Rachel Henney

Procurement Teams — Are You Tapping into the Full Potential of Your Vendor Contract Data? Don’t miss the opportunity to get a firsthand look at how leading enterprises are leveraging contract analytics to:  - Unlock actionable insights  - Mitigate risks  - Drive cost-savings opportunities Hear from Colin Wojcik, VP, Solutions, and Makesh Kumar, CPO, SimpliContract, in a live webinar on:  📅Thursday, October 24th, 2024   🕚10am ET | 3pm ET   👉 Register today: http://bit.ly/3ZRdnbz    #ContractAnalytics #CLM #ProcurementTech #Webinar #SimpliContract 

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Procurement Tip of the Month: Evergreen clauses—those sneaky little clauses that keep contracts on autopilot, renewing without so much as a "by your leave." One minute you're on top of your game, the next you're knee-deep in commitments you didn’t see coming. Want to avoid that? Flag 'em, track 'em and set alerts like your budget depends on it (because it does). Stay sharp, stay informed, and keep those 'surprise!' renewals off your desk. #ProcurementTips #ContractManagement #NoMoreSurprises #ContractManagement #ProcurementTips #StayInControl"

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It’s here! The State of Procurement Survey Report is now available to download. We asked procurement experts across the country to tell us what’s working – and what’s not – in their processes, how they’re using technology, and what they’re expecting for the future. Now, we present the findings of that survey of more than 100 respondents to give you insight into how to better prepare for the future of procurement. Download the white paper and infographic now. https://lnkd.in/g5ETrV3U

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If you're a procurement and supply chain professional, your job has likely changed significantly since you started it. You now need a broader skill set, including knowing how to wrestle data, automation and AI. While it might feel as if things are changing faster than ever and it’s hard to keep up, it’s absolutely possible to stay relevant and thrive in your procurement career. Here’s how to do just that 👉https://lnkd.in/gxJgn4r3 #Procurement #SupplyChain

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Choosing the right procurement orchestration platform isn't easy. ORO's latest guide will help you choose wisely and avoid common pitfalls when selecting a solution. It also includes sample questions for creating an RFP. https://hubs.li/Q02ClQWM0 #ProcurementOrchestration #Procurement #RFP

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🔥 Fireside Chat with BP’s CPO: Insights from Adam Tucci Don’t miss this exclusive Q&A session with bp’s procurement leader, Adam Tucci. Get inside the mind of a procurement powerhouse. #ProcurementLeadership #BPInsights

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According to Economist Impact study,https://buff.ly/3BA5WLE orgnisations spend around 15% of total orgnisational spend on contingent labor. Thsi is an interesting article that looks at procurements role in helping manage the total workforce requirements for orgnisations. Procurement Embraces Its Workforce Strategy Role - CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT https://buff.ly/48mJphK

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Finding the right partner is important in all aspects of business, including procurement technology solutions. Jake Taylor, ProcureAbility's Senior Director, outlines the top 3 red flags to watch out for when searching for a long-term technology partner who can grow with your procurement organization! 🚩 #ProcurementInnovation #ProcurementLeaders #AIinprocurement

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Are you struggling to build trust with your stakeholders and drive innovation in your procurement processes? 🌟 Discover how purpose-built procurement software can revolutionize your agency’s approach, ensuring transparency, accountability, and community engagement. From leveraging networks to adopting challenge-based procurement, our latest blog breaks down actionable strategies that will help you achieve your strategic goals more effectively. 🚀 Ready to transform your procurement approach? Check out our new blog: https://lnkd.in/dPvWKx9w #PublicProcurement #Transparency #PurposeBuilt

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In a time of significant technological, political and industry-wide change - as a procurement leader, you may find yourself questioning your current strategic approach. It's never too late to pivot and find your new high-performing north star. 📖 Download the eBook - Reimagine Strategy: https://bit.ly/3OwwuAg 📽 or simply watch some of the video highlights: https://bit.ly/3NccjIq It's time to reset - explore The New Rules of Procurement Engagement - Rule 1 recap https://bit.ly/3OwwuAg and learn from the changemakers: Nick Drewe, MEng, EMBA, Caroline Huberdeau, Richard Nixon #procurement #strategy #innovation

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I was fortunate to spend some time with Sagi Eliyahu on the Modern Business Operations podcast where we discussed what strategy means in the Procurement space. I hope you find our podcast insightful. Let me know your thoughts!

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Source-to-Pay technology is always advancing, making procurement data vital for strategic growth. Concepts like 'source of truth' and 'data lakes' are now central to managing and reporting data effectively. Check out these points to find out where your procurement department may be lacking. #S2P #datalakes

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Effective #procurement strategies are critical to driving efficiency, mitigating risks, and maximising value across the supply chain. However, navigating the complexities of procurement requires expertise, experience, and strategic insight. That’s where procurement consulting providers come in. But with so many options available, how do you choose the right procurement consultants for your organisation? We’ve explored the key factors to consider when evaluating procurement consulting providers. https://lnkd.in/ey5c6sak #procurementconsultants #procurementconsultancy

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Only about 30% of procurement requests involve catalog purchases. For those, the process is generally simple, linear, and self-service. But what about the other 70%? ORO is a GenAI procurement platform that orchestrates teams, systems, and processes so employees get exactly what they need without frustration ... regardless of process complexity. Want to learn more about how ORO is helping global enterprises to decrease cycle times, improve compliance, and stay agile in response to change? Schedule a demo today. https://hubs.li/Q02Gf8x-0 #GenAI #Procurement #ProcurementOrchestration

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For procurement professionals in higher education, balancing multiple priorities, often with limited resources, has always been challenging. Add to the mix the goal of promoting supplier diversity. While there has long been an institutional commitment to increasing the pool of suppliers, the results overall have been underwhelming. Why is this so? Read More! https://ow.ly/5N4s50TlkM9 #DiverseSuppliers #HigherEducationProcurement #SupplierDiversity #ProcurementChallenges #SupplyChainManagement

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''What we are seeing in 2024, is that procurement teams are being more proactive about cost reduction, planning how they will support the company’s bottom line'' 👇 Cost cutting is procurement execs’ top 2024 priority: Hackett https://lnkd.in/emj9a_vY #CostCutting #Procurement

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What is important to Procurement Directors? Find out how Prosure360 can support those working in procurement at 👉 https://lnkd.in/eF6-V-qY For Procurement Directors, monitoring supplier performance, compiling monthly reports, and ensuring data security is part of the day-to-day job ☑️ But managing these priorities and hitting targets can be difficult to manage without the support of supplier management software 💻 Prosure360 is tailor-made to address the unique challenges faced by the procurement industry. Find out how by downloading our brochure 👇 #SaaS #Software #SupplyChain #Suppliers #Procurement #ProcurementDirector #SupplyChainSoftware

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