By Sarah Scudder, President and Chief Revenue Officer, Real Sourcing Network In 2020, the World Federation of Advertisers (WFA) published an important report on the current state of marketing procurement. This report is part of an ongoing initiative called Project Spring that is being led by the WFA Global Sourcing Board. The Project Spring initiative’s […]
Demonstrating the value of marketing procurement Read More »
By Gregory Romney A robust category plan and strategy will guarantee significant impact for organisations. Here are six key elements that make up a robust category strategy:
6 elements of a robust category strategy Read More »
How do you take your information technology (IT) procurement beyond price negotiation and vendor management? In this month’s SmartProcurement, Ronald Flockhart, Group Head: Sourcing and Category Management at First National Bank, takes a look at creating a meaningful and relevant IT sourcing strategy that considers long-term, holistic perspectives to maximise enterprise value, while minimising costs
Ingredients for a successful IT sourcing strategy Read More »
Rogue purchasing can cost you plenty. PurchaseControl unpacks the implications of maverick spend and how you can tackle it.
How can maverick spend hurt your company? Read More »
Supply management organisations have tended to ignore tail spend, considering it non-strategic. But as they realise the cost savings that can be derived, organisations are becoming more aware of their tail-spend management problems and are looking into solutions.
Making headway in tail-spend management Read More »
By Dr Ambrish Kumar, Founder, LogYcode Tech Solutions The COVID-19 outbreak that engulfed nations across the globe is forcing governments, national and international authorities to take unprecedented measures, such as the lockdown of cities and the restriction of people’s movement to check and control the spread of the pandemic. This, consequently, affected global trade and
COVID-19: a run-down of the effects of the pandemic on logistics and supply chains Read More »
On 27 June 2020, MarketWatch reported that the global disposable face mask market size was anticipated to reach US$23.81-billion by 2027. On 30 June, Goldman Sachs released an extensive economic analysis of why the wearing of a face mask is a must. By studying the link between coronavirus infections and mask mandates in US states
By Tiran Gunarathna, Senior IT Category Lead, Infosys Business Process Management; andSriKrishna Koneru, AVP – Strategic Business Practice Head, Sourcing and Procurement, Infosys Business Process Management We often hear about vendor management in sourcing and procurement organisations, but how frequently do we talk about vendor relationship management? Are they the same or are they different?
Understanding and managing IT vendor relationships: do they matter? Read More »
By Hemant Porwal, Executive Vice President: Supply Chain and Operations, WESCO Distribution Over time, the concept of measuring savings has evolved to creating a baseline by comparing items under the form, fit and function framework. Top-quartile procurement teams have taken this further by adopting total cost of ownership (TCO) into their request for proposal (RFP)
The traditional mindset of cost savings is dead Read More »
By Stephen Bauld During these difficult times of the COVID-19 pandemic, it is critical to order specific items that are in high demand. This type of situation will often cause a sole-source purchase that needs to be negotiated directly with the different suppliers that have the required products. To ensure that you are not led
COVID-19 drives sole-source purchases Read More »
