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Category management will fail if procurement and business stakeholders do not collaborate to agree a pipeline of projects

Future Purchasing

The real value is spending some quality time with your stakeholders to discuss potential categories to focus on and identify resources required to make the cross-functional working more effective. Procurement teams clearly appreciate why strategic alignment planning activity is such an important activity.

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The Science and the Art of Procurement

ivalua

The huge growth in the use of technology has been the most visible part of that developing picture. I first saw this term used a few years ago by Philip Ideson, as a title for his website and excellent series of podcasts, and it feels like this may be an idea whose time has come.

professionals

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Managed Procurement Services: A Strategic Approach to Cost Reduction

Empowering CPO

In essence, it’s a critical business function that ensures the right goods and services are available at the right time, in the right quantities, at the right price. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Supplier on-boarding time: S2P can significantly reduce the time it takes to on-board new suppliers.

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Why Is Supplier Experience Now Such a Key Priority?

HICX

Furthermore, failure to tackle data quality issues created in the past will hamper the ability to obtain full visibility, thus creating even more ambiguity. This results in higher costs for the supplier as must devote more staff time to addressing these requests and this in turn inevitably leads to costs being passed on to the customer.