Insights by Nitor

Where are you on your Procurement Maturity Journey?

Posted by James Fiore on Jan 9, 2019 9:59:09 AM

Just like people, Procurement organizations are at different points on their continuous improvement journey. People rely on friends, classes, self-help books, mentors, and family to help them identify opportunities for growth and improvement. Where would a Procurement organization go to help them identify opportunities and actions required to continue on their journey? 

Some companies use industry benchmarks and roundtables, or work with peers at other companies to see how they compare. But what does that really provide? A couple of data points that tell them they could be better. That probably isn’t breaking news if the questions are already being asked and it certainly doesn’t provide an actionable roadmap to sustainability.

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Topics: Spend Analytics, supply chain management, strategic sourcing, eprocurement, procurement technology, procurement transformation

Passport to Change

Posted by Bianca Di Lucente on Dec 11, 2018 10:16:59 AM

Pack your bags! We’re traveling abroad! A global change initiative is a monumental and transformative undertaking for organizations with cross border trajectories. There may be layovers, several modes of transportation, or even a change in carrier before we arrive at our final destination. Upon arrival, we need to determine where to spend our time to get the best return on investment, which souvenirs to pick up, and which to leave behind to successfully clear customs.

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Topics: supply chain management, change managment, procurement change management

Finding Opportunities In Spend Analysis

Posted by Gary Stoddard on May 24, 2016 10:14:05 AM

 

In Western astrology, it is believed the universe is formed by four Elements: earth, air, fire and water. 

 Each of the four contains its own unique and beneficial properties within itself and when they work together they create one perfectly formed universe.

The same is true with the Source-to-Pay environment.  Each Element is individually important and valuable to create and /or deliver value. However, when all the Elements across the Source-to-Pay spectrum work together, a holistic and integrated best-in-class Procurement organization is enabled. 

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Topics: Spend Analytics, supply chain management, procure to pay

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