Refocusing Your Procurement Practice to Maximize Resilience and Agility
As a result of accelerating market changes and shifting industry priorities, CPOs and their organizations must deliver value beyond cost savings and operational efficiency. At the top of the CPO "must do" list is building resilience and agility in their supply chains.
But what does this entail?
In conjunction with Coupa, Sourcing Industry Group (SIG) conducted a seminal survey to gain much-needed insight into the unprecedented changes reshaping modern procurement practices. Through the responses from industry peers, this research study will provide a better understanding of the depths of the challenges you now face and the opportunities to successfully navigate said challenges through an Assess, Measure, Implement framework.
Bridging the Gap between Procurement & Finance
Why a Robust Partnership is Essential to the Health of the Enterprise
The shift to remote or hybrid work brought on by the pandemic has made it very clear that strong internal collaboration is essential to every business. For procurement teams, the pandemic has heightened the urgency to partner with finance, and in particular, the accounts payable (AP) team.
Supply management systems, which automate the full Source-to-Settle process, sit at the intersection of most procurement and AP processes and provide a great platform to bridge the gap between the two teams and unify their processes, priorities, and efforts.
View this insightful report from Ardent Partners as it examines why a robust procurement and finance/AP partnership that manages a holistic, integrated, and automated Source-to-Settle process is clearly more than a nice-to-have – it is critically important to the health of your entire enterprise
All the Insights You’ll Need: GEP Spend Category Outlook Report 2022
Supply chains continue to feel the pressure from a host of risks and uncertainties, such as labor shortages, climate change, geopolitical risks, cyber threats and rising inflation. 2022 offers challenges, but also opportunities to control costs and gain certainty amid the chaos.
What can enterprises do to mitigate risks, ensure supply continuity and keep costs under check?
The GEP Spend Category Outlook 2022 examines the megatrends that will shape sourcing and supply chain strategies this year. This report provides deep insights across a wide range of direct and indirect spend categories, enabling procurement and supply chain professionals to plan ahead and determine their sourcing and purchasing strategy.
Seven Steps to Success in Sourcing: Using Agile CLM to Gain an Edge
Gone are the days of cumbersome siloed data slowing down the source-to-contract process and exposing risks. Or at least, they should be. In the constantly shifting business landscape, contract lifecycle management (CLM) solutions enable new agility in the sourcing process, especially if they are flexible enough to bring sourcing professionals directly into the contract management process.
This white paper discusses how to empower procurement teams to gain better access to contract data, streamline the source-to-contract process, and gain a critical edge with agile CLM that adapts to a rapidly changing world.
Your Guide to Procurement and Supply Chain Success in 2022
If the supply chain disruptions of 2021 have taught us anything, it’s that the rules of the game have changed — forever.
Facing this fundamental shift, supply chain and procurement leaders need to know how to navigate an altered playing field and rethink their approach in 2022 to move forward in a never-normal world.
Where to begin? The GEP Outlook 2022 report explores global business trends and features seven critical leadership themes that will help you proactively prepare for and power through the challenges ahead.
Published annually, the GEP Outlook 2022 Report is a trusted strategic guide for supply chain and procurement leaders across the world.