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How Close Are Global Procurement Organizations to Digital Transformation?

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The digital transformation of business is already underway. Digitalization is no longer viewed as the aspiration of a select few, but as an inevitability for businesses in nearly every sector. Over the past several years, the hype surrounding digitalization has also extended to procurement. These days, digital transformation is a top priority for most CPOs, […]

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Retail

A Toast to Technology this Thanksgiving

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If you’re like many Americans, you’re scrambling with last-minute preparations for the upcoming Thanksgiving holiday. Perhaps you’re just now thinking about the menu items, decorations and supplies you’ll need, the guest list and what side dishes everyone is bringing. To pull off Thanksgiving successfully, you need to rely on many people, hope the stores have […]

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What to Buy (and Not to Buy) This Labor Day Weekend

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It’s Labor Day here in the US… time to take off your corporate “purchaser” hat and play “consumer”. So let’s have some fun with this quick retail buying guide to the best deals found over the  weekend as we close the book on the summer of 2018. The last hallmark “three-day weekend” of 2018 is […]

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Tejari, JAGGAER re-launches
in Middle East

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Tejari and JAGGAER has re-launched in the Middle East following the recent acquisition of strategic procurement company, BravoSolution. During the highly anticipated re-launch events in Dubai and Abu Dhabi, JAGGAER CEO, Rob Bonavito, and CTO, Zia Zahiri, highlighted JAGGAER and Tejari’s future vision for the region including plans for developing the spend management industry’s first “super suite” that will […]

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Procurement Through the Ages

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March is National Procurement Month: a fine time to review procurement’s history and evolution. In the ancient world, supplies, materials, and workers were routinely recorded. One of the earliest known examples of this date back to the construction of the The Great Pyramid of Giza (2325 BCE). Using papyrus scrolls, scribes tracked orders through fulfillment, […]

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What is Spend Analysis?

What is Spend Analysis?

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Spend analysis is the process of identifying, gathering, cleansing, grouping, categorizing and analyzing your organizations spend data with a goal of decreasing procurement costs and improving efficiencies.  Using real-time data and analytics will give you the insight you need you to save money and gain efficiency. Spend analysis is a branch of the much larger […]

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Sustainable purchasing

Taking the Next Step Towards Sustainable Purchasing

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One of the most powerful facilitators of sustainability is habitual purchasing practices. Adopting environmentally friendly business practices makes real business sense, but our customers are taking it a step further. They are weaving sustainability purchasing best practices into their statements of direction. As it is up to procurement to manage an organization’s supply chain, you […]

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5 Ways Organizations Sabotage Supplier Performance Management

5 Ways Organizations Sabotage Supplier Performance Management

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We are kicking off our Supplier Performance Management series detailing five tips on how to make SPM more effective. Supplier Performance Management (SPM) drives meaningful results and improves your business. But how do you ensure that the practice provides the necessary data to achieve the promised results? How do you make supplier performance management meaningful […]

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5 Advantages of Having a Diverse Supplier Base

5 Advantages of a Diverse Supplier Base

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Some of the world’s largest companies, such as Walmart, Accenture, and Johnson & Johnson, are in on one of procurement’s best kept secrets: supplier diversity.  Supplier diversity is a proactive business program encouraging the process of sourcing supplies from minority-owned, women-owned, veteran-owned, LGBT-owned, service disabled veteran-owned, historically underutilized businesses, and SBA-defined small business vendors. Supplier […]

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Procurement leader

What are the Qualities of a Successful Procurement Leader?

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Being a leader encompasses much more than delegating projects to other employees. Peter Drucker, hailed by Businessweek as “the man who invented spend management,” once stated “management is doing things right; leadership is doing the right things.” Although we can agree that Drucker’s statement is accurate, being a truly successful procurement leader is much more. […]

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