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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In our recent webinar with Institute for Supply Management (ISM), Lane Burkitt, ISM’s Managing Director of Global Operations, and our Chief Strategy Officer, Steve Griffiths, talked about ways technology can eliminate maverick spend. To learn more, check out this clip or read the transcript below (and if you haven’t checked out the webinar yet, click here to watch the whole thing)! Both of you have mentioned a lot about technology and how it's shaping...
1. New: Supplier Categorization Applies to Configurability Overall solution, Invisible to Supplier Requester, Buyer Associated reports Optional by Customer/Default: OFF Suppliers are Active/Valid or Inactive as before, if OFF A vital part of procurement is to channel spend towards strategic & key suppliers and to manage policy and compliance in accordance with supplier standing. With this enhancement suppliers can now be clustered into various (max 4 – see figure) customer-defined categories based on the level...