Cost reduction, via indirect procurement, for manufacturing

An Indirect Path to Manufacturing Savings and Cost Reduction?

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Whether your organization is purchasing raw steel, injection molded plastics, or fully finished office supplies and IT equipment, a streamlined P2P system can be a game changer. By optimizing the areas where you spend the most, your company and organization can drive significant savings in your supply chain. However, by focusing only on your largest spend categories, you may be overlooking easy […]

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IT Ethernet Patch Cables

Why IT Projects Fail: Three Steps to Implementation Success

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Approaching a large IT implementation project can be a daunting prospect. In addition to managing the expenses, timelines, logistics and vendors, you have to consider change management and user expectations. The numbers don’t help maintain a sense of optimism, either. According to The Standish Group’s 2019 CHAOS Report, only 16.2% of projects are implemented successfully on time […]

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The Top 5 Pitfalls of Software as a Service (SaaS) Implementation Projects  - and How to Avoid Them!

How to Avoid the Pitfalls of Procurement SaaS Implementation

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Procurement departments are under pressure to transform their processes digitally. Software as a Service (SaaS) makes it easier, because the underlying software is available over the cloud with transparent pricing models. Yet things can easily go wrong. We look at the main pitfalls and how you can circumvent them. Download our free white paper, “Why [...]

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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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Seven things to consider before implementing your SaaS solution

7 Things to Consider Before Implementing Procurement SaaS

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What is SaaS?  When you decide to deploy a SaaS solution for procurement, you are choosing the provider of a service. You don’t choose any of the server, storage, or networking specifics, and you don’t choose an operating system, or even a language to develop new tools in. Rather, you get an application, such as eProcurement or Supply Chain Management. However, you can choose the specific settings in the application, the […]

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Adopting an agile mindset in procurement

Why Procurement Needs a More Agile Mindset

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When it comes to delivering successful digital transformation, procurement needs to change its mindset. Apologies if that sounds a little provocative, but it is an opinion based on 20 years of experience that straddles both the procurement function and software implementation projects. A lot has changed in those two decades, on both sides. In the [...]

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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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waterfall and agile project for your procurement

Procurement: Waterfall Methodology vs. Agile Methodology

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There are many approaches to delivering a software solution but there are two main categories: waterfall, or traditional methodology, and the more recent agile delivery model. Learn the differences, and how to speed up the success of your procurement processes through agile implementation in our Get Smart webinar. Waterfall is so-called because it is a […]

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transparent procurement

How Banks Can Improve Transparency in Procurement for Better Compliance

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Banking is a unique industry in many respects. It’s one of the most profitable, but also one of the most competitive. Procurement in Banking also faces unique challenges due to the tough regulatory compliance environment that sets limits on how Banks can achieve goals like cutting costs. But there’s another aspect, often overlooked, that sets [...]

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Indirect vs. Direct Goods and Services. What’s the Difference?

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Let’s say that, instead of procurement services, you produced soda bottles instead. What would your spend management goals be? Or, what if you are looking to hire an “A Team” for your department? What would your spend management goals be then? How would they be different? Understanding the distinction between direct and indirect goods and […]

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