We recently had the opportunity to chat with Charlotte de Brabandt, Institute for Supply Management’s (ISM) 30 Under 30 Rising Supply Chain Stars 2017 Megawatt Star and member of ISM’s Thought Leadership Council. During our discussion, we chatted about the impact of technology on the future of procurement, and how to prepare for these inevitable changes. Check out a snippet from our interview below, and you can also listen to the full 30-minute audio interview here! XEEVA:...
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Procurement activities and improved spend management have always been competitive factors for an enterprise. Managing key supplier relationships and costs contribute directly to bottom-line profits. Controlling indirect spend can introduce various cost-saving opportunities and help organizations improve their operating costs. Three areas in which companies try to curtail spend management are reduction in spot buys, controlling maverick spend, and managing tail spend. Each one can be optimized to yield better results for organizations, and having...
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"...