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Procurement Challenges and their Solutions in 2019 [Interview]

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Tuesday, January 17, 2017

Five Critical Steps To Lowering Costs Of Purchases

Procurement objectives can be simple or complex; it really just depends on an organization's structure and business type. That being said, a common objective always seems to touch on the concept of lowering costs. This is because, at the end of the day, managers want the same thing: to continue[...]
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Tuesday, December 27, 2016

What's Driving The Disconnect Between Procurement & Finance?

You're about to drive to a doctor's appointment but first you need to put gas in the car. Unfortunately, the only gas stations are located far outside the city. As a consequence of this, you barely manage to make it to the gas station. Later that evening you can't figure out why the attendant at[...]
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Wednesday, October 19, 2016

Is Your Purchasing Software Worthy of a Gold Medal?

As the Olympic Torch burns at the 2016 Games in Rio, thoughts have ignited with just as much fervor in the minds of CPOs. For a couple of weeks in August, agile bodies perform athletic feats that leave the rest of the population chugging litres of coconut water and balancing on Bosu balls in[...]
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Tuesday, September 13, 2016

5 Unexpected Ways Your Job Will Change With Procurement Software

Let's be honest. All it takes is a quick Google search about the benefits of procurement software and you'll never need to go hunting for these advantages again. This is mainly due to the fact that the same benefits keep appearing, repeated again and again, ad nauseam. You probably already know[...]
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Wednesday, August 24, 2016

Does the Status Quo Need To Leave Procurement Alone?

Here's a situation: you willingly line-up inside a large, official-looking building. You'll soon be methodically placing your personal items in a bin and taking off your shoes, belt, and other accessories. You're not shocked to see fellow line members being touched, repeatedly, by grumpy-faced[...]
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Thursday, July 14, 2016

The Power of Automated Spend Analytics in Procurement

The intersection of technology and finance is becoming increasingly packed with people, and they're not all accountants, data analysts, and IT-savvy Wall Street brokers. With the advent of virtual wallets, central banks breaking into blockchain technology, paper-free deposit systems at major[...]
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Monday, July 4, 2016

The Top 6 Warnings Signs of Unethical Suppliers

  "Dearest Wolf Fur Coat SuppliesTM, what high prices you have!""All the better to deliver you a quality product, my sweet CPO." "But My Dear WFCS, what a lack of documentation you have!""All the better to draft a customized contract just for you, my lil' darling." "BUT WFCS, look at how you've[...]
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Wednesday, June 22, 2016

The Nature of Procurement: Variations in Buyer Requirements

It's easy to consider procurement as a function that remains relatively unchanged from company to company. You could assemble a ragtag sampling of CPOs from a variety of industries and expect to hear the same stories about requisitions gone awry, supplier innovation (or lack thereof), and the[...]
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Wednesday, June 15, 2016

5 Traps To Avoid In The Battle For Optimal Procurement

The procurement process can occasionally feel like a stroll through a field of landmines. It's possible to get from Point A to Point B in one piece, but without adequate planning it's far more likely that the result will be a bloody mess and lost limbs (of the business, of course).
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