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How to incorporate digitalisation into your payment process

By: Alexandra Pogacean | April 8, 2019

As per the most recent survey done by Deloitte CPOs main interest and goal is still to achieve cost reduction (79%). Their research also discovered seven main areas that are of major interest for high-performing procurement leaders:  Photo credit: The Deloitte Global Chief Procurement Officer Survey 2018 In this article, we’ll try and address the […]

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The Quest for Sourcing Excellence – Part 3

By: Andrada Sabo| March 22, 2019

In part 2 of this blog series we uncovered the 6 steps companies need to follow in order to get a good understanding of their strengths and weaknesses when it comes to their current sourcing process. We want to first just put it out there: It’s OK to have weaknesses. All the successful organisations have […]

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Aligning Procurement Strategy with the Business Strategy

By: Alexandra Pogacean| March 19, 2019
procurement strategy

Procurement has become a key enabler in the generation of incremental profits and is now  becoming the custodian of third party risk awareness and risk mitigation. This trend has been an evolving journey for over 50 years. In particular, looking back at the statistics post 2008 when the world experienced the global financial crash, organisations […]

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The Quest for Sourcing Excellence – Part 2

By: Andrada Sabo| March 14, 2019

In the first part of this blog series we tried to illustrate the role that sourcing plays in the success of an organisation’s procurement strategy. It’s clear, having a strong sourcing process in place can help deliver significant savings and get more value from the procurement function.    But how do we get sourcing to […]

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The Quest for Sourcing Excellence – Part 1

By: Andrada Sabo| March 6, 2019

Over the last decade there have been many debates about the importance of having an effective procurement strategy in place. It is nearly impossible these days to keep cash flowing smoothly without a well-documented strategy.  We have moved on from the premise that the procurement strategy needs to cater only to the procurement function, now […]

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The importance of a successful RFx process

By: Alexandra Pogacean| March 4, 2019

  Before choosing a P2P implementation partner or a P2P software provider your organisation should ensure that it is aiming for the best possible outcome for its needs rather than just the best in breed solution. It is important to be willing to have a real conversation about what the products can or cannot do, […]

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Meet the Team – Loredana Dobos, OPS Team Lead

By: Alexandra Pogacean| March 1, 2019

This month we had the pleasure of chatting with our colleague Loredana Dobos, one of our Operational Procurement Support Team Leads, based in Cluj-Napoca. Lore is a true professional when it comes to her job but also a very kind person. She loves SciFi books and has 2 very cute pets (a cat and a […]

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Category management vs Strategic sourcing – The differences

By: Andrada Sabo| February 22, 2019

Purchasing the best goods or services available, at the best price-quality ratio, with the optimal delivery time, from suppliers that comply with your company’s values, while also optimising the procurement process and achieving savings, can be quite a hassle whether you are a small company or a huge enterprise. There are many theories around the […]

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Procurement implementation – reducing the risk of delays

By: Alexandra Pogacean| February 19, 2019
procurement implementation

It’s not just about implementing a source to pay solution. Most companies tend to focus too heavily on the implementation period, putting the majority of their efforts and attention on this section of the journey. However, the two areas that seem to get the least attention, but are equally as important, are the pre and […]

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