by Volodymyr Boiko | Apr 12, 2021
Always look at value > cost We get asked all the time, “will I have to pay more for more sustainable or diverse suppliers?”. It’s a fair question. Our job is to convince the budget holder that an ESG buying strategy is in their best interest, but that’s a...
by Volodymyr Boiko | Apr 9, 2021
by Volodymyr Boiko | Apr 4, 2021
Sourcing isn’t one size fits all operation. Sourcing is typically broken down between indirect, direct, and CapEx – all of which have very different requirements, information capture, cost model breakdowns, category definitions, and functional capabilities. ...
by Volodymyr Boiko | Apr 2, 2021
Procurement has become tasked with a “do more with less” mindset. In the past, procurement’s job was to process paperwork, but now is being relied on to not just maximize, but to create value. Figuring out how to create value with less and less resources is now...
by Volodymyr Boiko | Apr 1, 2021
Depending on the size of your organization, you could have dozens, hundreds or even thousands of active contracts at a time. And each of those come with their own set of risks and value opportunities. Value and risk seem to go hand in hand, but do you ever...
by Volodymyr Boiko | Mar 25, 2021
It’s no big secret that paper invoices and manual document processing are costly. With many companies processing thousands of invoices per month the time, money and manual errors associated with paper invoicing can stack up quickly. While most large companies...
by Volodymyr Boiko | Mar 12, 2021
Recent shocks to global supply chains have forced organizations to reevaluate how they’re sourcing goods and optimizing their supply lines. As supply chains continue to evolve, expanding and increasing in complexity, so too do sourcing events. It’s...
by Volodymyr Boiko | Mar 11, 2021
Spend or cost reduction is firmly back at the top of the CPO Agenda, however Gartner prefers to use the term “Cost Optimization”. The result is largely the same, but the journey to get there looks much different. Cost reduction is simply finding ways to cut back...
by Volodymyr Boiko | Mar 5, 2021
If contracts had no risk involved, there would be no need for contract management. If suppliers always delivered, there were no financial risks, ethical risks, or deadline issues, and everything always went off smoothly, there would simply be no point...
by Volodymyr Boiko | Mar 2, 2021
Driving Down Costs and Risks, Driving up Compliance & Supplier Performance Digitizing your Contract Management processes can bring efficiency, transparency, compliance and overall cost savings to your organization. Whether you’re just getting started with your...
