How can maverick spend hurt your company?
Rogue purchasing can cost you plenty. PurchaseControl unpacks the implications of maverick spend and how you can tackle it.
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Spend Analysis
Making headway in tail-spend management
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.
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The traditional mindset of cost savings is dead
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)
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12 benefits of advanced spend analysis
By Lari Numminen, Chief Marketing Officer, Sievo Having a robust spend analysis solution in place has become a prerequisite for running a professional sourcing organisation. But do you get all the possible benefits from your current spend cube? At Sievo, we have worked with hundreds of clients across most industries. Here are 12 of the
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4 reasons why value is the new procurement normal
By Helen MackenzieAn experienced former CPO currently working with Procurious to help connect the procurement community across the world. We’re all talking about delivering value these days in procurement, aren’t we? But with so many definitions around, how do we maximise its impact?
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6 most painful mistakes in spend analysis
While procurement leaders increasingly turn spend data into a competitive advantage, laggards continue to repeat painful mistakes. You may have noticed that spend analytics is a hot topic right now. According to Deloitte’s Global Chief Procurement Officer Survey 2018, the majority of CPOs across the world expect analytics to have the greatest bearing on procurement
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How can data improve supplier decisions?
The transportation and logistics industry has mountains of data available, and experts encourage carriers and their customers to embrace data-backed business decisions. Ben Goldwasser, a business development professional at Spendrix specialising in risk analysis, business administration and technology issues affecting the transportation and logistics industry, takes a brief look at using data to improve supplier
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Where the world of procurement is heading
Having more data generated in the last two years than in the history of mankind is an opportunity to recognise how analytics is a source of competitive advantage. Sammeli Sammalkorpi, Co-founder of procurement analytics solutions provider Sievo, shares some key points from a lecture presented at the London Business School.
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Using big-data analytics to drive forward business value in procurement – Part 1
A conversation with Walter Charles, Chief Procurement Officer, Biogen. Walter Charles’ global procurement teams support billions of dollars in annual purchases. Having spent decades at Kraft Foods, Kellogg’s, Johnson & Johnson, and now Biogen, Charles provides keen insight into the state of procurement today as well as how big data analytics is disrupting the landscape
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6 things to consider before you purchase any procurement technology
Thinking of investing in some of the latest procurement technology? If you have not consulted market trends, got a third opinion and done all of your research, you might want to pull on the reins, advises Dan Quinn, Senior Vice President of cloud-based spend management provider Jaggaer (Middle East and North America). Buying procurement technology
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