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Popular Articles
What Defines a Procurement Master?
Top Ten Key Performance Indicators for Successful Spend Analysis
Why Spend Analysis is Broken and How we Can Fix It -- Forecasting and Beyond
CombineNet Continues its Leadership Transformation (Part 1)
Top Ten Reports Needed for Successful Spend Analysis
What is Supplier Normalization in Spend Analysis?
Breaking Free From Engineered Results
The Goal of Social Media in Supply Chain Management
New to Spend Analysis? Check Out the Spend Analysis Glossary
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Articles in category: Spend Analysis & Benchmarking
Alternative Spend Analysis Approaches: Performance Management at FMC Corporation
Explore Spend Matters (Jun 6 2013)
Unlike many organizations that use spend analysis as a tool to drive supplier rationalization, FMC Technologies is not looking to reduce its supply base. Rather, their focus on building visibility into spending and supplier performance centers on standardizing and deepening relationships with their strategic suppliers worldwide. Some of the data points they leverage in this hybrid spend and performance analysis include quality, on-time delivery, open purchase orders (POs), forecasts and supplier risk information.
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Mentions: Thomas Kase Brazil SAP
PMI unchanged as manufacturing struggles to gain traction
Explore Engineering News (Jun 3 2013)
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) remained unchanged at 50.4 in May, indicating that the sector is struggling to gain any real momentum, according to figures released on Monday. Kagiso Asset Management head of research Abdul Davids commented that, although the headline number was flat, the index’s two largest-weighted subcomponents lost ground over the period, as conditions in the manufacturing sector remained challenging.
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Mentions: Kagiso Abdul Davids Kagiso Asset Management
The Importance of Master Data
Explore Spend Matters (May 9 2013)
In today’s business world, data is a valuable corporate asset which, when managed properly, can support a company’s ability to achieve strategic goals and financial results. A recent Hackett Group study revealed that over 70% of companies are planning on implementing a Business Intelligence or analytics application. In addition, these same companies are planning to establish data stewardship rules, standardize master data, and cleanse existing data, all components of a Master Data Management (MDM) strategy. Executives can improve their ability to quickly access accurate data by adopting MDM best practices.
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Mentions: Hackett Group
Implementing purchasing cards? Keep an eye on...
Explore SmartProcurement.co.za (May 2 2013)
Procurement Cards (P-Cards) are rapidly gaining acceptance in South African business circles as an efficient way of managing spend with company-approved vendors on low-value/high-volume transactions. When implementing a P-Card programme within your company there are a few things that should be noted, advises Kgomotso Ntsimane, Marketing Manager for Nedbank Corporate Issuing, in this month’s SmartProcurement. "P-Cards afford greater visibility of what is being spent and, as a result, greater control and a lesser chance of abuse. A P-Card programme allows the company to see where purchases are made in a convenient, central electronic location. This allows for consolidation ...
(Read Full Article)
Mentions: South Africa
SnapShots 2013 - Supplier Selection and Qualification Strategies
Explore CAPS Research (Mar 21 2013)
This SnapShots survey resulted in 148 useable responses from companies representing 25 different industry sectors. A majority of the participants (87%) reported they employ supplier qualification processes that include steps necessary to become a qualified supplier, About 75% of the participants have different supplier requirements for different commodities, products, and services. Appendix A to the benchmarking report lists the different supplier selection and qualification processes reported. CAPS Research corporate and benchmarking program sponsors have access to the breakout reports: Aerospace & Defense, Financial Services, Industrial Manufacturing, Petroleum (Oil & Gas), and Utilities.
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How to Attack Marketing Spend (Part 1)
Explore Spend Matters (Nov 29 2012)
Like MRO, packaging, and logistics, the marketing category straddles the boundary between direct and indirect spend. And we all know (or so marketing folks claim) that it has a substantial impact on sales – allegedly, at least! The direct commercial impact is notoriously difficult to assess, although a new breed of analytical-driven spend analysis tools targeted specifically at marketing spend (e.g. cross-channel, competitive insights, etc.) and campaign performance can help.
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Mentions: Thomas Kase
Procurement Savings in Manufacturing: Tracing Root Cause Bottleneck Issues
Explore Spend Matters (Nov 12 2012)
This series of posts is based on content, ideas and recommendations from the following Spend Matters Perspective: Making Sourcing Savings Stick: New (and Not-so-New) Strategies to Drive Savings Implementation.
Based on our experience, we can trace the savings bottleneck back to a number of key challenges. These are: Insufficient resources--organizational resources are generally allocated to other projects..................................
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Benchmark in Purchasing: Are You Worst-In-Class?
Explore mypurchasingcenter.com (Nov 5 2012)
By performing a benchmark you are able to answer: Do you have a competitive advantage? What are your strengths and weaknesses in the purchasing function and where should you direct your efforts to improve? Either doing benchmark one-to-one (your company with another company) or one-to-many using third party entities, you need to define the benchmark framework.
(Read Full Article)
Mentions: Hackett Group Roland Berger Iasta
What The A-Team Can Teach Us About Supplier Negotiations
Explore Spend Matters (Nov 1 2012)
Spend Matters welcomes a guest post from Mason Lee, Manager, and Matt Kucharski, Sr. Consultant, at The Hackett Group. From 1983 to 1987, The A-Team delivered five seasons of action-packed episodes to its cult following. The sitcom has left its mark on popular culture through its iconic van and catchphrases. But the creators of the A-Team were unlikely to be aware that they were also providing us with valuable lessons in supplier negotiations.
..
(Read Full Article)
Mentions: Hackett Group Ariba
Top Ten Reports Needed for Successful Spend Analysis
Explore spendradar.com (Aug 30 2012)
Following are the top ten spend analysis reports you need to successfully analyze and act on your business spend. The success of the analysis from these reports will of course depend on the accuracy and the completeness of the data behind the reports.
1. Spend by Category
2. Spend by Supplier
3. Spend by Month
4. Spend by Location
5. Spend by Business Unit
6. Spend by Item
7. Spend by Buyer
8. Maverick Spend
9. Pareto Analysis
10. Opportunity Analysis
Why is this important? Providing a report that is specific to this information allows you to easily make savings ...
(Read Full Article)
Where’d it go wrong? Undervaluing indirect spend management
Explore Procurement Leaders Network (Aug 22 2012)
Recently, a CPO wrote in the Procurement Leaders magazine that the best thing he ever learned was to find fires and put them out – metaphorically speaking. Procurement is too often coming up short in managing indirect spend – and it’s costing their functions.
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Mentions: Procurement Leaders Network
New to Spend Analysis? Check Out the Spend Analysis Glossary
Explore spendradar.com (Aug 16 2012)
If you want to improve your knowledge of spend management, I suggest looking up any spend analysis term you don't completely understand in our recently launched Spend Analysis Glossary. Although it's not as exhaustive as Merriam-Webster's, this new reference tool offers informative explanations of over one hundred terms as they relate to spend analysis.
(Read Full Article)
IBM launches supply chain analytics center in Singapore
Explore zdnet.com (Aug 16 2012)
The IBM Supply Chain Analytics Center of Competency (CoC) will create analytics-based solutions that can improve supply chain efficiencies of organizations by enhancing visibility as well as better prepare for and tackle volatility throughout the chain. Launched in collaboration with Singapore's Economic Development Board.....
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Purchasers must evaluate consultancy performance
Explore supplymanagement.com (Aug 14 2012)
Most procurement managers are not responsible for evaluating consultants during a project, despite the fact that 69 per cent of buyers have a strong influence on their purchase. A study of 100 companies by Source Information Services (SIS) found 80 per cent of purchasers play no role in the measurement of performance while the engagement takes place.
(Read Full Article)
When Free Spend Analysis Isn't Free
Explore spendradar.com (Aug 9 2012)
There can be many different goals of a spend analysis initiative - find savings within your spend, optimize your contract negotiations, determine the cost of supplier risk, eliminate maverick spend, discover new sourcing opportunities, allocate savings, and many more. When evaluating a spend analysis initiative, the cost up-front can seem overwhelming, and a proposal for a "free" spend analysis solution can be very attractive. But consider the following......
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PMI rebounds but manufacturing under pressure
Explore Home - BusinessDay (Aug 1 2012)
The purchasing managers’ index (PMI) rose in July but the local manufacturing sector remained under strain due to lower demand from South Africa’s key export markets, data showed on Wednesday.
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Mentions: South Africa China Abdul Davids
Management Do’s and Do Not’s to Support Supply Chain Analytics: Part II
Explore Supply Chain Management Review (Jul 31 2012)
One critical and “often overlooked” factor that significantly affects the quality and productivity of a firm’s supply chain analytics and decision support systems is the organization’s “level of access” to corporate data warehouses.
(Read Full Article)
Mentions: European Union Chicago Bloomberg
Petroleum Industry Benchmarking Metric Report 2012
Explore CAPS Research (Jul 30 2012)
The 2012 edition of the Petroleum Industry Benchmarking Report looks at key supply management performance measures including organizational structures, and numbers of supply management employees assigned to support strategic sourcing, transactional purchasing, etc. The report also includes metrics on supply management operating expenses, cost reduction and avoidance as a percent of spend............
(Read Full Article)
3 Methods of Data Classification for Spend Analysis
Explore spendradar.com (Jul 26 2012)
In spend analysis, data classification is essential to ensure you're properly identifying line-item transactions at the category level as well as the supplier level. Without accurate, in-depth line-item transaction classification, you're missing out on potential sourcing and savings opportunities, and you aren't truly understanding your total spend.
(Read Full Article)
Beyond Price Benchmarking: Spend Benchmarking (Part 2)
Explore Spend Matters (Jul 23 2012)
Spend Matters welcomes a guest post series from The Hackett Group's Pierre Mitchell. In Part 1 of this post, I described the potential value of using spend benchmarking as a way to identify opportunities. To recap, spend performance tracking is something that can not just be benchmarked externally, but also tracked year-on-year internally with good spend analytics. It is a 'basic' capability for any procurement organization.
(Read Full Article)
Mentions: Hackett Group Russia Japan
Friday Latte: Chicken Censorship in Iran, Low Diamond Demand, Japan Fighting for Imported Rice
Explore Spend Matters (Jul 20 2012)
Bawk Bawk...Big Brother? Chickens facing censorship in Iran -- "They show chicken being eaten in movies while somebody might not be able to buy it," Mr Ahmadi-Moghaddam, brother-in-law of Iran's president, Mahmoud Ahmadinejad, told a law enforcement... (Read Full Article)
Mentions: Walmart USA Thomas Kase
Beyond Price Benchmarking: Spend Benchmarking (Part 1)
Explore Spend Matters (Jul 20 2012)
Spend Matters welcomes a guest post series from The Hackett Group's Pierre Mitchell. We strongly encourage Spend Matters practitioner readers to take advantage of the offer Pierre will share in Part 2 of the series next week. Most procurement org... (Read Full Article)
Mentions: Hackett Group USA Thomas Kase
The New Normal for the Procurement Organizations
Explore Spend Matters (Jul 17 2012)
As a result of the 2008 global recession, many companies were forced to abandon collaborative sourcing approaches in order to obtain immediate cost reductions. While there is no doubt that generating immediate savings has a substantial impact to a company and its financial wellbeing -- it is a short-term gain that typically is not sustainable. As the economy recovers, procurement's value proposition is resurfacing with a stronger focus on sustainability and governance.
(Read Full Article)
Why are PO, Invoice, and P-Card Data Important in Spend Analysis?
Explore spendradar.com (Jul 17 2012)
What are the relationships between PO, Invoice, and Purchasing Card data? And why are they important to a spend analysis? The more detail you have about a purchase, the easier it will be to source that purchase. Purchases can often be recorded in more than once place and often it will appear different depending on the location of where the data is stored.
(Read Full Article)
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