The most game-changing knowledge lies in the realm of things you don’t know you don’t know: Value of dark data – breaking through procurement’s final frontier Understanding Your Dark Knowledge Universe Value of dark data: breaking through procurements final frontier – momentarily consider that you don’t know most things. With data growing at an exponential rate and spend management becoming … Read More
Develop a Procurement Analytics Strategy
Procurement Analytics Part 3: Beyond simple spend data towards strategic decisions Develop a Procurement Analytics Strategy: In part 2 we discussed the challenges and maturity levels in Procurement Analytics capability. Here in the final part in this series we discuss how to apply Procurement Analytics strategically. 1. Introduction The primary function of procurement analytics tools is to support improvement strategies. … Read More
Procurement Analytics Maturity Matters
Part 2: Procurement Analytics Maturity Matters: Beyond simple spend data towards strategic decisions and value In our previous post, we discussed the business case for Procurement Analytics. Here in this post we discuss the why Procurement Analytics Maturity Matters and the challenges and maturity levels in building Procurement Analytics capability. 1. Procurement Analytics Maturity Matters Companies are competing on analytics … Read More
Procurement Analytics: Beyond simple spend data towards strategic decisions and value
Organizations of all sizes and in all sectors need Procurement Analytics Here in the first of a series of post we discuss the business case for Procurement Analytics and how and where to apply it to support your organizations goals and objectives. 1. Introduction There is always room for improvement and expansion of procurements value proposition at global companies. However, … Read More
How to prepare procurement for true stakeholder buy-in and real transformation
Organizational alignment holds the key to the boardroom door How to prepare procurement for true stakeholder buy-in: Whether you are a new CPO hired to transform procurement or an existing CPO looking to get true stakeholder buy-in, aligning procurement with the organization will be key to your success. 1. Preparation & Readiness Most CPO’s will understand the strategy to transform … Read More
Reduce hiring errors with procurement skills assessments
Reduce hiring errors with procurement skills assessments Reduce hiring errors with procurement skills assessments: Hiring the wrong candidate can be expensive. There are not just the headline costs of advertising and agencies; but also the hidden costs of time to hire, induction and training, attrition costs for early leavers, the ramp up time to be productive. An Oxford Economics report … Read More
Procurement capability and operating model
Is your procurement function set up for success? Procurement capability and operating model: Many procurement teams operate under an informal mandate that does not clearly articulate their accountability. In the absence of a capability model, the procurement function is fundamentally limited in its effectiveness. This is why we developed the CPP Procurement Capability Model: 1. Procurement capability and operating model … Read More
Creating e-Sourcing Strategies for successful e-Auctions
Creating e-Sourcing Strategies for successful e-Auctions Creating e-Sourcing Strategies for successful e-Auctions: We guide you the issues to assist procurement professionals work through the key issues in determining their e-Sourcing Strategy. Compared to the actual running of the Event, picking a suitable category and how to engage the market can be one of the most challenging decisions. Reverse auctions can … Read More
Strategies for Procurement Transformation
Part 1: Strategies for Procurement Transformation: Category Management is a benchmark of procurement best practice and typically at the heart of any procurement transformation. Category Management as an Integrated Business Process Category Management, is one of several elements that need to be integrated and applied business-wide to achieve and sustain success. Category Management links strategic sourcing to the business strategy … Read More
O Superman: Procurements Kryptonite
Procurement needs a strong mandate not super developed soft skills Not a week goes by without a talent shortage headline resulting in a great deal of noise regarding the profile of the modern procurement skill set. Here we make the case for CPO’s to focus on securing a strong mandate. The focus on soft skills A common criticism is a … Read More