Spend Matters

FEBRUARY 13, 2025

The procurement leadership team fully supported and embraced the implementation of these new tools and their individual leadership and commitment created a lot of positive momentum and stakeholder engagement. For the third piece of tech, a contract management system, the Legal Department was a strong ally.

Influencing 103

Influencing Procurement supply chain budgeting e2e 103

Spend Matters

MAY 8, 2025

In addition to external suppliers, procurement technology affects multiple stakeholders, including finance, IT and legal teams. Early stakeholder engagement ensures that technology decisions reflect broader organizational needs and facilitates smoother adoption.

Procurement 62

Procurement Cost of ownership Stakeholder engagement Contract 62

Procurement Insights

MARCH 21, 2025

Average Cost of Abandoning a Failed ProcureTech Initiative Cost Component Typical Range Software & Licensing (sunk) $250K $2M+ (enterprise) Implementation & Consulting Fees $100K $1.5M+ Internal Labor Costs $75K $500K+ Data Migration & Cleanup $50K $300K Change Management & Training $25K $150K Opportunity Cost / Business Impact (..)

Stakeholder engagement 52

Stakeholder engagement Change management Logistics Procurement 52

Procurement Tactics

SEPTEMBER 14, 2022

Stakeholders engagement. Engaging with stakeholders allows you to identify relevant areas within your company that can generate positive and negative outcomes. . This is a systematic approach of engagement and dialogue which is crucial to plan the policies and strategies of a company correctly.

Sustainability 178

Sustainability Logistics Raw materials Supply Chain Efficiency 178

Let's Talk Supply Chain

MAY 19, 2025

30.44] A case study detailing how ProcurementIQ helped a manufacturing client, that were looking to centralize their indirect spend and build category plans that supported stakeholder recommendations and transparency, to shorten their speed to information, boosting stakeholder engagement and supporting the team to increase efficiency.

Purchasing 52

Purchasing Supply Chain Efficiency Data Agile and Lean Supply Chain 52

Procurement Insights

MAY 21, 2025

EDITOR’S NOTE: Today is the promised follow-up to the May 18th “ Do We Really Need To Reinvent Procurement Versus Finally Understanding Procurement? ” post regarding the recent Ardent Partners webinar. To start, I thought it was a well-structured webinar, adroitly delivered.

supply chain budgeting 80

supply chain budgeting Budget Procurement Sourcing 80

Procurement Heads

APRIL 27, 2023

Collaboration and stakeholder engagement are much-used terms within procurement teams. How are these skills useful and applied in wider roles? I think collaboration is key for all functions across companies, especially in global organisations that often have matrix structures.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Heads

APRIL 27, 2023

Collaboration and stakeholder engagement are much-used terms within procurement teams. How are these skills useful and applied in wider roles? I think collaboration is key for all functions across companies, especially in global organisations that often have matrix structures.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Future Purchasing

NOVEMBER 18, 2021

In some respects, business partnering has become the natural progression for Procurement teams to move from their traditional stakeholder engagement approach to a more sophisticated deeply embedded relationship status that identifies greater value for its stakeholder community.

Stakeholder engagement 52

Stakeholder engagement Procurement Procurement team Influencing 52

Spend Matters

NOVEMBER 21, 2023

Last month, I presented at a customer advisory board (CAB) session that Fairmarkit invited me to join to present on stakeholder engagement and alignment.

Strategy 113

Strategy Bidding Sourcing Stakeholder engagement 113

Spend Matters

APRIL 30, 2025

Procurement must evolve into an Orchestrator of Value by building capabilities that support cross-functional collaboration, stakeholder engagement and integrated value delivery. Deloittes study reinforces this (Figure 1).

Suppliers 78

Suppliers Management Real-time Visibility Agile and Lean Supply Chain 78

Procurement Insights

MARCH 2, 2024

Pratt (Tech Target) The Bottom Three IT Budget Priorities Cloud Services – Allocation for cloud services and platforms Data Services – Data analytics, Business insights, Monetizing data to enhance metrics, improve customer experiences, support the overall business Artificial Intelligence (AI) – Deploy AI machine learning, Automating (..)

Budget 81

Budget Stakeholder engagement Project management Sourcing 81

Procurement Heads

DECEMBER 5, 2022

Being very very commercial is key but with the kind of organisation we are there is a lot of stakeholder engagement, so we are going to need someone who is very good at engaging with operational people, helping them understand the benefits of what we are trying to do. . What skillset and personality traits are you looking for?

Contract management 130

Contract management Contract Stakeholder engagement Procurement 130

Jaggaer

FEBRUARY 5, 2025

Stakeholder Engagement – Present your supplier portfolio to stakeholders (decision-makers and influencers) from the relevant business functions. Analysis should be focused on risks and opportunities while factoring in all costs and sources of added value. Draw up a portfolio of suppliers incumbents and alternatives.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Procurement Templates

FEBRUARY 19, 2024

Methodology and approach to organization design, including stakeholder engagement and change management. References from previous clients attesting to the consultancy firm’s track record of successful engagements. Understanding of [your organization]’s industry, challenges, and strategic objectives.

Budget 130

Budget Change management Stakeholder engagement Collaboration 130

Barkers Procurement

JANUARY 8, 2023

To manage categories successfully, you should respect several major principles of the practice: cross functional working, the use of facts and data, a strong supply market knowledge, open-ness to change and stakeholder engagement. When developing your category management strategy , you must have a comprehensive team of stakeholders.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

Procurement Insights

APRIL 14, 2025

This approach has encouraged procurement professionals to focus on solving underlying problems through comprehensive analysis and stakeholder engagement, leading to more sustainable and effective procurement solutions.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Influencing Procurement strategies 52

Procurement Insights

APRIL 9, 2025

Stakeholder Collaboration Issues : Non-procurement teams often bypass procurement processes due to their complexity or inefficiency, leading to maverick spend and compliance risks 3. Equation-based models do not inherently address these friction points, limiting their ability to improve stakeholder engagement 3 4.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Agile and Lean Supply Chain 52

Procurement Templates

MARCH 3, 2024

Stakeholder Engagement : It’s important to involve relevant stakeholders in the assessment process to ensure that their needs and preferences are considered. Stakeholders may include department heads, end-users, finance teams, and others who will be impacted by the procurement decisions.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Jaggaer

MAY 21, 2025

Stakeholder engagement is crucial to ensure a balanced view, involving internal and external insights. Impact Materiality involves assessing how their operations affect people and the environment. This assessment captures both positive and negative impactssuch as emissions, resource use, and social effectsthroughout the value chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Sustainability Supply chain Risk 52

Spend Matters

JULY 24, 2023

In terms of technology architecture, the report offers in-depth accounts of a number of use cases, including: Active/strategic stakeholder engagement beyond tactical intake management. Ruthless automation of P2P and supply chain execution supporting an autonomous driverless organization.

supply chain budgeting 98

supply chain budgeting Budget Agile and Lean Supply Chain Risk 98

Skill Dynamics

SEPTEMBER 22, 2022

Stakeholder engagement is also an important aspect of the job and a key challenge today. Internal recruitment ensures that stakeholder engagement is prioritized as the employee is committed to the company and its goals.

Procurement 52

Procurement Stakeholder engagement Negotiation Contract 52

SupplyShift

JANUARY 26, 2023

Companies can use this assessment to analyze their suppliers` risk profiles.

supply chain software solutions 52

supply chain software solutions Supply chain Stakeholder engagement Supply 52

Supply Chain Trend

OCTOBER 14, 2016

The NPS is a powerful approach, however I will always suggest to ask more than one question to measure S&OP stakeholder engagement during an S&OP journey. Coach for Vision and Culture: How likely is it that you will actively display effective behaviours with the intent to influence our culture?

supply chain budgeting 84

supply chain budgeting Supply Chain Efficiency Influencing Stakeholder engagement 84

Procurement Templates

SEPTEMBER 14, 2023

Stakeholder Engagement : Community Engagement : Assess how suppliers engage with and contribute to local communities, supporting social and environmental well-being. Case Studies : Ask suppliers to provide case studies or success stories related to their sustainable initiatives and projects.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Una

OCTOBER 26, 2023

Stakeholder engagement The procurement function can’t shift the dial on ESG alone. Cultivate relationships within your professional network to enhance your stakeholder engagement abilities. This includes quantifying environmental impacts, evaluating supply chain risks, and tracking progress towards ESG goals.

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

Spend Matters

DECEMBER 13, 2023

Intake covers anything that involves stakeholder engagement, such as the creation of a contract, sourcing event, new supplier, etc. Moreover, intake from these vendors tends to skew toward purchase requisitions and procure-to-pay rather than more holistic intake management.

Management 104

Management Purchasing Stakeholder engagement Sourcing 104

The Procuretech Podcast

AUGUST 6, 2024

Despite the efficiency AI brings, it cannot replace the essential soft skills required for effective supplier management and stakeholder engagement. Category managers excel in fostering relationships, developing category strategies, and crafting compelling narratives around data to engage stakeholders.

Category management 40

Category management Management Stakeholder engagement Contract management 40

ivalua

DECEMBER 6, 2022

With so many stakeholders engaged in the P2P process, one function must take the lead in preventing functional sub-optimization. We strongly recommend starting at the top where the CFO and CPO together sign-off and launch the policy to executive management after which communication is cascaded top down through the organization.

e2e 130

e2e Suppliers Procurement Contract 130

Una

JANUARY 9, 2023

This can’t be overstated; having a project management system in place to help you track stakeholder engagement and project execution will go a long way towards creating a positive change for the organization. . Informed: the executive(s) who maybe isn’t involved, but you need to inform about project progress.

Management 97

Management Spend management Purchasing Procurement team 97

Barkers Procurement

JANUARY 4, 2023

Throughout the assignment, stakeholder engagement was key. Meetings with senior ICT members were held weekly to update on the progress of each project, along with weekly Procurement team meetings with the Chief Finance Officer, building awareness and securing engagement.

Procurement 52

Procurement Category management Project management Stakeholder engagement 52

Barkers Procurement

APRIL 10, 2025

Leaders who keep their teams focused on procurement best practice including strategy, stakeholder engagement and supplier relationships, can empower their functions to be true warriors for climate change. The best way to meet the publics expectations is to be as agile and resilient as possible.

Procurement 52

Procurement Procurement team supply chain budgeting Stakeholder engagement 52

Procurement Software

SEPTEMBER 24, 2024

While routine and transactional tasks will continue to be automated, strategic thinking and stakeholder engagement will remain key areas where human input is invaluable. Conclusion: The Human Element is Here to Stay The future of procurement automation is exciting, but it won’t make human roles obsolete—at least not anytime soon.

Procurement 52

Procurement Supplier relationship management Bidding Contract 52

Procurement Heads

APRIL 5, 2023

So, they had created this whole business case, and they started talking about what was possible from a procurement perspective but had missed the whole point about stakeholder engagement and business requirements going forward.

Procurement 130

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Collaboration 130

Procurement Heads

APRIL 5, 2023

So, they had created this whole business case, and they started talking about what was possible from a procurement perspective but had missed the whole point about stakeholder engagement and business requirements going forward.

Procurement 130

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Collaboration 130

Procurement Insights

SEPTEMBER 6, 2024

What this means is that intake and orchestration – or as we called it a couple of decades ago, “stakeholder engagement within a Metaprise” is driven by empowering people to communicate and collaborate in a decentralized world on a real-time basis.

Stakeholder engagement 64

Stakeholder engagement Procurement Contract Collaboration 64

The Procuretech Podcast

OCTOBER 10, 2023

Throughout the episode, the importance of effective change management and stakeholder engagement in procurement is underscored, emphasising the need for improved strategies and communication in the field. Timestamps: [00:01:52] Digital Procurement 101. [00:06:18] 00:06:18] Change management and communication. [00:09:13]

supply chain software solutions 40

supply chain software solutions Stakeholder engagement supply chain budgeting Supply Chain Efficiency 40