Procurement Best Practices
28 Jun Supplier data quality – the Achilles heel of your procurement organization
Purchasing is a complex set of interconnected and dependent people, processes and technology. - market knowledge; benchmarking information; purchase to pay and accounting systems and processes and last but by no means least - data. Data - your procurement organization's Achilles heal.24 May What has the internet ever done for purchasing?
Posted at 09:03h
in e-Procurement, e-Procurement Software, Procurement Best Practices, Procurement Software, Supply Chain
In the facebook age, when the digital natives - those who don't remember a time before the internet - are emerging as the new generation of business leaders, thinkers and politicians, it can be easy to forget how today's business technology evolved. And it's easy to dismiss it. But knowing a little more than best practice and understanding why we do stuff the way we do is enlightening and helps inform us about the future evolution of business technology.
16 Mar Put the PR back into procurement
I despair sometimes. There's been a couple of threads in the purchasing and supply chain media recently that seek to justify the role of procurement. There was Peter Smith's recent spirited defence, (here), of the procurement profession in response to David Cameron's naive attack calling purchasing professionals the "enemies of enterprise". And then there was the article in Supply Management "CFO focus on savings ‘does procurement a huge disservice" which high-lighted some research by Ardent Partners revealing a misperception of the role of procurement by most CFOs:07 Mar Why would I need twitter?
Every generation thinks they invented sex.14 Sep Procurement Has a Big Problem – It’s Boring
It’s true, it sits close to the very end of the lack-of-glamour spectrum within the dusty and poorly lit back office of most organisations. The business end of the organisation on the other hand – sales and marketing or product development perhaps – that’s where...
09 Jul Spend Analysis – the Key to Managing Through A Recession
Posted at 11:16h
in Procurement Best Practices, Purchase to Pay, Purchase to Pay Process, Spend Analysis, Vendor Risk Management
What gets measured gets managed. It's a slightly tired truism but it's very relevant to Purchase to Pay and, sadly, often overlooked. Most P2P (Purchase to Pay) projects are justified as a means to reduce cost. They introduce efficient processes that allows purchasing payment and accounting...