Feel the need... the need for speed!
In today's fast changing global economy, operating at a higher velocity is critical. Technologies seem to change overnight, new entrants join the supply market via start-ups as well as...
View ArticleGaining Spend Visibility - Banking Industry M&A
Over the past couple of months, we have been hitting on key trends in the financial services industry. One that continues to be on our mind is M&A. Key Trends in the Financial Services Industry...
View ArticleWalking the Line: The Medical Loss Ratio in the Insurance Industry
Aside from perhaps online privacy, there is not a more divisive topic in America than healthcare reform. While the majority of the focus has been on individual Americans gaining, losing, and/or...
View ArticleThe Big Question: It Might Be Harder To Ask Than You Think
It's almost impossible to talk about any facet of technology these days without mentioning the elephant in the room - Big Data. So much time is spent discussing its importance and why we need to spend...
View ArticleThe CPO Rock Star: Driving Competitive Advantage
What is competitive advantage doing in a discussion on spend and supplier management? Leading companies are using spend management processes as a competitive weapon in their markets. The ability to...
View ArticleNational Be a Millionaire Day: How Businesses Can Turn Financial Goals Into...
Businesses everywhere should be taking a cue from those who are busy de-cluttering their lives this spring. While the season is most notoriously known for thoroughly cleaned houses and meticulously...
View ArticleFinding the Missing Link: Avoiding Supply Chain Risk with Complete Visibility
I'll get right to the point: lack of data, or more specifically, lack of accurate data can spell disaster for an organization. Most organizations today know in some way, shape or form that they need to...
View ArticleSpend Analysis and the Diverse Supplier Base
Procurement has gotten complicated, and that's a good thing.Sure, procurement is not as simple as it used to be, when simply finding the best price meant a pat on the back and a "job well done" from...
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How to Conduct a Spend Analysis in Seven Steps
SciQuest understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. A spend analysis...
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Top Ten Key Performance Indicators for Successful Spend Analysis
Key Performance Indicators (KPIs) are specific, measurable and actionable values that are identified as important in determining the success or failure of an activity. KPIs vary by activity, but they...
View ArticleHow Should You Implement Spend Analysis? Mark Twain Has the Answer.
There’s a lot of talk about the value of spend analysis (including important thoughts from Spend Matters’ own Jason Busch) and you may even believe it could benefit your organization. But your data may...
View ArticleHow to Be the “Best in Your Business” Through Spend Analysis and Strategic...
“You don’t know what you don’t know.” It’s an old adage, yet so many of us in procurement and sourcing don’t stop to ask the question and investigate – where are we spending our money?As Ardent...
View ArticleHow to Be the “Best in Your Business” through Spend Analysis and Strategic...
From computers and software to basic office supplies or widgets, organizations have a wide array of goods and services they need to purchase to support their business. While procurement professionals...
View ArticleSpend Analysis with FMC Technologies
FMC Technologies, a leading global provider of technology solutions for the energy industry, has approximately 19,300 employees and operates 30 production facilities in 16 countries. Here German...
View ArticleState of Georgia: Reaching Procurement Goals with Spend Analysis
As we gear up for NIGP’s annual conference in Kansas City (August 1-5, 2015), I have been thinking about our public sector customers and their amazing achievements. Already a Spend Director customer,...
View Article4 Lessons in Spend Analysis from Moby Dick
What drives change? Herman Melville captured it best in his opening dialogue of Moby Dick: “Call me Ishmael. Some years ago - never mind how long precisely - having little or no money in my purse, and...
View ArticleSpend Analysis Reveals Shocking Discovery for One Company!
As the report by Ardent Partners states: “There are four pillars that should serve as the foundation for any strategic sourcing program. These are the primary sub-process areas that drive all sourcing...
View ArticleBoost Your Automated Spend Analysis Strategy with These 7 Quotes
Whether it is conducting a simple spend analysis, developing savings strategies or building your sourcing roadmap, automated spend analysis will provide information crucial to the success of your...
View ArticleHow do You Optimize Addressable Spend?
Pop quiz, Hot Shot: Your organization’s total spend is $1 billion. Your procurement department oversees $800 million of your total spend. Of that, $720 million is under contract. You have negotiated...
View ArticleWhat is Spend Analysis?
Spend analysis is the process of identifying, gathering, cleansing, grouping, categorizing and analyzing your organizations spend data with a goal of decreasing procurement costs and improving...
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