article thumbnail

Uniting manufacturing CFOs and procurement for margin expansion

Spend Matters

As the economy teeters between a so-called ‘soft landing’ and all-out recession, an emerging consensus across C-suites has taken shape: the time to cut costs is now. Once again, all eyes are on procurement. Using conversion funnels to turn skeptics into raving procurement enthusiasts “Can you give me feedback on this approach?

article thumbnail

Tail Spend: Your Guide to Full Spend Visibility and Savings

Una

This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. This shape represents your entire procurement spend. It's decentralized by buyers in the business (not procurement people). Put simply, procurement teams can’t do everything.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CPO Spotlight: Kendall Smith

Procurement Heads

I am the Chief Procurement Officer, which means that I am responsible for the procurement of everything that we don’t sell in stores or online, so everything non-product. The first thing I did was to strengthen the management of the procurement team. What does procurement mean to you and Currys?

article thumbnail

Predictive Procurement: Overcoming Challenges in Health and Pharma

Arkestro

Procurement professionals of all types face a challenging and dynamic work environment. What Are the Biggest Procurement Challenges in Health and Pharma? Beyond procurement teams working within the constraints of profit and cost savings, lives are at stake. Supply Chain Visibility. Limited Supplier Network. Managing risk.

article thumbnail

Predictive Procurement: Your Solution to Supplier Diversity

Arkestro

Supplier diversity is increasingly being recognized as a critical objective for procurement. Supplier Diversity is Critical for Multiple Reasons, and Predictive Procurement Is the Solution. As a result, implementing a process that effectively supports supplier diversity is a real obstacle many companies struggle with.

article thumbnail

The Intersection of Technology and Managed Procurement Services

Empowering CPO

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

article thumbnail

Procurement and Sustainability are Your Yin and Yang!

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying.