There’s a long-standing debate in Procurement about how to track realized savings. Are you responsible for tracking them dollar for dollar, or is there a better way? On a recent live session with Art of Procurement, our client Yannick Caharel, Global Head of Procurement at Christian Dior Couture, explained how he and his team are solving this issue without becoming something similar to a secondary accounting department.  The problem with realized savings tracking You’re no stranger to the skepticism around Procurement performance claims. Even your raw data is a prime target for questions ..read more

The “one size fits all” approach to Procurement excellence is a myth. Instead, today’s leading teams are customizing their digital ecosystems to meet their unique needs. The foundation of their approach? Focused solutions built for individual problems and procurement functions. Join us on May 7 at 11 am EST/5 pm CEST as Insight Sourcing Founder Tom Beaty hosts SpendHQ Chief Product Officer Pierre Laprée and Archlet Founder Lukas Wawrlra to explore how to best assemble an ecosystem that · Cut complexity · Drive down costs · Enhance agility · Maximize value You’ll come away from this session equ ..read more

SpendHQ is looking forward to Future of Procurement 2024! Join us on May 27 for an evening of inspiring success stories, new insights, and networking with industry leaders in Paris, France!  Our expert team will be attending and looking forward to meeting you!  Register now!  The post SpendHQ Will Be At Future of Procurement 2024!  appeared first on SpendHQ ..read more

We’re excited to be part of BME eLösungstage (ESolutions Days) once again! Join us in Düsseldorf, Germany, on May 14-15 for keynotes, panel discussions, case studies, and workshops on Procurement digitalization.  Register now to live the full BME experience with us! But don’t stop at registering for the event. Our expert team will be on-site and looking forward to meeting you!  To discover how SpendHQ is supporting 500+ customers worldwide with a centralized hub for spend and performance insights, click below to schedule a 1:1 meeting with our team!  Meet us The post SpendH ..read more

SpendHQ is looking forward to World Procurement Congress 2024! Join us and 800+ peers from May 14-16 for “Horizon 2030: Glide Paths for Sustainable Growth.”   For its 20th year, World Procurement Congress will welcome 100+ speakers for panels with leading experts, inspirational workshops, and networking in London, UK! Don’t miss out.  Register now!  But don’t stop at registering for the event. Our expert team will be on-site and looking forward to talking Procurement with you!  If you’re looking for a way to overcome data chaos and build greater Procurement value and i ..read more

Taking an organized, strategic approach to Procurement is the basis for producing results that drive the business in a profitable, positive direction. But Procurement is big, and it touches nearly every part of the business. How can your team juggle it all or focus your efforts in the right places? In this guide to Procurement Category Management, we’ll give you four tips to help you get started. What is category management in procurement? Category management is Procurement shrunk down to a specific category or subcategory of spend. It functions like the large-scale Procurement process, but in ..read more

For the last few years, procurement has doubled down on their investments in performance measurement, increasing the amount of data being tracked and reported to demonstrate their impact on the business. While procurement plays a critical role in navigating disruptions, they are constrained by having to do more with less. What we know now, however, is that procurement also needs to be able to tell a good value story – but the value is only as good as the underlying ‘data story.’ When procurement can contextualize their results, including data from procurement and non-procurement systems, it b ..read more

Complete, reliable data is a crucial ingredient to finding procurement opportunities and driving the business in the right direction.  Yet data integrity and confidence are wishful thinking for most procurement teams. We partnered with Art of Procurement to understand why.  In this paper, we explore:  What roadblocks distract Procurement from making data a top priority and how to overcome them  What Procurement stands to lose by settling for subpar data  Why artificial intelligence in Procurement won’t magically solve the problems–but it can help fix them  Proc ..read more

AI is an inevitability for Procurement. Will it finally cement your place as a strategic advisor or will it redefine the function into something unrecognizable? And what are the industry’s leaders doing to prepare?  We recently joined Market Dojo, Esker, Genpact, and several industry thought leaders to answer these questions and explore how Procurement and Finance can leverage AI to accelerate performance.  In this summary, you’ll gain industry leaders’ insights from:  Tom Mills: Is AI is a game-changer or a game-ender, soft skills you should develop now, and the future of pro ..read more

Are there worse feelings than telling the board why you didn’t meet your goals at the end of the quarter, half, or year? Probably, but it’s still not fun. Here’s how you can avoid those awkward conversations this year by increasing the number and the quality of procurement projects you find and complete.   Define your potential procurement project pipeline  The first step to hitting your numbers is identifying projects you can undertake. However, one reason procurement teams fall short of their goals is because they haven’t found as many new opportunities as they would like, leaving ..read more