Why Even Medium-Sized Companies Need P2P Software to Ensure Operational Efficiency

When SMBs launch, they tend to have informal procurement processes. This informality might work with four to five employees and a handful of customers, but it simply isn’t practical for a growing busi...

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Why is data management hard for procurement? The challenge of data combination

What is procurement data? Procurement data includes vendor data, master data, contract data, bills of material, performance data, sustainability score cards, transaction data, purchase order details, ...

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Gratitude for Another Year: Thanksgiving 2021

In my opinion, realizing you enjoy Thanksgiving more than Christmas is one of the first real signs you’ve reached adulthood. Thanksgiving has all of the food, family, and tradition without the stress ...

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Honoring the eleventh hour of the eleventh day of the eleventh month

On November 11th 1919, the United States recognized the first anniversary of the end of World War I - Armistice Day. By 1938, the day had become a national holiday. In 1954, President Dwight D. Eisenh...

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Book Review: Managing Indirect Spend: Enhancing Profitability through Strategic Sourcing (2nd Ed.)

“They all believe they are sourcing strategically; therefore, management does not see the need to provide the proper people, technology, time, and training to effectively manage spend and look for cos...

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Book Review: Profit from Procurement: Add 30% to Your Bottom Line by Breaking Down Silos

“Bad best practice is a terrible thing, because it blocks real best practice from being put in place. And it’s a remarkably common phenomenon. Many times, companies truly believe they have done all th...

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How to Drive Spend Visibility and Control in Tail Spend

Procurement organizations employ spend analytics as one of their major tools for proactively identifying savings possibilities, managing risks, and maximizing their purchasing power. Spend analys...

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A Declaration of Supply Chain Independence

Note: This article was originally post on All Things Supply Chain Every year on July 4th, the United States stops to remember and celebrate the 1776 signing of the Declaration of Independence by Congr...

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Startups, Procurement and Product Design, a Lesson for Competitors

Author: Ravindran Damodaran Editor’s note: This article is part of the MyPurchasingCenter content archive. It was originally published in 2016 and appears here without revision. Not long ago the corpo...

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Sourcing Finished Goods with Single Source Raw Materials

Author: Tinamarie Rintye, Former Project Analyst at Source One Management Services, a Corcentric Company, now the Manager of Distribution and E-commerce at Esteé Lauder Editor’s note: This a...

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This Week in Business History for March 8th: Ford Mustangs, Coke in Bottles, & the Burst of the Dot Com Bubble

“Although the world has changed a lot since 1964, the Ford Mustang has been offered every single year. In 2018, Ford crossed the 10 Million Mustang mark. The pony car is truly a design, engineering, m...

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This Week in Business History for February 8th: Introducing the Word "Robot"

“I don’t think we’re likely to see an adaptation of R.U.R. on the Hallmark Channel anytime soon, but it provides us with a valid reminder that we need to be aware of the implications of embracing tech...

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Reflecting on 25 Years of Procurement Innovation

This content was made possible through a collaboration with JAGGAER Procurement is accustomed to thriving in the midst of constant change: always maturing, evolving, and pushing towards the next bigge...

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Book Review: Bad Buying

“No industry or country is immune from bad buying; it exists in every nation in the world, and in almost every organization.” - Peter Smith, p. xi Bad Buying: How organisations waste billions through ...

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What drives the difference in direct spend management?

This content was made possible through a collaboration with SAP Procurement “Direct and indirect spend management are not the same thing, nor should they be treated as such. Anyone who ...

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From Buying Cheaper to Spending Smarter

Procurement professionals are instrumental to the success of organizations. They are accountable for innumerable initiatives ranging from solicitation to evaluation of suppliers plus everything that falls in between. Procurement has a significant impact on the organization as a whole – congealing its spot at the management roundtable.

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How to Get to Cleverer Purchasing Decisions

Effective and efficient automation of Supply management and Procurement functions can yield fruitful results. Automation facilitates supply management and procurement professionals to make wise decisions through enhanced tools and visibility. It is definitely a reliable substitute for time consuming and costly manual tasks.

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How can you be a good negotiator if you have not read the contract?

That’s the question Attorney Mark Grieco asked procurement and supply management professionals attending a member meeting of ISM-Greater Rhode Island at Banneker Industries in North Smithfield.

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Sourcing Connectivity: Managing Wireless Spend

Connectivity is at the core of the modern business. Whether your organization is comprised of one small office with 10 people or a large multinational employing thousands, it is key to find the correct connectivity mix to support your business needs. 

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An Introduction to SOW Management, Part 2

In part 1 of this series, we explained SOW management and described the common challenges currently face with it. In this post, we will describe the benefits of outsourcing SOW management to the organization as a whole and to the many individual stakeholder groups.

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