The Blog - Part 91

Procurement Has a Big Problem – It’s Boring

14 Sep 2010 Posted by Pete Loughlin in Procurement Best Practices

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…

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Implementing a Purchasing Process – Seven Steps to Success

03 Sep 2010 Posted by Pete Loughlin in Purchase to Pay, Purchase to Pay Process, Purchasing Process, The Rest

A solid purchasing process saves money, reduces risk and creates control. What is there to not like about it? But implementing a purchasing process successfully is no walk in the park. Many organizations have been persisting for years without success so we’ve formulated the “Seven…

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Purchase to Pay Charter for Strategic Suppliers

20 Aug 2010 Posted by Pete Loughlin in Purchase to Pay

A one size fits all approach just won’t work with purchase to pay. And that’s not just intuition or experience informing that view. The Hackett Group reported this in their May Procurement Metric of the Month : “Many organizations define sourcing and supplier management processes…

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Electronic Invoicing Upgrade Announced

12 Aug 2010 Posted by Pete Loughlin in Electronic Invoicing

Press Release from iPayables iPayables released InvoiceWorks version 8.441 August 10, 2010. The upgraded version includes new functionality and upgrades to the InvoiceWorks product. The three most notable enhancements are around: Managed Security, Mass Downloads and CASS Address Verification. Managed Security – While InvoiceWorks has…

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Green Electronic Invoicing

09 Aug 2010 Posted by Pete Loughlin in Electronic Invoicing, Purchase to Pay, The Rest

At a time when wise use of resources, both from a commercial point of view and an environmental point of view, is seen as a priority, Purchase to Pay stands proud having had an environmentally friendly heart even before the green band wagon rolled into…

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Dynamic Discounting – Opportunity or Financial Fantasy?

04 Aug 2010 Posted by Pete Loughlin in Dynamic Discounting, Financial Supply Chain Management, Purchasing Process

Let’s indulge for a while in a purchasing and finance fantasy where a CFO and a CPO have a constructive conversation about how best to manage working capital. Suppose there’s a supplier – a strategic supplier with whom the company spends a lot of money…

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Top 5 P2P Mistakes

02 Aug 2010 Posted by Pete Loughlin in Electronic Invoicing, Purchase to Pay, Purchase to Pay Process, Purchasing Process, The Rest

Purchase to Pay can sometimes be a hard sell. In a highly siloed organization where purchasing and finance see themselves as different species, getting buy in to an end to end holistic approach to purchasing is virtually impossible. But without the holistic approach some serious…

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