The Supplier Life-cycle Management Mantra

With Suppliers being at the heart of Procurement, every aspect related to supplier is…

3 Contract Management Nightmares (And How to Avoid Them)

10 Key Take-Aways: Transforming the Source-to-Pay Process

Many senior managers view a source to pay process as merely a mechanism to complete a transaction. They completely miss the point that there are significant opportunities, cost and value improvements, benefits and integration…

The Greatest Contract Ever Signed

In 1886, a pharmacist by the name of John Stith Pemberton formulated a new soda fountain drink. Back…

Analytics and the Future of Mitigating Supplier Risk

In days when suppliers of companies were located close-by, relationships were based on trust and perception. Times have changed. All enterprises source goods or services from far-flung suppliers — separated by time zones, cultures and…

Characteristic of a World-class Procurement Organization

How to be world class? That is a question everyone needs the answer to. Though cost savings will be the primary procurement benchmark for the foreseeable future, leading entities expect a lot more than just cutting the…

The Impact of Postmodern ERP on Procurement

The emergence of cloud-delivered, specialized procurement solutions is allowing procurement organizations access to options that are a better fit, enabling them to manage spend more efficiently. Modern specialist procurement vendors offer agile solutions…

Leveraging Technology in Public Procurement (Post 1)

This is the 1st post in a series of posts that looks at the relationship between public procurement processes and technology enablers.

4 Point Supplier Risk Management Formula

It is no secret that large enterprises increasingly engage with a large number of far-flung suppliers in today’s globally connected world. Companies depend on these suppliers to man manufacture or develop their products or services or rely on them run…