Procure-to-Pay Tips from Tetris

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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Supplier Management: How to Capture Information and Take Sourcing to the Next Level

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Managing supplier lists when sourcing goods and services is a challenge that many companies face. From collecting and managing basic contact information, quotes, contracts, product information and geographies served, to including additional information such as performance data that is critical in making informed decisions. There is a lot of supplier information to collect and manage, […]

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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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10 Ways Contract Management Software Can Simplify Your Life

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If you’re still keeping your contracts in a filing cabinet, on a shared drive, or sending scanned copies of the final version via email, you’re not the only one. It’s amazing how many billion dollar companies still rely on paper. But that doesn’t mean there isn’t a better way. There is, with contract management software. […]

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4 Ways to Reduce Your Procurement Costs Overnight

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They say the latest recession is over but already many are forecasting another. In this evolving economic environment, every organization is striving to reduce costs, as it becomes harder to increase revenue and profits. If you’re working to cut procurement costs, you might be making some mistakes that are actually costing you more money than […]

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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 diversity is […]

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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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