INDUSTRY NEWS
Industry News
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80 Percent of a CPO’s Time Spent Influencing Internal Stakeholders
January 28, 2015Read MoreGaining support from stakeholders yields greater results and secures influential gain for the procurement function, but how can a CPO establish this trust and solidify relationships? The best CPOs recognize the need to focus the majority of their time removing…
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What’s Next for Big Data? Predictions for 2015
December 15, 2014Read More“Big data” provides more accurate information, improves business decisions and strategies, increases revenue, and decreases costs. In addition to being considered the infrastructure of reality, it is also a means to delivering actionable business insights. The following article highlights expected…
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Is Procurement Adding Value to Your Organization? Q&A with Gerard Chick & Robert Handfield
December 12, 2014Read MoreAs Procurement Optimization experts at Shelby, we live and breathe Procurement. Reducing cost, mitigating risk and compressing cycle times are just some examples of how Procurement can be invaluable to an organization. This Q&A with the authors of “The Procurement…
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Getting Spend Under Management – How Can Financial Directors Help Procurement Be More Strategic?
November 17, 2014Read MoreHaving guidelines in place to better track and analyze both direct and indirect spend patterns can ensure the optimization of Procurement’s capabilities. This article demonstrates how to get more spend under management and how Financial Directors can strategically drive the…
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Five Procurement Predictions for 2015
October 28, 2014Read MoreThe value of procurement “ done well” can be evident, yet CPOs are consistently challenged with proving it to key stakeholders. Being decisive and proactive with your strategies can mean all the difference. These predictions for 2015 will give you…
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Increasing Invoice Volume Challenges Accounts Payable Departments, Which Still Rely Largely on Paper
October 15, 2014Read MoreIncreasing Invoice Volume Challenges Accounts Payable Departments, Which Still Rely Largely on Paper Rather than Automation, Study Shows This study by the Institute of Financial Operations reports that a majority of companies have yet to take full advantage of automating…
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3 Tricks for Reaping the Benefits of Change
September 24, 2014Read MoreActively managing change is crucial to harnessing its disruption and garnering its benefits. This article suggests ways in which your organization can proactively incorporate change management. By: Maria Paz-Barrientos VOLATILE MARKETS, SHIFTING COMPANY ROLES–WHATEVER IS THROWN YOUR WAY, LEADING THROUGH…
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Procurement Management Soft Skills: Negotiation
September 15, 2014Read MoreAnalysis, planning, and implementation techniques, with the understanding that each situation is different, are key factors to a successful negotiation strategy. The following article highlights the intangibles of the negotiation process in procurement. By: Nyasha Chizu People tend to negotiate…
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Five Things World-Class Procurement Departments Do Differently
August 14, 2014Read MoreResearch shows that Procurement departments, known to generate savings, may have reached the limit of their ability to reduce costs. Discover developing trends that will better differentiate your organization and improve your ROI, despite expected declines. By: Gurjit Degun Becoming…
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Corporate v Decentralized Procurement
July 30, 2014Read MoreRegardless of the organizational model used, incorporating the abilities and suggestions of each member throughout the supply chain can deliver added value by increasing market share, reducing costs, and preserving the brand image. Take a look at the below article….
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