Procure to Pay

Sep 22, 2019  |  Director's Blog

Data Quality Is Critical To The Supply Chain Function – Did Someone Forget To Ask?

This blog post is co-written by my colleague Joseph Yacura, who came up with the brilliant idea when we were chatting yesterday! Data quality and governance has always been “important” to the supply chain function, but today it is “critical”.  […]

Jul 5, 2019  |  Director's Blog

The expanding scope of procurement analytics: Some initial thoughts

Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019). […]

Oct 8, 2018

Procurement AI: From Promise To Realization

I had the pleasure of being on a great webinar with Jon Hansen, Jack Shaw, and Sally Hughes last week, hosted by Zycus and EBG Network. The session focused on Procurement AI, and it was great to listen to Sally, […]

May 17, 2018  |  Articles

Master Data System Enables Quick Wins Through Component Standardization

Having a robust master part and master supplier list can yield many low hanging fruit for organizations in the early stages of their procurement transformation.  Many of these opportunities can be driven by looking at redundant part numbers, contracts that […]

Apr 10, 2018  |  Articles

Strategic Roles in Procurement Haven’t Changed Much

A recent post on Public Spend Forum asked the following question: What are the key 4-6 roles (e.g. Buyer, Commodity Manager, etc …) common to all public procurement organizations that help you align the “right skills” with the “right roles”, to achieve […]

Feb 27, 2018  |  Director's Blog

Predictive analytics in procurement means using whatever data is available

Predictive analytics is still relatively new in procurement, but it’s increasingly important, particularly in organizations that have already been through the cycle of spend analytics, supplier leveraging, segmentation, and consolidation. Prediction requires a deep understanding of the technical and commercial […]

Jan 26, 2018  |  Director's Blog

Emerging technologies impacting contract management in the Financial sector

A meeting of financial supply management executives, faculty, and IACCM thought leaders took place on January 26, 2018 in New York.  A number of different topics were discussed during this session, and the agenda was kept fairly open in discussing […]

Dec 22, 2017  |  Articles

Supply Chain Predictions for 2018: Real-Time, Innovation, Cognitive, Blockchain, Industry-Academic Partnerships, and Taking a Stand!

I had an opportunity to work on a number of exciting projects this past year, and in the process, spent a lot of time talking about digital supply chains with a lot of really informed people.  Here are a few […]

Dec 17, 2017  |  Director's Blog

SCRC Innovation and Social Responsibility Supply Index: A Critical Input to “Drucker Management Top 250 List”

Research by NC State Poole College Professor Robert Handfield, director of the Supply Chain Resource Cooperative based Poole College, and Yung-Yun Huang, a recent graduate of North Carolina State University’s interdisciplinary doctoral program in operations research, supplied two of the […]

Jun 27, 2017  |  Director's Blog

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

In my earlier book with Gerard Chick on “The Procurement Value Proposition“, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key.  Many procurement assessments developed by consultants seek […]