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September 2017

4 Ways to Improve Retail Supply Chain Performance Through Cost Savings

For traditional brick-and-mortar retailers to survive and ultimately prevail today, the focus must turn to the supply chain and ensuring that costs are under control, while still accounting for capacity, innovation, service and sustainability. To do this, merchandising, finance, procurement, transportation and supply chain must come together and share one, ultimate goal: optimizing profit margin […]

Moving Procurement to a Vital, Relevant and Valuable Function

For Procurement to become a relevant and vital function requires a multitude of considerations that span people, process and technology. When these elements are combined into a high performing work team, focused on significant performance and value contribution, the business outcomes are phenomenal.

Phenomenal Procurement success requires three components: foundational, fundamental and advanced and game changing. Unfortunately […]

5 Steps to Improve Communication with Procurement Suppliers & Stakeholders

Procurement teams are under more stress than ever and are looking at Supplier Relationship Management as an opportunity to drive improved results in their procurement organizations and with stakeholders.  Budgets and employees are stretched to capacity, forcing everyone to move quickly and be laser-focused on the urgent. Unfortunately, this tunnel vision often causes procurement and strategic sourcing […]

Putting Supplier Relationships at the Center of Your Procurement Organization

Suppliers are essential to the success or failure of procurement organizations. So how do you get the most from them while creating a supplier management strategy that benefits all parties?

Traditional procurement processes often end up leaving the supplier out in the cold and procurement organizations missing out on the benefits that a more inclusive, supplier-centric approach might bring.

Learn how to […]

Four Levers of Procurement

In our latest paper “Four Levers of Procurement” we explore the four levers in the procurement world.

Savings/Reduce Costs Cost control is a CPO priority.

Corporate Social Responsibility Sustainable procurement yields positive economic benefits in terms of reducing costs, lowering risks and growing revenue.

 

To Bid or Bust: Best Practices for Asking RFP Questions

To do eSourcing efficiently requires a different way of looking at things. Most people think that long and detailed equals thorough and comprehensive. However, for best practice eSourcing, that way of thinking is no longer true. Sure, there are some categories that require some length and detail but still, it doesn’t mean that the RFP […]

Infographic: The Procurement Conundrum

In this infographic you will learn about balancing a diverse web of stakeholder interests and how to make sense of complex spend management.

5 Ways to Tell if Your Procurement Team is Customer Centric

For a long time, procurement has worked to deliver superior value to all internal stakeholder groups: including finance, operations, marketing, R&D, and the executive team. Many procurement teams have adopted a traditional ‘customer service’ model to guide their interaction, communication, and deliverables presentation.

While it is well-intentioned, using a customer service model with internal stakeholders limits […]

Top 10 Technologies for Supply Management Savings

The average company is sitting on a goldmine of untapped savings opportunities that it fails to realize because it doesn’t even know about the gold-bearing vein running through its enterprise data.

With the right systems in place, the average company can tap cost reduction and savings opportunities that could collectively add up to 30%, or more, […]

Taking the First Step on Your Next Level Supply Management Journey

VFS. Hi-Def Sourcing. Next Level Supply Management. Next Practices. Value Chain Creation. The acronyms and acclamations are flying fast and furious. Even world class Supply Management organizations have to do something more to maintain their year-over-year contributions to the bottom line with the perfect Procurement storm of high demand, low supply, and high market volatility […]