Impact of Brexit on Procurement: Contracts

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We explored the impact of Brexit for procurement on Supplier Management in our last blog. We continued the discussion with procurement expert Peter Smith, Managing Director, Procurement Excellence about the impact on various areas of procurement. In this blog we focus on his responses to questions on the topic of contracts. Q1.  What approaches to […]

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Impact of Brexit On Procurement: Supplier Management

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Earlier this year, we asked you to submit all your questions that Brexit raises for Procurement. Here is Part 1 of the most commonly asked. As we await the decision on Brexit, we spoke with procurement experts on how Brexit will affect the us: Jeremy Smith, Managing Partner, 4C Associates and Peter Smith, Managing Director, […]

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Global eInvoicing Compliance – Your Questions Answered

Global eInvoicing Compliance – Your Questions Answered

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Audience members at our recent eInvoicing webinars raised some interesting questions in the Q&A session, here’s a selection of the most commonly asked below: Q. What processes or rules should be put in place to ensure that suppliers select the appropriate tax rates on invoices and then marry them to the appropriate tax codes in […]

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Standards for eInvoicing continue to push the AP revolution

eInvoicing Standards Continue to Push the AP Revolution

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With Brexit, trade wars, economic crises and recessions, 2019 has been far from boring. One of the measures governments often take to address tough economic conditions, by strengthening the collection of indirect and customs taxes, is to implement electronic invoicing mandates. New mandates announced or implemented in the last year include Italy, Greece and India, [...]

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Procurement questions for Santa

5 Procurement Questions for Santa

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After pulling a few strings, we managed to catch Santa on one of his few coffee breaks at this busy time of year to fire five burning questions at the reigning world champion in procurement. Christmas is a holiday worldwide, but the busiest time at work for you. When does your year start? Actually we […]

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AI for Better Supplier Collaboration: First, Get Your Data in Order

AI for Better Supplier Collaboration: First, Get Your Data in Order

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Most software vendors have taken an applications-driven approach to delivering solutions. They have identified the main challenges faced by procurement professionals and developed applications that address those specific challenges. This has brought benefits but not sustainable value, especially when buyers have looked for “best-of-breed” point solutions with limited interoperability. The result has been isolated applications, […]

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CPOs are juggling procurement challenges

Why Procurement Simplified Is Much More than a Slogan

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Deloitte’s 2019 Global CPO Survey identifies the key challenges that procurement professionals are struggling to tackle. The biggest risk factors, according to the survey, are the economic downturn and deflation (cited by 42% of respondents), internal complexity due to M&A activity, organizational silos, non-standard processes (39%), managing complexity within mega-suppliers (37%), trade war (33%), managing […]

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Killing your compliance effort

The #1 Thing that Will Kill Your Procurement Compliance Effort

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You identified a compliance problem within your procurement process. You came up with a plan. You created PowerPoints and ROI spreadsheets worthy of an award. Your boss loved it. Now all you have to do is get everyone else on board. With a plan that makes such obvious sense, it should be a piece of […]

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What's next for procurement?

What’s Next for Digital Procurement?

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Our survey of the global procurement community and the subsequent report, Digital Transformation in Procurement: How Close Are We? revealed heightened awareness of digital technologies and their potential to transform the procurement function, but little progress over the past two years. It identified a couple of key challenges. We dealt with one of them in […]

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Zooming in on data integration in procurement

Zooming in on Data Integration in Procurement

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Procurement is central to the profitability of organizations in all industry sectors. Given the value that procurement delivers, you would think that the function is ripe for digital transformation. But the reality is rather different. Why is this? Our 2019 Digital Procurement Survey, Digital Transformation in Procurement: How Close Are We? provides some answers. We […]

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