A CPO's complete reference guide to sustainable performance improvement through strategic sourcing and procurement management.
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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...
Organizations are increasingly outsourcing the management of contingent labor to a third party provider. It is not uncommon in today's enterprise business to spend upwards of half a billion to one...
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....
For over 725 procurement professionals surveyed as part of a far-reaching, annual benchmarking study on “The Pulse of Procurement 2017,” just released by Zycus, the mandate for 2017 is to take...
For most companies the traditional procurement model is no longer sufficient, and operating with those tenets will not bring optimal results. The non-employee labor industry is changing,...
With the advent of Big Data and sophisticated tools, it is now possible for procurement professionals to study granular data, including dashboards that are customized for individual users. However...
50% or more of a company's total purchases are accounted to indirect spend. These spend are characterized by large supplier base, low volume purchases and a diverse stakeholder base throughout the...
When it comes to key performance metrics, the top performing organizations are distancing themselves from the rest of the market; especially in terms of efficient requisition-to-order processes....
The journey towards a Source-to-Pay (S2P) transformation has the potential for tremendous efficiencies en route and benefits upon arrival at the destination of a more strategic and effective...