Trends like the Industrial Internet of Things (IIoT) and rapidly expanding software defined service processes are driving changes Read More
According to a recent NAPCP and Accenture survey, supplier acceptance of card payments has increased since 2009 across spend categories, with significant growth since 2013 in major categories Read More
According to a recent Hackett Group research study, 95% of procurement executives indicate that digital transformation will change the way procurement services are delivered within the next two years. The percentage of organizations with Read More
The potential for blockchain in the supply chain is great, but many organizations have not yet made the investment Read More
Not able to attend the ISM conference this year? My Purchasing Center met with exhibitors like Jim Brozny of Fieldglass at the show where he demonstrated an application that helps automate the procurement process for non-employee workers.
What's happening on the show floor at the ISM conference? My Purchasing Center interviews Adam Stewart of exhibitor SciQuest on the company's source-to-settle solution and its new user interface. He calls it "simple and sleek".
David S. Yin
Procurement, like any other corporate function, is valued by its contribution to the company’s bottom line. In recent years, procurement has gained greater prominence as companies emphasize cost-cutting as a principal way of improving margins. However, the value that procurement brings is much more than just a function of balance sheet cost savings, which is often overlooked by CFOs and others Read More
According to new benchmarking research by The Hackett Group, world-class procurement organizations have lower operating costs and operate with smaller teams while generating more than twice the return on investment than typical companies. Still, they must find new ways to continue to add value. Read More
Harnessing the power of big data is leading to greater opportunities for companies to predict market trends, spending, consumer behavior and supply chain needs. This type of data mining is known as predictive analytics, and it can change the way you make business decisions. Read More
Nikita Saharia Chaturvedi
“Procurement is not only being asked to find new and creative ways to drive improvements to the corporate bottom line, but also to help manage the growing risk that can negatively impact the company,” says Lloyd Alexander, Vice President of Contract Strategy at Seal Software in a podcast interview at My Purchasing Center. Read More
Safety must be a top priority in any workplace. As an employer, it is your responsibility to manage and maintain a safe and healthy workplace for your employees and visitors. However, managing compliance, keeping OSHA logs and documenting audits for the work environment can be cumbersome tasks. With…
A successful sourcing strategy means that companies like yours should consolidate spend for better visibility and track savings to the bottom line. Read this article to learn about the six key steps to achieving sourcing excellence.
Large corporations perform supplier governance for strategic services in silos – segregated by department, contract, geography or type of service. Where governance processes exist, they are largely manual, often performed by poorly trained and insufficient staff through various incompatible systems,…
Due to funding constraints, fast-paced business environments, and ever-evolving procurement needs, a one-size-fits-all approach to deploying and managing best-in-class procurement capabilities. Read how to deliver a successful deployment strategy that aligns with business needs.