Procurement Optimization Blog

  • Vendor Risk Management
    November 3, 2021

    At some point, everyone has to purchase something from a vendor or third-party supplier.  Whether it is buying groceries at a store, dinner at a restaurant or repairs to your home, we tend to minimize our risk by performing some…

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  • Digital Invoice and The Modern Trends in Digitization
    October 28, 2021

    While technology tends to change quickly, there has been little change to the way most AP departments operate. For too long, the questions has been asked: How do we achieve higher efficiency while we still have so much paper? It’s…

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  • The Convergence of Technology in Procurement
    September 8, 2021

    The pace of innovation in the past decade has been phenomenal and has disrupted the way we address traditional functions in organizations, including procurement. In his book “Thank You for Being Late – An Optimist’s Guide to Thriving in The…

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  • Going Global: Strategies for Success with an International eProcurement Implementation
    August 10, 2021

    The prospect of a global e-procurement system rollout may seem intimidating, but it offers just as many opportunities as challenges (if not more). A successful strategy for this breaks up your implementation into a phased approach. By planning for an…

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  • Thrive after Go Live – Not just Survive
    July 15, 2021

    “Surviving is important.  Thriving is elegant.” Maya Angelou said that. I am sure we all understand how this could apply to us as individuals, but the same message also applies to organizations. Thriving means being intentional about going beyond the…

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  • Fighter Pilot Tactics and the “Secret Sauce” for Success: A Change Management Blog
    May 6, 2021

    Introduction Change Management is often thought of as dealing primarily with communication and training throughout a project or program endeavor. While these are the two most visible aspects of Change Management, there are many more activities that need to occur…

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  • Release Management and That New Car Smell
    March 31, 2021

    Happiness is the smell of a new car; there – I said it.  Breathe deep – that smell carries the ‘I have made it’ pride of hard work and there is nothing quite like it.  By that standard, it may…

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  • A Paradigm Shift in Contract Life Cycle Management (CLM) Part 2
    February 22, 2021

    Our last blog took a closer look at the key principles of advanced CLM contract approval flows. To achieve high performance and shorten time-to-value for your contracts, standardization is key. The guiding principles for standardization include contract assembly, templates and…

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  • A Paradigm Shift in Contract Lifecycle Management (CLM) – Part 1
    January 26, 2021

    Contract Lifecycle Management is quickly starting to take a front seat in procurement value realization. In recent years, contract lifecycle management (CLM) has advanced beyond authoring, negotiating and signing, into effectively operationalizing contracts. In this 2-part blog series, I will…

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  • The “Elastic Limit” of business
    December 11, 2020

    When you stretch a rubber band beyond its elastic limit, you never get it back to its original state.  I think we have all seen our businesses stretched to their “elastic limits” by the impact of COVID-19.  For example, we…

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