Six Time-Wasters in Procurement

June 18, 2018By Niki ParekhProcurement, Tips
Could your team use another hand or a few extra hours in the day? It’s easy to feel understaffed in procurement, but maybe more help isn’t the answer: the Hackett Group found that world class procurement departments have 27% fewer employees. Using Time More Wisely Smaller teams and better results? Perhaps they’ve managed to escape [...]

Three things CPOs should stop doing… NOW.

June 11, 2018By Niki ParekhProcurement, Tips
Three things CPOs should stop doing… NOW. Every sourcing team has limited bandwidth, and a Chief Procurement Officer’s work is never done. So it’s worth examining what is NOT required of the job. As procurement’s role becomes more strategic and AI tools enter the daily life of sourcing professionals, avoiding the wrong activities can be [...]

Why Procurement’s Future is in the Long Tail

May 7, 2018By Jack QuarlesProcurement

Why Procurement’s Future is in the Long Tail There may be no better example of the 80/20 rule than company expenses. List a firm’s vendors and the amount spent with each, sorted from largest to smallest, and there’s a good chance that the top 20% of vendors will represent at least 80% of the expenses. … Read More