Maverick spends need no introduction to anyone. No industry is an exception to this spend, and no sector claims permanent control over this spend. What is so intriguing about maverick spends?
As a procurement professional, you have come across maverick spend many a time. What do you think about why it is maverick spend and what is the justification to label a certain category of spend as maverick?
In post 1 on Pulse of Procurement 2014 series we discussed the Pain Areas for 2014 and the future expectations of Procurement Execs, we then discussed the current state of…
According to the recent Pulse of Procurement Report,“ Companies with leading edge contract management solutions in place have saved, on average, eight percentage points more than those with behind-the-curve contract management solutions. For a $1 billion company with $500…
This is the 2nd in our series of posts on Practical Procurement where we look at real world events and their impact on procurement and business. You can find the 1st post about Apple’s Chipgate problem, working with multiple suppliers and what the procurement teams can learn…
In our previous blog on Contract Lifecycle Bottlenecks & How to Curb Them: Part I, we discussed the challenges that can drown an organization’s contract process.
Contracts are nothing but fancy promises. One would expect parties involved in a contract to keep their respective promises, because of its formal and strict nature. But that’s hardly the case. Every single day…
