high as hundreds of millions of dollars annually. Yes, the Office of the Chief Technology Officer and various business units collaborate to determine what software is needed, but typically it’s the procurement office that makes the purchase, and employees that use the software. Therein lies the problem.

Procurement Risk – Limited Visibility of the Supply Chain

Posted: 10/04/2019 - 23:44
A few weeks ago, I reviewed the 2018 Deloitte Global Chief Procurement Officer Survey and was not surprised that cost reduction, new products/market development and managing risks remain the top three business strategies for procurement. Sixty-five percent (65%) of procurement leaders report having limited or no visibility beyond their Tier 1 suppliers.

Rising Star Interview: Eric Brumfield

Posted: 09/20/2019 - 00:46

How did you get into this field – was it purposeful or by accident?

I fell into this field by chance. I studied Industrial Engineering at Georgia Tech, and a couple of years into my degree, I found my interest in management consulting. I interviewed at different consultancies with a variety of specialties, looking for one that seemed like the right fit. After my interview at ProcureAbility, I knew I found the right organization, and they specialized in the procurement space. 
 

The ABCs of Print TCO

Posted: 09/19/2019 - 04:31
The ABCs of Print TCO
Most readers of this article are probably familiar with the concept of total cost of ownership, or TCO. Savvy procurement professionals have long recognized that the purchase price of a product or service often doesn’t capture the total cost of acquiring and using that product or service. 
 

Rising Star Interview: Joey Foster

Posted: 09/15/2019 - 22:24
Rising Star Interview: Joey Foster

How did you get into this field – was it purposeful or by accident?

My interest in sourcing sparked while studying Supply Chain Management at Michigan State University. Having just finished the introductory course on procurement, I began searching for internship opportunities focused on strategic sourcing.  
 

Rising Star Winner: Sarah Scudder

Posted: 09/12/2019 - 02:01

How did you get into this field – was it purposeful or by accident?

I was involved in several organizations in college. My sorority put on an annual fundraising event that I chaired. I hired a local company to source and produce all the print, promotional items and apparel. They offered me a job. They wanted to infuse the company with younger people and set up an internship program.  
 

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