FairmarkitPitching Procurement: Why Procurement Should Care About PositioningIn 1980, Harvard Business School professor and economist Theodore Levitt wrote, “There is no such thing as a commodity. All goods and…Feb 10, 2019Feb 10, 2019
FairmarkitUsing Data to Tame the Tail in Financial ServicesThe long bear market of 2017 and 2018 is giving way to a less certain 2019. Now, more than ever, it’s important for financial services…Jan 16, 2019Jan 16, 2019
FairmarkitStrengthening CPO-CEO CollaborationFocused on producing results that bring value to their company, procurement is a very important department within the infrastructure of an…Dec 6, 2018Dec 6, 2018
FairmarkitProcurement Practices That Foster InnovationMost people assume that a career in procurement is all about cutting costs and slashing budgets. This perpetuates the misconception that…Nov 29, 2018Nov 29, 2018
FairmarkitMapping Out an Adoption Plan for Tail Spend Management (TSM)Admittedly, when we first started Fairmarkit, building adoption strategies was an area that was grossly overlooked. Our incorrect…Nov 3, 2018Nov 3, 2018
FairmarkitBringing Outsourced Tail Spend Management Back In-houseShould you outsource your tail spend management (TSM)? Wildly fair question.Oct 27, 2018Oct 27, 2018
FairmarkitDeep Dive: Addressing Tail Spend ComplianceNo matter the industry, it is easy to see how important it is for the procurement process of an enterprise to adhere to certain rules and…Oct 20, 2018Oct 20, 2018
Fairmarkit4-Way Tail Spend OptimizationAll decisions in life are tradeoffs. It could be as simple as going out to dinner with friends versus staying in to save money, to…Oct 17, 2018Oct 17, 2018
FairmarkitLet’s Talk Tail Spend KPIsThe saying, ”In God we trust, all others must bring data” seems to resonate very well when we start talking about tail spend Key…Oct 9, 2018Oct 9, 2018
FairmarkitTail Spend and the Purchasing vs. Procurement DebateBoth ‘purchasing’ and ‘procurement’ are terms that signify the process of acquiring goods and services that a company needs. This is the…Oct 8, 2018Oct 8, 2018
