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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. This is done with the 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 […]

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SRM Public Sector

Supplier Relationship Management in the Public Sector: from Process to Engagement

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The concept of supplier relationship management (SRM) was first introduced in 1983 by a consultant named Peter Kraljic in a Harvard Business Review article titled “Purchasing Must Become Supply Management” in which he wrote: “Instead of simply monitoring current developments, management must learn to make things happen to its own advantage. This calls for nothing less than a total change of perspective: from purchasing (an […]

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Centralising Public Sector Data

Centralised Public Sector Procurement Data and Spend Visibility Will Bring Many Benefits to the Taxpayer

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The needs of the various central government departments are many and varied. For example, much of the Ministry of Justice’s high level of spending is specific to that department, notably private sector-managed prisons. But there is also a lot of overlap and shared contract information and spend visibility across departments will give the taxpayer much better value.  For example, [...]

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Conducting a spend analysis checklist

How to Conduct a Spend Analysis in Seven Steps

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JAGGAER understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. A spend analysis allows you to do just that. Here, we’ve outlined the seven steps necessary to conducting a proper spend analysis. Step One:Identify Identify all the sources available […]

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Government

How JAGGAER and the UK Ministry of Justice Exceed Public Procurement Demands

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  Public sector procurement is stuck in limbo - frequently the differences between public and private sector seem enormous, but they're often exaggerated or misunderstood. We sat down with Richard Hogg, Managing Director, JAGGAER UK, and Jim Rawlings, Commercial Director, UK Ministry of Justice, to talk through the challenges and misconceptions about digital procurement in the public sector. Find out more about public [...]

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Dynamic Purchasing System for Public Procurement

Dynamic Purchasing Systems: An Answer to Public Procurement Burdens?

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Every year, more than 250,000 public authorities in the European Union spend around 14% of GDP (around €2 trillion per year) on the purchase of services, works and supplies. Their peers in the United States are also responsible for about $2 trillion in spend. Could the money be better spent? Absolutely. How? Now that’s a [...]

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magnifying glass on open accounting book

Transparency in Public Sector Procurement: Are You Ready for Open-book Accounting?

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Open–book accounting means the sharing of an organisation’s accounts with everybody who has an interest in the organisation: not just employees, direct and indirect shareholders and others. In effect, this means opening the books to the public. With growing interest in business transparency, it is a growing trend. There is no insurmountable technological barrier, since […]

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Unilever - Spend Analysis

Unilever Gains Visibility & Control Over the Most Unpredictable Spend Category

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“What’s really beneficial is that we get instant insight into actual versus planned across all of our contracts, is our spend with a particular carrier a lot more or a lot less?” - Srestha Dutta, Global Process & Technology Senior Manager Profile $0Bannual revenue in 2017 0+brands 0%business in emerging markets Every day, 2.5 billion [...]

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Molly Fletcher speaking at JAGGAER's Global Procurement Forum, REV 2019, on negotiation

The Heart of Negotiation: A Conversation with Molly Fletcher

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Procurement experts know that making deals is a key part of the job. From agreeing on bulk pricing with a supplier to working out budget numbers with internal stakeholders, procurement teams are locked in a constant give and take. But negotiation doesn’t have to be a battle and learning the steps to success is simpler […]

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Using natural language generation (NLG) in procurement tech

How to Transform Your Procurement Process with Natural Language Generation

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“Alexa… find information about Conversational Platforms in Procurement…” Natural Language Generation (like Alexa and Siri) technologies are transforming the way business professionals and consumers interact with technology. Voice-enabled platforms are still in their infancy, but the technology rapidly advancing to enable more complex interactions. It’s only matter of time before we are all relying on […]

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