Corporates that adopt a silo approach and view the procurement process merely as a method of obtaining goods and services to fulfil an internal need, have missed a trick. An effective procurement strategy can create considerable business value through process optimisation across each department, and achieve better cost reductions. According to research from global […]
Six tips to create a world-class procurement strategy Read More »
Trump labels it protectionism. The UK calls it Brexit. Other countries talk about local economic and manufacturing support. But whatever you call it, how do we continue to source effectively when traditional procurement is being disrupted along with almost every other industry or profession? By grasping procurement’s burning platforms and taking them as opportunities,
Procurement will find its value-add by grasping burning platforms Read More »
Greg Tennyson is the CPO of VSP Global, where he leads transformative change. He is the former VP and CPO (source-to-settle and expense-to-settle) at Salesforce and Oracle. Greg sat down with ScoutRFP. In part 2 of the conversation, Greg unpacks three ways companies can work to change sourcing behaviours – and gain street cred
Gaining sourcing street cred – Q&A with Salesforce and Oracle’s former CPO Read More »
Decisions and consequences go hand-in-hand. This is why having adequate, relevant information at your fingertips is a critical aspect of any decision-making process – more so when these decisions affect the operation of business and company reputation. In procurement, the optimal goal is to manage risks and costs within a company, making it an
Turning supplier information into procurement insight Read More »
Traveller non-compliance is an increasing area of concern among travel buyers and managers internationally, with great efforts made to persuade travellers of the benefits of compliance that extend beyond “because the company said so”. A recent study conducted by FCM Travel Solutions and the African Business Travel Association (ABTA) revealed that the level of
Do SA business travellers toe the travel-policy line? Read More »
Economic woes, political uncertainty and digital disruption might trouble your CEO, but it should delight the CPO. After all, procurement can perform best on a burning platform, says Guy Strafford, Chief Client Officer, Proxima Group.
Procurement shines brightest on a burning platform Read More »
What is the cost to your business to process one purchase order (PO)? How many POs do you process with a value below that amount? Are you spending a lot of money processing invoices of a low value? If you need to simplify your procurement of low-value items, then you are in the company
How can procurement drive down the cost of processing transactions? Read More »
We’re in the throes of the 4th industrial revolution, where technology has changed the way we live and do business. Research shows that by 2020, half of the world’s business travellers will be millennials. With this in mind, it’s not surprising that the role of travel management companies has evolved way beyond making travel
Is your travel technology a strategic procurement partner? Read More »
Is your procurement team ready for Blockchain? Michael Shaw, Chairperson of the American Council of Sourcing and Procurement Executives, explains in this month’s SmartProcurement, that Blockchain – more commonly referred to as the Internet of Value, or Internet of Trust – will mature in five to seven years.
Blockchain’s impact on procurement and procurement professionals Read More »
A ‘cognitive procurement’ solution is set to redefine the source-to-settle process. The solution delivers intelligence from procurement data – together with predictive insights from unstructured information – to help make decisions in supplier management, contracts and sourcing activities.
Procurement is about to get smarter, faster and more efficient Read More »
