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What is Spend Analysis?

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Spend analysis is the process of identifying, gathering, cleansing, grouping, categorizing and analyzing your organizations spend data. This is done with the goal of decreasing procurement costs and improving efficiencies. Using real-time data and analytics will give you the insight you need you to save money and gain efficiency. Spend analysis is a branch of […]

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How to Conduct a Spend Analysis in Seven Steps

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JAGGAER understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. A spend analysis allows you to do just that. Here, we’ve outlined the seven steps necessary to conducting a proper spend analysis. Step One:Identify Identify all the sources available […]

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Defining the ‘Why’ of Category Management

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“Strategy without tactics is the slowest route to victory. Tactics without strategy is noise before defeat.” – Sun Tzu, The Art of War  When procurement thinks about why they might implement a category management process, the reasons that come to mind are likely to involve more effective management of spend or having increased time to invest in strategic supplier relationships. While these are […]

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Augmented Procurement is Making the Future Our New Reality

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Technology has been augmenting everyday life for quite some time now, but procurement has historically been slower in adopting the technological leaps seen outside of the industry. Now this idea of augmented procurement – and eventually autonomous procurement – has surfaced, and many are asking when the change will happen, and more importantly what it means for them.  To answer that […]

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How JAGGAER and the UK Ministry of Justice Exceed Public Procurement Demands

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  Public sector procurement is stuck in limbo - frequently the differences between public and private sector seem enormous, but they're often exaggerated or misunderstood. We sat down with Richard Hogg, Managing Director, JAGGAER UK, and Jim Rawlings, Commercial Director, UK Ministry of Justice, to talk through the challenges and misconceptions about digital procurement in the public sector. Find out more about public [...]

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Dynamic Purchasing Systems: An Answer to Public Procurement Burdens?

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Every year, more than 250,000 public authorities in the European Union spend around 14% of GDP (around €2 trillion per year) on the purchase of services, works and supplies. Their peers in the United States are also responsible for about $2 trillion in spend. Could the money be better spent? Absolutely. How? Now that’s a [...]

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Hello Automated Procurement, Goodbye Tedium

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How much do you enjoy routine tasks such as updating dozens of price lists, generating purchase requests, and entering and reviewing information for multiple suppliers? Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic […]

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Benchmark your Organization – Take Part in the 2020 Procurement Performance Excellence Survey

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Procurement has developed rapidly in recent years, and with the application of transformative technologies such as artificial intelligence and new challenges such as Covid-19 and changing global trading relationships, the rate of change is likely to accelerate.  So, what is the current state of best practice in procurement? And what should your organization consider doing to move up to the next level? Simple questions, but the answers are […]

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Unilever Gains Visibility & Control Over the Most Unpredictable Spend Category

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“What’s really beneficial is that we get instant insight into actual versus planned across all of our contracts, is our spend with a particular carrier a lot more or a lot less?” - Srestha Dutta, Global Process & Technology Senior Manager Profile $0Bannual revenue in 2017 0+brands 0%business in emerging markets Every day, 2.5 billion [...]

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Molly Fletcher speaking at JAGGAER's Global Procurement Forum, REV 2019, on negotiation

The Heart of Negotiation: A Conversation with Molly Fletcher

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Procurement experts know that making deals is a key part of the job. From agreeing on bulk pricing with a supplier to working out budget numbers with internal stakeholders, procurement teams are locked in a constant give and take. But negotiation doesn’t have to be a battle and learning the steps to success is simpler […]

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