The Blog - Part 6

Selecting a P2P vendor – assessing the price model

06 Jan 2017 Posted by Pete Loughlin in Procurement Software, Purchase to Pay

When it comes to price models for Purchase to Pay solutions, there are as many as there are providers. Some charge per transaction either as a flat fee or as a percentage of the value of the transaction. Some charge suppliers, some don’t and some…

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Managing conflicts of interest in the procurement process

03 Jan 2017 Posted by Pete Loughlin in Procurement Best Practices

One of the most commonly cited situations that illustrates poor procurement process is nepotism – the appointment of a supplier with a close personal connection with someone in the business. It’s not an ideal situation and it can lead to accusations ranging from simple favouritism…

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Breaking out of the Procurement bubble

19 Dec 2016 Posted by Pete Loughlin in Procurement Best Practices, Procurement Process

Everyone sits at the centre of their own little bubble. The department we work in is, if not the most important, certainly a linchpin or at the very minimum a crucial cog in the works. At least, that’s how it seems from inside the bubble….

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Holding a mirror up to corrupt practices

15 Nov 2016 Posted by Pete Loughlin in Procurement Best Practices, Purchase to Pay, Purchase to Pay Process, Purchasing Card

As a consultant, I’ve often had privileged access to corrupt procurement practices. But I’m not going to blow the whistle on anyone – the thing is, the participants in this corruption, 9 times out of 10 at least, don’t realise they are corrupt. I am not…

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President Trump: Procurement, Supply Chain and Policy Perspectives – an alternative view

11 Nov 2016 Posted by Pete Loughlin in Supply Chain

I read with interest Jason Busch’s assessment of the world of procurement and supply chain in the impending Trump era. I tend to agree with Jason that Trump’s pre-election rants were more bluster than real commitments. His view on tax policy is interesting too. Economists…

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When conventional wisdom goes wrong

04 Nov 2016 Posted by Pete Loughlin in AP Automation, e-invoicing, OCR

Many times I’ve seen decisions on critical business IT hampered by conventional thinking. They used to say “nobody gets fired for choosing IBM”. Now, the safe thinking is to upgrade or otherwise remain with incumbent technology. This is perfectly understandable and often the wisest strategy…

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