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How Close Are Global Procurement Organizations to Digital Transformation?

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The digital transformation of business is already underway. Digitalization is no longer viewed as the aspiration of a select few, but as an inevitability for businesses in nearly every sector. Over the past several years, the hype surrounding digitalization has also extended to procurement. These days, digital transformation is a top priority for most CPOs, […]

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Tejari, JAGGAER re-launches
in Middle East

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Tejari and JAGGAER has re-launched in the Middle East following the recent acquisition of strategic procurement company, BravoSolution. During the highly anticipated re-launch events in Dubai and Abu Dhabi, JAGGAER CEO, Rob Bonavito, and CTO, Zia Zahiri, highlighted JAGGAER and Tejari’s future vision for the region including plans for developing the spend management industry’s first “super suite” that will […]

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Procurement Through the Ages

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March is National Procurement Month: a fine time to review procurement’s history and evolution. In the ancient world, supplies, materials, and workers were routinely recorded. One of the earliest known examples of this date back to the construction of the The Great Pyramid of Giza (2325 BCE). Using papyrus scrolls, scribes tracked orders through fulfillment, […]

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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 with a 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 the much larger […]

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Sustainable purchasing

Taking the Next Step Towards Sustainable Purchasing

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One of the most powerful facilitators of sustainability is habitual purchasing practices. Adopting environmentally friendly business practices makes real business sense, but our customers are taking it a step further. They are weaving sustainability purchasing best practices into their statements of direction. As it is up to procurement to manage an organization’s supply chain, you […]

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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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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 […]

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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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Top Ten Key Performance Indicators for Successful Spend Analysis

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Key Performance Indicators (KPIs) are specific, measurable and actionable values that are identified as important in determining the success or failure of an activity. KPIs vary by activity, but they can also vary for the same activity, depending on what is important at the time. With spend analysis, KPIs may focus on contract adherence one […]

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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 […]

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