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Stakeholder management in procurement digital transformation: Why, what, how?

Spend Matters

Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. However, the reality is that stakeholders, including budget owners, business units, etc.,

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What About Procurement Objectives?

Procurement Templates

Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Wait, what about stakeholders?

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Expanding the influence and impact of Procurement

Spend Matters

This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective. The team launched many new sourcing opportunities and engaged with stakeholders in different ways resulting in other positive impacts for the company. It has been a home run.

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Where the intake management market is heading

Spend Matters

Along with generative AI, the intake management market has been this year’s primary discussion among procurement practitioners and software providers. Then please see our intake management mini-series , published this summer, which addresses these concerns and more. If you have questions such as: What is intake? What is orchestration?

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Managing Tail Spend to Avoid “Porcelain Dalmatians”

Una

Managing Tail Spend to Avoid "Porcelain Dalmatians". 5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. However, if properly managed, tail spending can significantly reduce costs by as much as 10 percent or more of a company’s indirect expenses. .

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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization. Read More: What Does a Procurement Manager Do?

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Quantifying The Gap Between ProcureTech Hope (Hype) And Abandonment (Initiative Failure)?

Procurement Insights

Average Cost of Abandoning a Failed ProcureTech Initiative Cost Component Typical Range Software & Licensing (sunk) $250K $2M+ (enterprise) Implementation & Consulting Fees $100K $1.5M+ Internal Labor Costs $75K $500K+ Data Migration & Cleanup $50K $300K Change Management & Training $25K $150K Opportunity Cost / Business Impact (..)