New Ideas and Thought Leadership
Maximizing Benefits from Procurement
There has been a recent emphasis in areas such as global supplier identification, vendor quality management, low cost country sourcing, supplier rationalization, and supplier diversity programs. When IT gets stretched across these many programs and disconnected activities, it can lose value as a lever for improved productivity. In this paper, you will learn how to counter these obstacles by implementing supply base management technology to manage supplier facing processes.
Beyond Supplier Enablement
Many companies underestimate the importance of procurement in driving significant bottom line results and providing critical support to strategic initiatives. The very best in procurement have a relentless focus on metrics and benchmarks. It is critical for companies to maximize the number of connected suppliers and the overall level and quality of the relationships. This paper will show how applying this can help your organization reach the upper end of the spectrum in procurement.
Supplier Base Management-Strategy to Execution
Many feel that achieving significant savings and returns from procurement requires a major shift in strategy and is a long term process. From our experience, immediate savings can be achieved on quick win solutions such as: Increasing supply base, having tighter linkages with suppliers, managing suppliers' performances, credentials and compliances, etc. This white paper will explain how the best possible returns can be delivered without disrupting the business of your IT organization.
Tapping Maximum Value from your IT Balance Sheet
When it comes to identifying the best run businesses, ROA (return on assets) tends to be a compelling indicator, allowing investors and executives to determine whether the company is efficiently using its assets. This paper will explain how complementing traditional procurement investments with on-demand supply base management solutions can help you achieve that higher ROA.
Five Steps to Improve ROI from Procurement
There are new low cost approaches to accelerate and maximize benefits of existing procurement systems. Supply base management is an approach that helps build internal momentum and support for broader platform or procurement initiatives, as well as provide hard dollar savings and improved compliance. This paper will provide five sets of tactics to improve Procurement savings.
Supply Base Management: CPO Agenda
It's relatively easy to achieve initial savings from procurement platform technology investments. Getting to that next level of savings and sustainability can be challenging though. This white paper shows solutions that can produce immediate benefits that complement and extend existing investments in procurement infrastructures.
e-Procurement Maturity Model
Companies tend to underestimate problems with supplier on-boarding, content management and process integration. This limits system effectiveness and the scalability of initiatives that procurement builds around those systems. In order to combat this, leading companies have implemented supply base management. This paper will how implementing this solution can generate immediate saving and long term returns by helping you move up the supply base management maturity curve, reaching industry leading levels of supplier enablement and overall spend capture.
Achieving Agility and Responsiveness in Procurement
Few practitioners would describe their procurement software systems agile. Reasons can range from slow responsive software applications to their inability to onboard and integrate a good amount of suppliers into their procurement processes. This paper will explain how supply base management can accelerate and breathe life into procurement technology initiatives, making your entire organization more agile without wasting resources.
Executive Overview of Supply Base Management
Procurement plays a powerful role in expanding profit margins, improving operating efficiency, and reducing cost associate with regulatory compliance. There are higher expectations for procurement to rapidly adapt to strategic programs. The high numbers of hidden complexities prevent this from happening in a cost effective and timely manner. This paper will show how Supply Base Management can alleviate these problems.
Integration Whitepaper on Ketera Spend Management
Ketera has specifically created its offerings to manage the heterogeneous business and IT environments that characterize many of today's large-scale enterprise application deployments. It can work in conjunction with an Enterprise Resource Planning (ERP) or a 3rd party system to provide a closed loop Enterprise Spend Management automation. This paper describes how companies are bringing Ketera into their architecture, using Enterprise Integration and Supply Chain Integration.
The CPO's Strategic Agenda
CPOs are searching for ways to translate procurement performance into enterprise financial terms. The convergence of procurement and finance is helpful but CPOs need to take advantage of the CFO relationship to drive the bottom-line. The Aberdeen group has researched this opportunity in detail using over 500 procurement executives.
E-Procurement: Trials and Triumphs
Procurement has shifted from a back office, tactical function to an integrally strategic business operation. Best-in-Class enterprises demonstrate that automation and integration with other systems has transformed procurement into an information hub, supporting decision making and business planning, while also driving significant improvements in transaction processing, contract compliance and financial reporting. Aberdeen examines the goals, hurdles and strategies and results of 622 enterprises.
Companies are frequently being plagued with supply chain disruptions, insufficient supplier information, revenue leakage, and missed cost savings. The Best-in-Class enterprises, however, have been able to demonstrate that supplier enablement can positively impact the business when the right technologies and practices are employed. Aberdeen distinguished the Best in Companies using: percent of supplier enabled and percent of spend under management. They also illustrate the requirements for this success.
ServiceMaster gains from Investment
ServiceMaster realized that they could extract significant savings from the procurement processes by rationalizing the supplier base, improving the ability to negotiate best process and eliminating maverick spending. This paper illustrates how their implementation of Ketera's procurement and supplier enablement solutions resulted in higher savings and compliance rates.
The Incredible Pay Back
In the excerpt from the book, "The Incredible Payback", Ketera and one of its customers, Kennametal, are profiled to demonstrate the power and results of software automation for supply chain problems. The practices of Kennametal illustrate how supply managers have moved from traditional procurement practices to technology innovation.