Strategic CPO Reveals how to use Spend Analytics for Supplier Renegotiations During the Coronavirus Crisis

June 24, 2020By Nikesh ParekhBlog, CPO Advice, Procurement, Tips

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

5 Easy Procurement Negotiation & Savings Tactics in a Downturn

May 26, 2020By Jordan JansenArtificial Intelligence, COVID-19, Procurement, Recession, Tips

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

Stunning New Insights that Unlock Proven Cash Flow Savings

April 29, 2020By Brian WhiteArtificial Intelligence, COVID-19, Procurement, Recession, Tips

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.

How Procurement Must Lead Through the Coronavirus Recession

April 21, 2020By Jordan JansenBlog, COVID-19, Procurement, Recession

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

Paving a Digital Road for Procurement in 2020

December 20, 2019By Mari StromBlog, Procurement

Procurement has seen rapid change within the enterprise, with the opportunity to become more strategic, collaborative and technology-driven. This momentum is expected to continue in 2020 and beyond with procurement as an important and integral function of an enterprise through digital technology. Innovation through digitization can be applied to procurement roles in order to increase … Read More