Media News Group Chief Procurement Officer Jeff Ball is using spend analytics and Suplari to renegotiate spend and payment terms with his top one hundred suppliers amidst 2020’s coronavirus crisis. Understanding spend across the enterprise puts him in a better position to negotiate terms. Suplari insights also enable Media News Group to capture rebates from … Read More
Media News Group Chief Procurement Officer Jeff Ball discusses how to elevate procurement strategically in the enterprise through Zero-Based Budgeting, Driving Cash Flow, and Partnering with the CFO.
Today, we are announcing the ability for ScoutRFP RFP customers to integrate with Suplari’s advanced spend analytics, reporting and insights platform. Scout RFP is a leading strategic sourcing and supplier engagement platform, while Suplari delivers AI-driven analytics and insights for procurement & finance teams.
Executive Insights Companies are aggressively looking for tactics to reduce costs and unlock savings on all their indirect and direct purchases and to more effectively manage their cash flow in procurement. Declining market demand and over-capacity is driving finished product manufacturers to put price pressure on their suppliers. They too must then re-negotiate contracts with … Read More
Suplari has been recognized by Spend Matters as one of the fast-rising and most promising “50 to Watch” procurement providers for 2020. Independently selected by Spend Matters analysts based on growth, innovation, tech capabilities, and solution delivery — Suplari is most certainly a company worth watching!
Now more than ever, companies need actionable insights from their data to improve performance in every part of the organization and to help weather Covid-19 and all its economic impacts.
In the last blog post, I described two rules: the empirical and IQR rules, that could be used to calculate outliers. However, those rules were only valid with normally distributed data. Spend data is rarely normally distributed and is typically right-skewed. This means it has many small transactions and few large transactions like figure (1) … Read More
Managing cash flow, finding savings, and enforcing new spend policies are top of mind for most CFOs right now. With no end in sight to the coronavirus crisis (yet), procurement teams must prepare now for a recession. Their big challenge is to determine what should be prioritized to maximize results. Suplari is reacting quickly to customer requests to deliver fully automated insights from a customers existing ERP and financial data that identify opportunities to conserve cash, avoid large payments, negotiate better terms, and enforce new policies.
As the Head of our Customer Success team at Suplari, I have the privilege of speaking with many of our current clients each week, even in this crisis. In the past month or so we have all seen a sudden shift in business priorities. The normal flow of strategic sourcing, long term supplier negotiations, and … Read More
Procurement leaders must urgently spearhead a campaign to help their businesses endure the coronavirus recession and lay a solid foundation that maximizes future business opportunities. This article outlines how procurement teams can formulate effective Cash Management, Supplier Management, Risk Management, and Spend Management Strategies that help mitigate the effects of this (or any future) crisis. … Read More