While Procure-to-Pay (P2P) automation technology has been around for almost two decades now, very few standard approaches, processes and/or clear best-in-class performance benchmarks have emerged...
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Recent statistics show that companies with existing supplier diversity programs report increased profitability – sometimes as high as a 133% return on procurement investments. The respected track...
The Request for Proposal process is an integral component to modern day sourcing. However, the RFP framework was created over a century ago, limited by paper communication. Despite technological...
Just like running an employee background check, mitigating supplier risk requires proactive and intentional vetting. The same concept applies for even more complex, multi-tiered supply chains....
Though many organizations are aware of and will mitigate business risks, procurement as a risk control function is often overlooked. Specifically, SRM (Supplier Relationship Management) is a key...
In the global supply chain landscape, threats to cyber-security are increasing exponentially. Fortune 500 companies have had sensitive information leaked because hackers have targeted...
Perhaps the most infamous phrase of our pandemic affected world is "the new normal" (followed by "you're on mute"). Another phrase added to the average lexicon, "supply chain risk." Everyone from...
Digital transformation of the Procurement lifecycle is a requirement for the success of our functions, bringing visibility to inefficiencies and lack of digitization and blowing the door wide open...