POVs for sourcing expertise

Innovation in Procurement & Sourcing

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Innovation in Procurement & Sourcing

"84% of executives believe innovation is critical to success"

So, what is Innovation?  - Innovation is the commercially viable implementation of creative ideas.  Who is best positioned to lead innovation?  - Your Business.
But driving innovation by going it alone can distract from core business, limit creativity and diminish ROI.

Your internal business is most likely to fund the innovation, it is your business where the benefits of innovation could be realized, measured and reported.  Hence, being more than two degrees away from your business could limit success of an innovation program in Procurement. 

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Procurement outsourcing - Mitigating risks and measuring success

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Procurement outsourcing - mitigating risks and measuring success

Procurement outsourcing offers companies the ability to focus on their core competencies, gain access to leading external capabilities in non-core activities, and gain greater control over reporting and compliance. Procurement outsourcing can ultimately improve the overall level of procurement performance and results across defined categories and activities without making large infrastructure investments. Although, this appears to be a go-to strategy, understanding the risks and measuring the success of any procurement outsourcing program is essential. 

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Augment and accelerate sourcing savings

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Augment and accelerate sourcing savings

"Organizations face a constant and tough balance between exceeding Customers expectations, and the tools and resources needed to make it happen."

Speed to market is critical and custom solutions essential to Delight Customers.  Your procurement program and sourcing agenda have a direct impact on that balance.  To meet Customer demand, dynamic organizations rely on agility and flexibility in their procurement program to deliver projects faster, better and cheaper.

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Spend analysis for sourcing practitioners, by sourcing practitioners

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Spend analysis for sourcing practitioners, by sourcing practitioners

 

Coming fresh from a conference of procurement practitioners, I couldn’t stop but deeply reflect upon my own experience of spend analysis  - a critical capability for procurement  functions - the misconceptions and the hype around it. The application of spend analysis and how / why practitioners use it has evolved during past few years but unfortunately the way it is sold - has not!
Well, I say this- because after spending more than three decades in corporate procurement working with one of the largest and global leader in technology and media business, having personally sourced and led full life-cycle management of spend in excess of 50 billion US$ across the full spectrum of Indirect spend and commodities - I have come to realize that the way spend analysis is sold even today is so out of context to what the sourcing and procurement practitioners really need!

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