Supplier Management Cost of Service This calculator is purposed with demonstrating the hard savings available through efficiency gains in the process of onboarding and managing suppliers. This includes but is not limited to all of the activities surrounding supplier management such as qualification, onboarding, classification, collaboration, evaluation, obligation management, KPI management, SLA management, Milestones SOWs […]
Read moreOur recent study of Australian and New Zealand procurement professionals found there’s a key team-based factor contributing to success: the ability to prioritise interpersonal skills. Most procurement professionals prefer focusing on processes and practicalities. It’s easy to see why we find comfort in the quantifiable, but as we delve deeper into the essence of what […]
Read moreThe Procurement Identity Crisis: Why We Need To Ask More of Procurement Professionals Advanced recently undertook a comprehensive survey engaging 300+ ANZ procurement leaders and professionals to unlock world-first insights into the future of procurement. One of the report’s pivotal findings is the underutilised potential of procurement professionals. Teams are ready to lead the charge […]
Read moreOver 300 procurement leaders from across ANZ have come together to deliver an unprecedented snapshot of the future of procurement. Surfacing industry insights from the report prove the importance of procurement tech as more than an efficiency driver: it’s also an advantage lever. It shows that technology supports businesses in moving to outcomes-based procurement that […]
Read moreRegister Now Overview In a world where 72% of global procurement leaders have pinpointed digital transformation as a paramount objective*, it’s time to overcome the hurdles that hinder progress. Despite this vision, many procurement professionals grapple with the challenge of securing approval for technology investments. This struggle is compounded by technology adoption rates lagging due […]
Read moreAs inflation and recession begin to bite, consumer confidence drops, and supply chains become less certain, organisations must increasingly look to their procurement teams to ensure operational resilience. In this article, we’ll look at the key ways procurement teams can aid organisations in staying strong and competitive in times of economic uncertainty. The Role of […]
Read moreMaverick spend costs businesses thousands each year. From tail spend and office supplies to multi-million dollar procurement contracts, the minor leaks of maverick spending quickly become a flood of lost revenue. Procurement leaders are increasingly aware of the need for automation and visibility in combating rogue spending. In this article, we’ll look at the practical […]
Read moreThe healthcare sector is one of the most heavily regulated in Australia. Maintaining compliance with procurement regulations can be challenging, and procurement leaders increasingly turn to digitisation to meet these ever-changing requirements. Contract lifecycle management (CLM), or the end-to-end process of overseeing supplier contracts, is critical to efficiently running healthcare organisations. Digitisation has revolutionised CLM […]
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Read more3 Steps to Understanding Your Contract Management Maturity A fully matured contract lifecycle management process is like a mighty oak tree: a sturdy repository of nourishment and stability in symbiosis with the surrounding forest. Think of each leaf as a contract, with all contracts gathered in a central place, each leaf-laden branch connected to the […]
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