Do you want better contracts and deeper discounts than what you're able to negotiate on your own? Then you’ve likely looked into joining a Group Purchasing Organization (GPO), or a Purchasing Cooperative (Co-Op). The.
“84% of procurement departments believe digitalization is the next step for their industry.” However, only “32% has created a plan for getting there” according to a recent Hackett Group report. If you’re reading this,.
Being a leader in strategic sourcing, means you're thinking not only about where your organization is, but where it should be. It means you're always keeping an eye out for the best procurement thought leadership,.
It’s pretty ridiculous how dependent I am on my phone when I travel for work. In case I’d ever had any doubts, one fateful business trip proved it when my cellphone inexplicably died. I couldn’t find my hotel.
You have a problem. A big problem. You’re a mid-sized business (aka anything smaller than a Fortune 500 company). As such, you need to make a variety of sourcing decisions. You have indirect spend and direct spend to.
No matter how good you are at your job, there comes the point where you have to wonder if outside perspective could help. After all, you’re only human. But how can you be sure if procurement consulting will actually.
Is negotiating directly with the supplier always the best procurement strategy? When you’re considering how to best manage your contracts, you have two goals. First, you want to work with the best vendors. Second, you.
My first experience with planning corporate travel was awful. I’d never planned a big company trip before, but I worked on a small team, so someone had to do it. Suddenly, there were all these details and decisions to.
How can you streamline procurement? Can procurement even be effectively automated? These are questions everyone from CPOs to category specialists struggle with. Especially since you have to do more with fewer resources.
One of the go-to fixes is moving to centralized procurement. Meaning one location retains control over most, if not all, of the organization's purchasing decisions. The problem with decentralized procurement is each.