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Category Archive for: ‘Purchasing’

  • Spend Management: A Necessary Evil?

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    Several articles and white papers have been written about spend management and spend analytics. Let’s use Wikipedia to define each one: Spend analysis is the process of collecting, cleansing, classifying and analyzing expenditure data. Spend management is the way in which companies control and optimize the money …

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  • Purchasing Strategic Planning: CPOs, Have You Done Your Homework?

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    Every single year all companies face the budget planning cycle. At company level, this is defined as the revenue target, the costs and expenses to run the company, and, the profitability for the following year. In a perfect world this process should be two-way street …

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  • Benchmark in Purchasing: Are You Worst-In-Class?

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    Wikipedia explains that the term benchmarking was first used by shoemakers to measure people’s feet. They would place someone’s foot on a “bench” and mark it out to make the pattern for the shoes. Today’s definition of benchmarking: “It is the process of comparing one’s business processes …

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  • ATK 2011 – Procurement Leaders

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    AT. Kearney developed a methodology called AEP – Assessment of Excellence in Procurement where 185 leading companies describe lessons learned in search for Effectiveness and Efficiency for Purchasing function. It describes how these companies found Seven Ways to Lasting Results. PM2 Consulting provides the core …

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  • Hackett Group -The CPO Agenda 2012

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    CPO Agenda from Hackett Group describes the top key issues Purchasing function is facing in 2012. Again, this study reinforce the need of having Strategic Sourcing, Category Management and SRM in order to have a more effective and efficient organization. PM2 Consulting provides work process …

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