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
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.
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.
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
Recently Greg published a thought piece called “Spend Visualization” as a [wake-up call] for the procurement industry to the importance of data in making strategic decision and his recommendation on how to aggregate, cleanse, analyze and train your team on using decisions to drive insights and actions.
As global demand continues to drop for many goods and services, fears of a worldwide slowdown and a “coronavirus recession” loom large over corporate leaders. Chief Financial Officers (CFO’s) are scrambling to do sensitivity analyses to understand their profit outlooks and cash needs. Procurement and sourcing teams can play a significant role in reducing supplier spend and improving cash flow by using spend analysis to leverage data in the ERP, contract management, and procure-to-pay systems
As the business environment begins to contract due to the coronavirus recession, procurement teams have an opportunity to save the day – delivering spend reductions that avoid painful layoffs and help their companies to weather the storm.
In Part 5 of this series, we examine how Best-of-Breed solutions help improve the quality, efficiency, and value small teams bring to their organizations. For more information, read our post 3 Ways Small Procurement Teams Can Get Outsize Results. Introduction Smaller finance and procurement teams at small to midsize organizations are the most likely to … Read More
In Part 4 of this series we look at how leveraging the power of data and AI gives CEOs, CPOs, CFOs, and COOs the ability to gain a better understanding of what their data means and how it can guide their strategy and vision. The Power Of Data & Machine Learning Too few businesses recognize … Read More
In Part 2 of this series, we looked at 7 ways Best-of-Breed solutions benefit procurement teams. In Part III, we examine how these solutions make CPOs and other C-Suite executives’ lives easier and provide the effective tools necessary to focus more on big-picture strategy. Introduction CPOs and other corporate leaders understand the importance of having … Read More