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Jason Bailey's Blog Posts Tagged 'spend' (5)

A Modern Approach to Supplier Monitoring

By Matt Holzapfel, procurement/sourcing product lead at Tamr

Sourcing managers often pride themselves on their deep understanding of their suppliers, but as supplier count grows, it becomes almost impossible for managers to stay up-to-date on the health and activities of all their suppliers. Compounding the problem is the constantly growing amount of information being pushed to managers. A new approach is needed that allows managers to focus their energy on…

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Added by Jason Bailey on January 18, 2016 at 2:30pm — No Comments

It’s time for procurement to become a team sport

By Matt Holzapfel, procurement/sourcing product lead at Tamr

The business case for almost every merger and acquisition includes an assumption of significant cost savings. Unfortunately, achieving these cost savings is often harder than anticipated, which is one reason why 70-90% of mergers and acquisitions fail.

These numbers highlight the challenge of merging the…

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Added by Jason Bailey on January 18, 2016 at 2:29pm — No Comments

Increase spend under management, increase savings

By Matt Holzapfel, procurement/sourcing product lead at Tamr

Our previous post discussed the challenges procurement must overcome to improve its productivity. Fortunately, overcoming these challenges and showing dramatic improvements in performance is within reach for most organizations. One specific opportunity is improving spend under management, an effort worth a potential…

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Added by Jason Bailey on January 8, 2016 at 3:28pm — No Comments

Three Reasons for Procurement's Slump

By Matt Holzapfel, procurement/sourcing product lead, who previously held positions in Strategy at Sears Holdings and Strategic Sourcing at Dell

Best-in-class procurement performers are quietly becoming a competitive advantage for their organizations by using new technology to capture hard to find improvement opportunities. In this series of blog posts, we’ll examine the value procurement organizations are gaining by accelerating their technology agenda.…

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Added by Jason Bailey on January 7, 2016 at 9:18am — No Comments

Eliminating the Data Bottleneck in Procurement

Written by Adrienne Cochrane

Historically, despite its potential to gain a more strategic role in the organization, procurement does not manage even 50% of enterprise spending (according to KPMG). Why is that?

Procurement teams tend to focus on the largest and inherently visible costs, where their…

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Added by Jason Bailey on January 7, 2016 at 9:00am — No Comments

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