Spotlight Content

Sustainable Procurement Barometer 2021

Developed jointly by EcoVadis and the Value Chain Innovation Initiative at Stanford Graduate School of Business, the Sustainable Procurement Barometer 2021 provides critical insights into the growing recognition that sustainable procurement is fundamental to building resilience throughout organizations and supply chains, mitigating risk and driving results.

PROCUREMENT IN THE SPOTLIGHT: A NEW AGENDA FOR A NEW ERA

Now is the time for procurement to seize the stage. Learn how to position procurement as a strategic business partner while setting your team up for success against future uncertainty.

Procurement leaders gained significant political capital within their organizations thanks to their extraordinary efforts managing recent disruptions.

CPOs now stand at an important crossroads with a significant opportunity to make step-change improvements across today’s new procurement agenda. Focusing on breaking down silos allows for smarter procurement strategies that drive innovation, increase agility, and deliver on board-level initiatives—such as Environmental, Social, and Governance issues.

Read this eBook to:

  • Explore the five components of today's new procurement agenda
  • Dive into the challenges posed by siloed approaches and how Business Spend Management can help
  • Understand why now is the time to capitalize on procurement's proven value

 

 

Using Data Analytics to Manage GNFR Expenses and Improve Profitability

Uncovering potential savings in GNFR (goods not for resale) expense has become increasingly important, as many US retail and CPG companies have encountered constrained profit margins as a result of the Covid-19 pandemic. In this report, we explore the profit improvement potential offered by GNFR, leveraging proprietary survey findings. We also discuss how services and technology solution providers can help businesses reduce GNFR expense through improved access to data analytics and automation.

Smart Solutions for Agile Procurement

Today’s most successful businesses operate in a hyperconnected world. At any time, an unexpected event anywhere in the world may impact an agreement and require a company to adjust quickly. Modern AI-powered agreement tools help procurement teams evaluate a broad base of contracts to identify risks, pinpoint opportunities for cost savings and provide rapid responses to sudden changes to the company’s ecosystem.

This whitepaper provides an overview of procurement challenges and presents an opportunity for today’s most ambitious teams to get ahead with smarter tools. In it, you’ll find sections discussing:

  • Common challenges in modern agreement workflows
  • Centralized document storage to simplify contract location & analysis
  • Intelligent tools that can utilize AI to simplify the review of incoming and existing contracts.
GEP Spend Category Outlook 2021

For business spend management and supply chain professionals, 2021 will be unique in many ways.

While the impacts of last year’s disruption will continue to present several challenges, there will also be many opportunities.

What are these opportunities? And how can you make the most of them?

The GEP Spend Category Outlook 2021 report reveals global megatrends that will drive spend management and supply chain strategies this year and beyond. The report includes critical market intelligence and insights for key direct and indirect categories to help you make informed spend management and supply chain decisions.

It’s a must-read report for all sourcing and procurement professionals, category managers, and supply chain leaders. Read today to plan and prepare for success in 2021.

Author information:
David Doran
Vice President, Consulting
David has over 20 years of experience in leading several large-scale consulting and sourcing engagements for transport and logistics at Fortune 500 companies.

A recognized leader in supply chain management and logistics, David plays a critical role in the design, sourcing and implementation of supply chain improvements to GEP’s global clients.

Digital Disruption in Sourcing and Procurement

Procurement teams are often forced to rely on manual efforts or Business Process Outsourcing (BPO) to manage processes. Things like order-to-invoice matching can stave off value-leakage from bills that have incorrect rates, services not consumed, expenses out of policy and the list goes on. With intelligent automation, sourcing and procurement teams can take back these functions while reducing the amount of time their teams spend on these processes.

This whitepaper, authored by industry veterans Lawrence Kane and Canda Rozier, provides easy-to-understand examples and use cases that show you how automation can raise the bar for the enterprise without being a data scientist or intelligent automation expert to realize the benefits.