Profit from Procurement

Profit from Procurement
Author: Alex Klein
Publisher: John Wiley & Sons
Total Pages: 244
Release: 2021-03-12
Genre: Business & Economics
ISBN: 1119784913
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Your lack of focus on Procurement is limiting your profits. Multiply them by making Procurement a company-wide priority. Profit from Procurement: Add 30% to Your Bottom Line by Breaking Down Silos delivers an insightful, compelling, and fresh take on a subject that typically comprises 50% of a business's total costs: Procurement. Alex Klein, Simon Whatson and Jose Oliveira, leaders at the world's largest dedicated Procurement consultancy, highlight the limitations of the traditional, functionally siloed approach to Procurement, and demonstrate how significant EBITDA gains can be made by lifting Procurement out of the back office and enabling it to fundamentally reset a company's cost base. Its accessible, frank, and refreshing style, combined with practical, actionable advice, based on the authors' extensive real-life experience, make it a must read for any executive looking to make an impact through Procurement. The book offers readers a practical and concrete roadmap to optimizing, integrating, and deploying a company’s Procurement capabilities, creating a less siloed, more impactful function. Readers will learn how to: Plan their company's Procurement transformation Reskill teams for the coming change Reposition the Procurement function to become the driver of cross-functional change Integrate new topics such as digitalization and sustainability into their Procurement roadmaps Ensure that Procurement efficiencies are fully reflected in bottom-line profits Perfect for C-Suite executives and Procurement professionals at companies of all sizes, Profit from Procurement belongs on the bookshelves of every employee and leader tasked with company operations and profit strategy.

Profit from the Source

Profit from the Source
Author: Christian Schuh
Publisher: Harvard Business Press
Total Pages: 225
Release: 2022-06-21
Genre: Business & Economics
ISBN: 1647821401
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Procurement can be your company's secret weapon for winning in turbulent times. In most companies, procurement is an unglamorous, unloved part of the business. A job in the procurement office? A fast track to nowhere. Sourcing and supplier management is strictly about costs, the thinking goes, and all that matters is playing hardball to get these as low as possible. No connection to innovation or strategy or creating positive value. Not so fast. As Boston Consulting Group thought leaders Christian Schuh, Wolfgang Schnellbächer, Alenka Triplat, and Daniel Weise explain in Profit from the Source, procurement should be regarded in a new light, because it has the potential to be a CEO's secret weapon in these fast-moving, disruptive times. The authors offer a wake-up call and a new strategic blueprint for leaders everywhere. With vivid stories and in-depth case studies, they illustrate that no other business function offers the same holistic view of a company—from suppliers who provide the organization with raw materials and components to consumers who buy the finished product. While it's true that a core task of any procurement function is to keep costs from spiraling out of control, the authors show how procurement can help businesses generate phenomenal value from five other sources of competitive advantage critical to success—innovation, quality, sustainability, speed, and risk reduction. Drawing on BCG research and the authors' firsthand experience working with some of the world's leading companies—in high tech, automotive, consumer goods, and many other industries—Profit from the Source provides proven strategies to drive new bottom-line, as well as top-line, growth for your company.

E-procurement

E-procurement
Author: Dale Neef
Publisher: FT Press
Total Pages: 230
Release: 2001
Genre: Business & Economics
ISBN: 9780130914118
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In the e-world it is the B2B marketplace. And in the B2B marketplace, the hottest thing--and the thing most likely to turn companies a profit--is e-procurement. This book provides the platform for establishing a company's eprocurement strategy and the necessary steps that will follow in implementing that strategy.

Managing Indirect Spend

Managing Indirect Spend
Author: Joe Payne
Publisher: John Wiley & Sons
Total Pages: 323
Release: 2021-05-12
Genre: Business & Economics
ISBN: 1119762367
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Managing corporate spend is far more complex than conducting RFPs. Learn how the most efficient and effective procurement departments operate, control costs, enforce compliance, and manage indirect spend. Managing Indirect Spend provides executives and procurement professionals with the knowledge and tools necessary to successfully reduce costs with a strong focus on the often-overlooked area of indirect spend. It also offers great value to those procurement and purchasing professionals aspiring to be leaders in the profession, regardless of the spend they manage. It includes an overview of the challenges faced when sourcing indirect spend categories, a detailed dive into the strategic sourcing process, tools that can help drive savings, technologies that drive efficiencies and compliance, and examples of success based on real-world experience. It is a how-to guide that clearly covers sourcing engagements of any complexity and provides the details needed to source effectively. The book is structured into sections covering the sourcing and procurement process, the tools and technologies, examples from the field, walkthroughs of specific sourcing engagements, guidance on building an effective sourcing team, and the information needed to become a best-in-class sourcing organization. Since the initial publication of this book, the procurement profession and the discipline of Strategic Sourcing have matured. Markets have changed, processes developed, trends have come and gone, and technology has experienced leaps and bounds, posing new and interesting challenges for procurement professionals. In addition to covering tried-and-true practices for strategic sourcing, this Second Edition discusses how strategic sourcing has evolved and provides an update on the techniques, tools, and resources available to purchasing groups. This book: Includes updated coverage of everything you need to know to source more effectively Covers the latest trends in procurement and sourcing, including technology, process improvements and organizational design Presents guidance for reducing costs through strategic sourcing, no matter what the economic climate or level of maturity of the existing procurement organization Shows how effectively managing indirect costs can provide a huge impact on bott m line growth Introduces Market Intelligence (MI), including techniques, tools, and resources available to procurement and supply chain management groups With tools, real-world examples, and practical strategies, Managing Indirect Spend provides insider guidance for big bottom-line growth through effective management of indirect costs.

The Technology Procurement Handbook

The Technology Procurement Handbook
Author: Sergii Dovgalenko
Publisher: Kogan Page Publishers
Total Pages: 329
Release: 2020-04-03
Genre: Business & Economics
ISBN: 1789662117
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With the rise of cloud services and the digitization of all business units, procurement managers need to understand how to buy technology services in order to generate revenue, drive innovation and retain customers. The Technology Procurement Handbook provides a structured and logical view of the digital buying process. It includes invaluable advice on how to manage digital demand, prepare sourcing strategies, analyze the cost and benefits of proposed solutions and negotiate and implement comprehensive agreements. The Technology Procurement Handbook examines the multiple streams of data that feed into the technology procurement process, such as ITIL service lifecycle data, PMI project management and cloud and software contract provisions. The book includes case studies and extensive practical advice based on the authors experience from recent procurement projects. There is also a chapter on modular contracting for the US market, explaining the use of agile contracts for IT projects.

Spend Analysis

Spend Analysis
Author: Kirit Pandit
Publisher: J. Ross Publishing
Total Pages: 273
Release: 2008-02-15
Genre: Business & Economics
ISBN: 1932159932
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Spend analysis is a key component of strategic supply management. This book provides in-depth guidance on what spend analysis really is, what it specifically involves, and how to use it to help your organization achieve its full potential.

The Purchasing Chessboard

The Purchasing Chessboard
Author: Christian Schuh
Publisher: Springer Science & Business Media
Total Pages: 239
Release: 2011-11-27
Genre: Business & Economics
ISBN: 1461422213
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The approach used on a given spend item should largely depend on the balance between supply power and demand power. That is the logic behind the bestselling Purchasing Chessboard®, used by hundreds of corporations worldwide to reduce costs and increase value with suppliers. The 64 squares in the Purchasing Chessboard provide a rich reservoir of methods that can be applied either individually or combined. And because many of these methods are not customarily used by procurement, the Purchasing Chessboard is also the perfect tool for helping buyers to think and act outside the box and find new solutions. A well-proven concept that works across all industries and all categories in any given situation, it is little wonder that business leaders and procurement professionals alike are excited by, and enjoy strategizing around, the Purchasing Chessboard. This second edition of The Purchasing Chessboard addresses the new realities of a highly volatile economic environment and describes the many—sometimes surprising—ways in which the Purchasing Chessboard is being used in today's business world. Yet despite all of the great achievements of procurement executives and their teams, they do not always receive the recognition they deserve. In response, the authors have developed and outlined within the book an unequivocal approach to measure procurement’s impact on a company’s performance—Return on Supply Management Assets (ROSMA®).

The 20% Solution

The 20% Solution
Author: Joel Roth
Publisher: AuthorHouse
Total Pages: 214
Release: 2008
Genre: Business & Economics
ISBN: 1434363554
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This little Collection of Poems and Songs represents 50 years of the writer's work and "reflective style of living" from age 15 to 65, all but one previously unpublished. The partial product of a small-town childhood and a Midwest education during the post-war 40's, the politically apathetic but musically revolutionary Rock-n-Roll 50's, and the Socially Revolutionary 60's, with influences as diverse as Mother Goose, Ayn Rand, Buddy Holly, Robert Heinlein, A.A. Milne, Woody Guthrie, Robert Frost, Thoreau, Poe, Bob Dylan, Lewis Carroll, and Walt Kelly's "POGO", among others, known or not, this work covers a wide range of styles from "doggerel" to blank verse to lullabies, and a range of subjects and ideas from observations of nature and people to love-poems, homages, satirical parodies, and meditations on life and death and beyond. Herein you may find silliness and satire, grief and grievances, political commentary, or retrospectives of crossed paths with girls, animals, lakes and mountains, presidents, children, friends and strangers, even ants--not all of them, perhaps, what they first seem to appear, but all special and memorable enough to stand out, or as they do here, stand alone. By the author's own admission, "Certainly there have been ideas, moments, even people missed or forgotten along the way and no doubt much remains to be noted and commented on, but the places I go and the people I 'meet' just continue to 'sing' to me. Many "grab" me immediately, while some "sneak up on me" and surprise me later." Will Rogers was famous for saying, "I never met a man I didn't like!" For Paul, the "operative word" there is "MET": that is: "Discovered"--or came to know and understand--or "saw through" to the "Song" within. "That", he says, "Is how people "sing" to Me--every time I stop to listen--and to Care--as if each were truly unique and each one genuinely mattered!." Meanwhile, "the beat goes on" and the Music never stops. And so, He says, " I'll just keep listening and learning, and sharing --- and trying to "keep in tune" --- perhaps the best is yet to come! ---- One can Always Hope ! "

Social Procurement and New Public Governance

Social Procurement and New Public Governance
Author: Josephine Barraket
Publisher: Routledge
Total Pages: 138
Release: 2015-10-23
Genre: Business & Economics
ISBN: 1135100381
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In recent years, the search for innovative, locally relevant and engaging public service has become the new philosophers’ stone. Social procurement represents one approach to maximising public spending and social value through the purchase of goods and services. It has gained increasing attention in recent years as a way that governments and corporations can amplify the benefits of their purchasing power, and as a mechanism by which markets for social enterprise and other third sector organisations can be grown. Despite growing policy and practitioner interest in social procurement, there has been relatively little conceptual or empirical thinking published on the issue. Taking a critically informed approach, this innovative text examines emerging approaches to social procurement within the context of New Public Governance (NPG), and examines the practices of social procurement across Europe, North America, and Australia. Considering both the possibilities and limitations of social procurement, and the types of value it can generate, it also provides empirically-driven insights into the practicalities of ‘triple bottom line’ procurement, the related challenges of measuring social value and the management of both the strategic and operational dimensions of procurement processes. As such it will be invaluable reading for all those interested in social services, public governance and social enterprise.

The Category Management Handbook

The Category Management Handbook
Author: Andrea Cordell
Publisher: Routledge
Total Pages: 190
Release: 2018-04-27
Genre: Business & Economics
ISBN: 1351239562
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Category management is one of the biggest contributors of commercial value in the area of procurement and supply chain. With a proven track record of successful delivery since the early 1990s, it helps organisations gather and analyse key data about their procurement spend before subsequently creating and delivering value-adding strategies that change the value proposition from supply chains. The aim of category management is to find long-term breakthrough strategies that help lift an organisation’s commercial performance to a new level. Because of its strategic long-term orientation and complex execution, category management has long been the preserve of commercial consulting companies – in effect a ‘black box’ toolkit shrouded in expensive methodologies. This practical handbook lifts the lid on category management by providing readers with a step-by-step process and established toolkit that allows them a ‘do-it-yourself’ approach. Each activity is presented as a simple tool or technique for practitioners to apply to their own organisations. To support each activity, easy-to- use templates and checklists have been provided, together with simple but practical hints and tips for implementation. This handbook is a ‘must read’ for all procurement and supplychain managers looking to find significant improvements in their organisations. Its practical approach cuts through long-winded consultant-speak and provides an easy-to-use practical toolkit for everyday application.