In our prior posts, we discussed how to understand the business culture, stakeholders, and how to assess your procurement organization’s maturity. Now that you have these understandings, you can begin to manage the communications, business expectations, and change management necessary for your procurement strategy.
Author: Jordan Jansen
Blog Series: Playbook for New CPOs – Part Two
The key question that you must answer in your assessment is what are the specific gaps within your organization and from what maturity level (Beginner to Best in Class) are you starting?
Blog Series: Playbook for New CPOs – Part One
Congratulations, you find yourself in a new role leading a procurement organization. Whether you are a career-long procurement and supply chain professional, or are from finance or a business unit discipline, this can seem like a daunting opportunity and you may be asking yourself, “where do I begin”?
How Procurement Impacts EBITDA Initiatives for Private Equity Firms
Procurement transformation and utilization is a significant EBITDA improvement initiative for Private Equity (PE) firms.
Recognizing Procurement Savings: The Procurement & Finance Partnership
How does Procurement ensure all savings are recognized by Finance? This is an on-going question of procurement organizations who are trying to validate the worth of their activity to the broader organization.
5 Easy Procurement Negotiation & Savings Tactics in a Downturn
Executive Insights Companies are aggressively looking for tactics to reduce costs and unlock savings on all their indirect and direct purchases and to more effectively manage their cash flow in procurement. Declining market demand and over-capacity is driving finished product manufacturers to put price pressure on their suppliers. They too must then re-negotiate contracts with … Read More
How to Unlock Supplier Data for Remarkable 90-Day Impact
Now more than ever, companies need actionable insights from their data to improve performance in every part of the organization and to help weather Covid-19 and all its economic impacts.
How Procurement Must Lead Through the Coronavirus Recession
Procurement leaders must urgently spearhead a campaign to help their businesses endure the coronavirus recession and lay a solid foundation that maximizes future business opportunities. This article outlines how procurement teams can formulate effective Cash Management, Supplier Management, Risk Management, and Spend Management Strategies that help mitigate the effects of this (or any future) crisis. … Read More