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Making a smart investment decision while acquiring sourcing and procurement technologies is never easy. There are a lot of fears, uncertainty and doubts (FUDS) about multiple issues, some needlessly planted by vendors themselves. In this paper we focus our attention on a critical issue i.e. the choice of a software delivery platform that works best for you: Software delivered as a service or on-premise solution. Should you place your bets on SaaS? Find out for yourself what works now.
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MRO is, by its very nature, a complex mix of products and services. The procurement of MRO is further complicated by user preference (of parts and suppliers) and emotional attachment to their incumbents. In this white paper you will learn how a successful MRO sourcing process can deliver big dividends for the organization. Why it is a well worth the effort to invest the time and effort to “do it right”.
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Facilities and its related support services represent a large cost in most companies. The optimization of these services can make a huge impact on a company’s financial results. The adoption of firm-wide standards and processes combined with strategic sourcing as well as the use of outsourcing vendors for non-strategic facilities services are key elements in the pursuit of cost effectiveness and process optimization. Trends include higher quality service delivery at lower cost, the increased application of automation technology, and outsourcing benefits and related gains in skills and domain expertise.
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Successful procurement transformation is all about making the right turns at the right time, to deliver anticipated value on time.
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Simplifying Technology is a compelling vision for the procurement organization of the future. Challenged by issues of slow adoption, lack of resources and perennial technology bottlenecks, procurement leaders are re-defining their search for the right solution. Find out why 'simplifying technology' may be a smarter alternative to the conventional approach.
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Many enterprises are taking considerable interest in procurement BPO because of its ability to impart two key benefits -- cost reduction and value creation -- two factors which are highly desirable in today’s business environment. Procurement outsourcing facilitates the reduction of operational costs and also has the ability to impact third-party expenditures, in addition to operational expenses. By virtue of the quick pay-back period associated with procurement outsourcing, the value proposition for these initiatives is fairly compelling.
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Companies are increasingly looking at e-sourcing and reverse auctions as a means by which to reduce their procurement expenses and provide bottom line savings to the organization in a relatively short time. However, this has sometimes led to resistance among suppliers who believe that e-sourcing results in commoditization of goods and services, lack of appreciation of value-added services, and in negative impacts on buyer-supplier relationships. This presentation discusses the likely impacts of e-sourcing and reverse auctions on supplier relationships. It also presents short and long-term strategies to both buyers and suppliers to minimize costs and maximize collaboration / benefits.
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Over the last few years, many corporations have successfully implemented revolutionary eSourcing processes and tools to strengthen their strategic sourcing processes. These eSourcing efforts have aided organizations in realizing tangible and sustainable reductions in their sourcing costs. However, a major focus of these eSourcing initiatives has been primarily aimed at the goods producing sector and for product categories of direct and indirect materials. The service industry, which is a significant portion of the U.S. economy, has not yet reaped the benefits of eSourcing tools. In the tough and competitive economic environment, companies in the service industry are increasingly looking at innovative ways to reduce their operating expenses without compromising quality and service levels. This paper focuses on eSourcing tools and processes for the service industry.
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Without having access to accurate, detailed spend data, organizations are unable to effectively source quality products and services at the best possible prices. Most organizations have difficulty gaining access and control over detailed spend data because often times a) much of the data exists in the form of paper-based invoices b) electronic data is spread across multiple enterprise transaction systems and c) the captured spend data is inaccurate and improperly classified due to errors in the data entry process. Having a systematic process for Spend Analysis at regular intervals is critical for any company to achieve the most savings out of strategic sourcing . This white paper focuses on the case for spend analysis.
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As corporate procurement organizations are charged with securing products and services of the best quality and the lowest possible cost, their enterprises are counting on them to be much more than just order takers. To accomplish that, procurement organizations must develop capabilities in spend intelligence. This takes spend analysis a step further, allowing the enterprise to take what it knows from the spend data it has gathered and use it to act on forward-thinking initiatives. In other words, spend intelligence provides actionable information.
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The pressures of globalization, regulation, and cost control have widened the door for the outsourcing of procurement functions over the last several years. To answer those challenges, enterprises have acted to improve their procurement organizations skills and many wont hesitate to look outside for a third party to perform the procurement-related functions that cant be done - or at least done well - in house.
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Globalization, regulatory pressures, procurement automation, outsourcing, and supply market instability have simultaneously elevated the procurement discipline and increased supply management challenges. In response, procurement executives are moving to up skill their teams, adopt new organizational structures, and employ new supply management strategies and systems infrastructures. To better understand these trends, Aberdeen Group surveyed and interviewed procurement executives at 100 global enterprises. Our research found that procurement's role in strategic operations has increased dramatically over the past five years, with procurement not only reducing costs and ensuring supply availability but also contributing to market expansion, product innovation, and regulatory compliance.
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For Nationwide Insurance, bringing complex commercial print spend under control, a category amounting to $50 million annually, required substantial organizational and cultural change along with sophisticated tools and techniques. First, the group managing print procurement, headed by Director John Coudriet, had to change the perception of the procurement team from an "order taking operation" to equal business partners with their internal marketing customers. "We were spending 75% of our time on downstream order processing and only 25% upstream on design and sourcing - we needed to reverse that equation," said Coudriet.
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