Procurement teams are notoriously task-focused...heads down, applying spend management best practices to deliver sustainable, measurable business value...but they rarely focus on communicating...
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The goal of every P2P (Procure-to-Pay) initiative is to achieve compliance: compliant purchases from approved vendors at contracted prices, following a compliant buy/pay approval process....
Just as “wearable” technology has come into vogue as a way to constantly monitor the vital signs of our own personal health, procurement organizations need visibility in to the real-time...
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...
In the age of Big Data, when powerful analytical tools enable increasingly minute and granular data analysis, it is important not to lose sight of the "metrics that matter" - the top 10 leading...
There is a new "Digital Divide" in the world of Procurement - a chasm between "world-class" organizations proactively leveraging transformational digital technologies to increase agility, enhance...
Compliance is a stated objective for virtually every Procurement team, and the stakes have never been higher. The potential negatives of non-compliant spending or procurement practices on a...
Zycus
Procurement organizations are evolving from cost centers - or even shared services centers - to be measured as true “profit centers” that are accountable to...
Digital Transformation of Procurement is, as they say, a journey. Before embarking on the journey - or even while in transit - it is important to have a vision for the ultimate destination and a...
Nearly every Procurement organization is either formulating or actively implementing a Digital Transformation strategy for Source-to-Pay processes. But which strategies are most effective in...