Every human, business, government entity, public or private organization depends on data-based facts and evidence to make day-to-day decisions. Whether quick, agile, based on extended discussions, or based on an in-depth analysis of data, all decisions require supporting data. The question is, where and how does an entity get its underlying data from? And how does an organization process that data to generate information that forms the basis for its decision-making? This is the foundation for the use of data, data analysis, and data-based analytics. How...
Want to see more?
Explore our other resources
In contrast to direct procurement, indirect spend includes everything that goes into running a business that isn’t directly tied to the end product, such as maintenance, repairs, and operations (MRO), marketing, facilities, consumables, fleet, freight, travel and IT. Although it can make up as much as 50% of a company’s total purchases, it doesn’t often get the attention it should. The problem with ignoring indirect spend, however, is that you could be missing out on...
Many procurement organizations will be focused on finding new sources of value in 2019. Innovative approaches will drive these new sources of value because most of the quick & easy wins have already been identified. This section of the CPO Rising 2019 report examines how to use performance and operational statistics as benchmarks to measure your organization's performance. It also looks at how "Best-in-Class" performers maintain a competitive advantage. What you’ll learn: What defines "Best-in-Class"...