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8 Reasons to Join a Group Purchasing Organization

Una

8 No-Brainer Reasons to Join a Group Purchasing Organization. 8 Reasons to join a group purchasing organization. We may be biased, but we’d like to add one more important no-brainer to this list: joining a group purchasing organization (GPO). By Hugo Britt | December 6, 2022. Here’s why.

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5 New Year’s Resolutions for Procurement

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Resources to help: Tips for Building an Effective Procurement Data Strategy. Instead of creating a resolution along the lines of “ eliminating maverick spend ”, how about you hug a maverick instead? Identify your serial mavericks – those who consistently purchase without following procurement policy – and approach them for a chat.

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Managing Tail Spend to Avoid “Porcelain Dalmatians”

Una

Managing Tail Spend to Avoid "Porcelain Dalmatians". 5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team.

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5 New Year’s Resolutions for Procurement

Una

Resources to help: How to Improve Procurement Efficiency 5 Essential Technology Solutions for Businesses Tips for Building an Effective Procurement Data Strategy 29 Questions To Ask In A Voice Of Supplier Survey 2. By Hugo Britt | January 2, 2024 Search Search It’s the start of a brand new year! Here are some tips for getting started.

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Strategic Sourcing for SMEs

Una

By Hugo Britt | August 31, 2023 Search Search Is being “strategic” something that is only reserved for large organizations with well-resourced procurement teams? With limited resources, time, and purchasing power, every decision needs to be well-planned and supported by data.

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Three Steps for Making an Impact When Starting a New Procurement Role

Una

There’s never been a focus on indirect spend, but the CFO knows that it’s fast becoming an urgent issue. Step 1: Gain visibility of spend data. Invest in a centralized e-procurement system, get people using it , then launch a discovery process to locate, clean up, and import past purchasing data into the system.

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Elements of a Diversified Procurement Strategy

Una

Traditional means of creating value include things like managing contracts with preferred suppliers , controlling maverick spend, and minimizing warehouse costs. Focusing on sustainability and partnering with a GPO can lead to greater cost reduction and better spend management, as well.