Is your organization ready to take on indirect spend?

This quiz goes through some of the key procurement strategies and technology capabilities that you need to successfully tackle indirect spend. To get your grade – just answer the questions below, tally them up, and discover if your organization has what it takes.


IndirectSpendQuiz

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If you didn’t answer yes to everything, check out our educational whitepaper to learn more about integrating AI technology into your organization and see which vital procurement strategies you can implement to start driving results now.

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Webinar

On-Demand: How spend analytics can help mitigate risk & surface savings opportunities

Do you know what your spend data is telling you? During the global pandemic, it has become even more important to look at your costs to evaluate risks, operating capital, and opportunities to save. Watch our on-demand webinar to learn our four-step process to attain savings. Co-hosted with , , and About Precision Metalforming Association (PMA) PMA is the full-service trade association representing the $137-billion metalforming industry of North America—the industry that creates precision metal...

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Business Strategy

How to deliver world class procure-to-pay performance

According to research from The Hackett Group, accounts payable best performers operate with 62% lower costs per invoice than their peers. This indicates a significant opportunity for companies not considered best performers to make significant improvements to their operations. "AP best performers operate with 62% lower costs per invoice than their peers." Key Metrics to Determine Procure-to-Pay Process Efficiency Price per financial transaction basis Transactions per full time equivalent (FTE) Purchasing’s span of control The...

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Report

Ardent Partners’ CPO Rising 2019 Report: #ValueExpansion

Finding new sources of value is a primary focus for many procurement organizations in 2019. As most of the quick & easy wins have already been identified, innovative approaches will drive these new value sources. Finding these catalysts, building them out, and constructing different ways to leverage these new value drivers is the focus of Ardent Partners' CPO Rising 2019: #ValueExpansion report. What you’ll learn: The current state of procurement & how it has changed...

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