When companies start to consider adding strategic sourcing to their regular business processes, they often overlook a number of critical considerations. Chief among these are the benefits of a third-party support and – even more crucially – the process of aligning procurement with this new methodology.
Posted: 06/04/2019 - 00:46
Posted: 03/23/2019 - 04:51
Before getting into the topic, write down two things: 1) Your high-level definition of the term ‘spend under management,’ and using that definition 2) What percentage of your company/organization’s spend would you estimate is under management? Once you answer those, read on…
Posted: 12/20/2018 - 03:45
The procurement industry is at a crossroads. Procurement executives are tasked with delivering value that impacts the bottom line, but demonstrating that value to stakeholders, finance and other departments is easier said than done. Almost every CPO strives to lead a best-in-class function, but how do we know what best-in-class actually looks like?