Kearney recently published an article highlighting 10 critical technologies organizations need to adopt to protect against and prepare for more COVID disruptions in 2021. Kearney included Suplari among the list for our excellence in rapid automation in spend diagnostics.
CPO, Karoline Dygas joined Nordstrom in 2019, where, among other things, she supports all of the organization’s indirect spend. At Nordstrom, indirect spend is everything outside of the merchandise sold in the stores. Prior to Nordstrom, Dygas spent five years at Starbucks, where she led the Global Sourcing and Store Development Supply Chain, and before that she was senior director of strategic sourcing at Walgreens.
Profitability is more important than ever — and procurement leaders are more strategic than ever. Procurement is no longer just a cost center, a spender of money made by others in the enterprise. With the right tools and methodology, procurement can maximize every dollar of profit and discover every dollar of cost savings, positioning them to be critical drivers of the bottom line.
The economy looks to be improving. There are five key reasons to be optimistic for 2021: COVID-19 vaccines, rising consumer sentiment, optimistic business outlooks, rising manufacturing indices, and a reduce likelihood of a contested election. Budget conservatively, but plan to be agile for upside in 2021.
What is Spend Agility? Spend agility is the ability for enterprises to rapidly assess, predict & change spend, investments and operations strategy in real time, to capture value-creation opportunities.
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
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.
Managing cash flow, finding savings, and enforcing new spend policies are top of mind for most CFOs right now. With no end in sight to the coronavirus crisis (yet), procurement teams must prepare now for a recession. Their big challenge is to determine what should be prioritized to maximize results. Suplari is reacting quickly to customer requests to deliver fully automated insights from a customers existing ERP and financial data that identify opportunities to conserve cash, avoid large payments, negotiate better terms, and enforce new policies.
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
Procurement leaders have a unique opportunity to play a proactive role in managing risk and reducing spend to help provide much needed flexibility in this time of high uncertainty. At Suplari, we’re ready to help support procurement and finance teams as they strive to come out of this crisis stronger than ever.