How to Be the “Best in Your Business” Through Spend Analysis and Strategic Sourcing (Part 1)

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“You don’t know what you don’t know.” It’s an old adage, yet so many of us in procurement and sourcing don’t stop to ask the question and investigate – where are we spending our money? As Ardent Partners’ The State of Strategic Sourcing 2015 report states: “The vast majority of sourcing professionals know that having […]

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Building a Culture of Supplier Collaboration

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Businesses are moving faster than ever –automating, streamlining, fast-tracking – and collaboration is increasingly an important way to enhance your supplier relationships.

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The Right Sourcing Tool Eliminates the Real Halloween Scare

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On Halloween night be prepared for fright Ghost, Goblins, Ghouls and the like   Kids and adults all get into the action With costumes, decorations and perhaps a slight infraction   Haunted houses, parties and booing your friends All topped off with a sweet treat at the end   But what if, in all the […]

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Stability, Efficiency and Speed: Benefits of a Sourcing COE

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Procurement pros around the world recently joined a JAGGAER webinar to discover how they can drive more value in their global organizations by implementing a Sourcing Center of Excellence (COE). JAGGAER Vice President of Operations, Dan Willmer and sourcing expert, Prab Randhawa of Illinois Tool Works, laid out a step-by-step example of how organizations can […]

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3 Ways to Outdo Yourself in Spend Management

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Spend management professionals have become victims of their own early successes. Driving down costs in double digit increments over multiple years through the application of technology and best practices has resulted in an expectation from the CFO and others that the party will continue. In addition, each new spend management solution uncovers new internal process […]

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The Best Solutions for Automating Your Business Processes

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Have you ever tried to streamline your procurement and spend workflow to eliminate as many paper-laden processes as possible? If so, you’ll know it’s difficult because finding a system everyone can use can be overwhelming. So how do you optimize your business process automation? Business process automation can happen in many forms, whether it be […]

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How do You Optimize Addressable Spend?

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Pop quiz, Hot Shot: Your organization’s total spend is $1 billion.  Your procurement department oversees $800 million of your total spend.  Of that, $720 million is under contract.  You have negotiated rates with suppliers and have implemented processes so your buyers will buy on those contracts.  When you perform a spend analysis, your data says […]

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Procure-to-Pay Tips from Tetris: Fill the Gaps in Your Process

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Tetris: the fun puzzle game you played as a kid (or as an adult, no judgement here), where a “level-up” is the reward for your strategic block placement. Every new game begins with the blank screen. You put the first blocks down, filling in blank spaces and developing a game plan as you go. Each […]

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Spend Analysis to Savings: Making Sense of Data to Build Your Sourcing Roadmap

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Data analytics has been a hot topic this year, but is all the hype worth the business value it provides? In short, it can be, but you need to look at the right things. Data analysis is only as good as the input data quality and the questions the analysis tries to address. Having a […]

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