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When it comes to indirect procurement, setting your organization up for success is a marathon, not a sprint. To reach the ultimate destination of spend under management and real-time visibility into where, what, and how your organization is spending money, consider creating a roadmap that’s broken out into smaller, more attainable steps. Doing so will help you ensure the right balance between addressing the tactical needs of your business and building the strategic foundation to...
1. New: Buyer Assistant Applies to Configurability Spot Buy workflow Buyer experience if Buyer Assistant is Licensed and Enabled N/A: Changes experience and UI if Buyer Assistant is enabled Buyer Assistant can be selectively enabled by Location The Buyer Assistant module provides an intelligent, learning-driven capability to automatically drive Spot Buy execution by generating supplier inclusion and award decision recommendations. A demonstration is recommended to understand Buyer Assistant capability and operation Buyer Assistant can operate...
In 2019, a primary focus for many procurement organizations is finding new sources of value. This will be largely driven by innovative approaches, as most of the quick and easy wins have already been identified. This section of the CPO Rising 2019 report dives into recommended strategies and approaches for CPOs and procurement departments to improve their operations & get better results. What you’ll learn: Why it's important for procurement to lead the way when it comes...