When it comes to corporate cost reduction and procurement strategy, you have several things to consider. First, is getting the best price on your indirect and direct spend – easier said than done. Second, is making sure.
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.
When you manage construction projects, you have to travel – a lot. Whether you’re the foreman, project manager, travel coordinator, or general administrator you have to make sure your contractor crews have the rooms.
If you're a procurement professional and you're not already following Procurious, you should be. They continually produce excellent thought leadership content including blogs, videos, training, and discussion forums..
Who doesn’t like earning reward points? Every savvy explorer wants to find better discount business travel rates and cash back programs. The problem is, it can be especially challenging to find the best corporate hotel.
You probably have a tail spend problem. In other words, you are spending a lot more money and time managing the “extras” of your business than you realize. Any good procurement professional focuses on managing direct.
Finding genuinely helpful content in the procurement space is easier said than done. Sure, there’s a wealth of outdated information, vague predictions, and thinly veiled sales ads, but not much expert, actionable.
96% of companies fail in ten years, and less than 1% of businesses ever exceed 10 million in revenue. Not surprisingly, one of the top reasons is leadership. A couple of weeks ago I had the chance to present to a group.