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According to a Harvard Business Review article, ‘Digital transformation isn’t for the faint of heart’ The unfortunate reality is that, to date, many transformation programs have failed. By definition there’s little doubt about AI’s promise in transforming procurement, however, organizations…
Procurement AI: Bridging the gap between promise to realization Read More »
A 2017 Hackett Benchmark Report stated that world-class procurement organizations accrue 35% additional cost savings leveraging digital technology. However, in the digital era, we must expand our view of strategic sourcing from its traditional single dimension of cost savings to…
Redefining Strategic Sourcing and Value in The Digital Era Read More »
Get the first peek at the results from Zycus’ annual “Pulse of Procurement” study that highlights the key trends and innovation that is reshaping the future of Procurement. The study “pulses” over 400 global procurement leaders and practitioners to find…
Pulse of Procurement 2018: Your Annual Check-up on the Prognosis for Procurement Read More »
As commonly applied, the P2P acronym is a misnomer. In most cases, “Procure-to-Pay” or P2P, should really be called “Procure-to-Ready-to-Pay.” A lot of P2P automation projects fall short when it comes to processing payments. AP teams are bogged down with…
Paying Off P2P: Closing The Purchase Through Payment Loop Read More »
Contemporary supplier management has evolved from just managing a large supplier base to acknowledging them as vital business partners, understanding them better with analytics and building efficient and compliant supplier processes. Executives in large organizations still have a lot of…
Building Blocks for a Robust Supply Chain: Balancing Supplier Performance and Risk Read More »
You have plans to digitize – or have already substantially digitized – your Procurement processes, with a goal of increasing efficiency and savings, but also to gain real visibility to the underlying process that will allow you to leverage analytics…
All In On Analytics: Running Your Procurement Organization by the Dashboard Lights Read More »
In this webcast, Hackett will share its predictions on the trends to watch which will have the biggest impact on how procurement does its job in the future. Central to this discussion will be Hackett’s new framework for digital transformation…
Five Trends Shaping the Future of Procurement Read More »
Transparency, communication, and collaboration are all critical to relationship success, especially for procurement professionals. Before you can truly communicate and collaborate openly, each stakeholder has to know both theirs as well as their partners’ objectives from a single relationship. This…
The Key to Relationship success in procurement Read More »
Compliance is a stated objective for virtually every Procurement team, and the stakes were never higher. Procurement’s role after all, is to be the steward of corporate spending on purchases that consume 50-75% of revenues. The potential negatives of non-compliant…
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