14 December 2020

4 leading CPOs reveal how they are digitalizing procurement

Leave a Comment / Procurement Leaders, Technology / Liam

By Matthias Gutzmann, Founder, Digital Procurement World Digital procurement transformation is no longer an option, it is a must. Ignoring it today will ultimately lead to a loss of procurement’s influence in the organization. On a more positive note, early adopters in digital procurement are already benefiting from incremental cost savings, increased productivity, and substantial […]

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Why CPOs should report directly to CEOs

Leave a Comment / Procurement Leaders, Sourcing Strategy / Liam

By Betina Nygaard, CEO, SCANMARKET A/S Short-term results like savings are here to stay, but Procurement is also responsible for longer term results like improving profitability, time-to-market, innovation and risk management. It is time to broaden both the way Procurement is judged and also its role within the reporting structure.

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Improve contract compliance by thinking like sales…not procurement

Leave a Comment / Contract Management, Legal / Contract / Liam

By Kelly (McCarthy) Barner Call us crazy but we reckon Procurement would be better off looking at the Contract Management process the same way sales does… If you’re anything like me as a procurement practitioner, you think of our end-to-end process in a linear fashion. It usually starts with spend analysis or some other source

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Thriving in the next normal: pivoting your SCM operations to growth

Leave a Comment / Supplier Management, Supply Chain Management SCM / Liam

By Jeff Stiles, VP, Product Marketing SCM, Oracle Where are supply chains going today? I had a chance to hear some interesting perspectives on this question at a recent Oracle Live event, where I attended a session that looked at pivoting your SCM operations to growth. In light of recent events, this was a timely

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Innovation is not about what you control, but what you can access: the procurement view

Leave a Comment / Supplier Management, Supplier Partnerships / Liam

By Bertrand Maltaverne The secret sauce for innovation… The secret sauce is secret because innovation itself and conditions that foster it are, both, quite complex topics that I will not dare to address in their entirety. However, the fact that innovation constitutes a competitive advantage and is a condition for survival is not a secret;

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5 tips to help prevent and control maverick spend

Leave a Comment / Spend Analysis, Technology / Liam

A little innovation never hurt anyone. But whilst Maverick Spend may cause us to re-evaluate our processes, it can wreak havoc and cause long-lasting damage. Georg Roesch, Senior Manager at JAGGAER, outlines five ways you can prevent it from happening and keep it under control.

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Forget RPA: the future of procurement is autonomous

Leave a Comment / Technology, Tools / Liam

By Sammeli Sammalkorpi, VP: Customers and Co-founder of procurement analytics solutions provider Sievo Let’s face it – procurement teams are not the first to hop on the latest technology trends and the industry has been historically slow to digitize daily workflows. But now, with more data being generated in the last two years than in

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Global GDP: How large is public procurement?

Leave a Comment / Public Sector Procurement, Spend Analysis / Liam

By Erica Bosio (Program Manager of the Growth Analytics, Development Economics Vice Presidency at the World Bank) and Simeon Djankov (Director, World Development Report 2019) Public procurement — the process by which governments purchase goods, services and works from the private sector — amounted to $11 trillion out of global GDP of nearly $90 trillion

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PMI push eases in November – manufacturing recovering, but needs greater demand

Leave a Comment / Change, Commentary, PMI / Liam

The Absa Purchasing Managers’ Index (PMI) declined to 52.6 index points in November from the solid 60.9 points recorded in October. The decline comes after three consecutive upward moves and brings the index to the lowest level since July 2020. While still signalling an improvement in business conditions, the drop suggests that the manufacturing sector’s

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