Do Other Services Procurement Areas Get as Much Negative Press from Suppliers as Marketing Procurement?

Tina Fegent is mad as hell and she’s not going to take it anymore.

OK, that may be a bit of an overstatement, but for someone with a couple decades of experience in the marketing procurement space, Tina is officially en garde when it comes to marketing services suppliers (namely, the agencies) bad-mouthing her chosen profession.

“Time and time again, the [marketing] trade press slags off procurement,” she told me. Continue reading “Do Other Services Procurement Areas Get as Much Negative Press from Suppliers as Marketing Procurement?”

Source One Takes Proven Cost Reduction Tactics to Dallas, Texas in a Unique Event for Procurement Professionals

Top boutique strategic sourcing consulting firm Source Management Services continues its partnership with leading group purchasing organization, Corporate United (CU), to produce the second installment of The Road to SYNERGY. The one-day conference in Dallas, Texas aims to equip members and prospective members of the CU community in the Southwest with cost reduction strategies. Continue reading “Source One Takes Proven Cost Reduction Tactics to Dallas, Texas in a Unique Event for Procurement Professionals”

Tech Upgrades Delivering Procurement Efficiency Boosts

Looking for a common thread between supply chains and procurement operations today can be challenging: As companies’ efforts reach global scale and incorporate complicated relationships between third parties, each one takes on its own unique characteristics. However, sourcing professionals must identify the hallmarks of success in the field if they want to ensure their own organizations end up on the right path. Continue reading “Tech Upgrades Delivering Procurement Efficiency Boosts”

New Ways to Achieve Unprecedented Savings on Indirect Spend

In Deloitte’s 2016 Global CPO Survey 2016 report, 74% of respondents stated cost reduction as their top priority in 2017. Also, 70% of the surveyed procurement executives cited indirect spend as a top focus for controlling and reducing costs.

Recent studies have found that indirect spend can account for up to 50% of a company’s purchases, and manufacturers specifically can spend 20% or more of their total revenue on indirect expenditures. It is clear the next profound impact area for procurement professionals is in accessing hidden and unexploited areas of indirect spend. Continue reading “New Ways to Achieve Unprecedented Savings on Indirect Spend”

Direct Procurement: JAGGAER and FACTON Partnership

Jaggaer, provider of the world’s most comprehensive Source to Pay (S2P) suite for indirect and direct spend solutions, and Facton GmbH, the leading provider of enterprise product costing for the automotive, aerospace, mechanical engineering, high-tech and electronics sectors, are forming a strategic partnership to provide their customers with digital, efficient processes for the entire production process. The integration of product costing calculations and should cost … Continue reading Direct Procurement: JAGGAER and FACTON Partnership