category management

Deploy a Strategic Category Management Solution to Maximize ROI

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Defining Category Management Category management has a decades-long history that has lead us to our modern understanding of procurement categories. Created in the 1980s, category management was originally the process of grouping products into categories based on how consumers used them. Originally created by marketing teams, category management helped retailers increase sales by minimizing unproductive […]

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managing outsourcing risk

Managing Outsourcing Risk: A New Framework for Banking and Beyond

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In recent years there has been an increase in the outsourcing of services by banks in order to reduce costs and improve their efficiency and flexibility. Outsourcing makes it possible to take advantage of economies of scale and is a form of easy access to new technologies and to tools and services not available in […]

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integrated s2p solution

How Businesses Benefit from an Integrated S2P Software Solution

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Source-to-Pay software or, simply put, S2P is an integrated suite of applications developed to take care of and manage each and every process within the procurement function. A typical S2P solution can effectively manage purchasing activities that range from spend analysis, e-auctions, purchase requisitions, sourcing events, invoice and payment processing and vendor relations. A well implemented S2P solution can [...]

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transparent banking procurement

How Banks Can Improve Transparency in Procurement for Better Compliance

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Banking is a unique industry in many respects. It’s one of the most profitable, but also one of the most competitive. Procurement in Banking also faces unique challenges due to the tough regulatory compliance environment that sets limits on how Banks can achieve goals like cutting costs. But there’s another aspect, often overlooked, that sets [...]

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Sustainable procurement

Why The Time Is Now for Sustainable Procurement

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Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Over the past several years, f ew topics have been as critical for global corporations as sustainability – investors, consumers, executive teams […]

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Hackett CPO Agenda 2019: Procurement focus areas

Hackett CPO Agenda: What’s Top of Mind in Procurement?

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“Do more with less.” Words that send a shiver down many a manager’s spine. But with budgets growing more slowly (1.3%, versus 2.7% in 2018) and expectations of cost and efficiency savings growing faster than ever, that is the reality faced by procurement professionals. The Hackett Group’s CPO Agenda is always eagerly awaited, and this […]

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challenges-maverick-spend-procurement

Maverick Spend: It’s Not Just about the Money

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In a world where nearly any purchase is just a click away, keeping maverick spend in check has become one of the top challenges facing procurement. The vast majority of maverick or “rogue” spending happens for perfectly innocent reasons: convenience, laziness, ignorance, or people just being in a hurry. True, sometimes there is an element […]

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5 Tips To Maximize Your Conference Experience at ISM 2019

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We’re gearing up for the Institute for Supply Management’s (ISM) Annual Conference, ISM 2019, in Houston, Texas, at the George R. Brown Convention Center, one of the largest events in the procurement world with over 2,500 attendees. Whether or not your organization is attending ISM, it’s important to make the most out of any conference experience. […]

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eProcurement catalogue buys

They Bought WHAT? Fascinating Finds from Our eProcurement Catalog

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It’s National Procurement Month. That’s a real thing. It has a hashtag: #CelebrateProcurement. We celebrate procurement every day at JAGGAER, but we still felt like the month deserved a little fun recognition. So with that, we bring you  the oddest, most outlandish, strangest and weirdest-sounding items customers source through our eProcurement catalog. We didn’t make […]

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The extra value add of source to pay solutions

Source to Pay: The Real Value for Purchasing

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Procure-to-Pay (P2P) and Source-to-Pay (S2P) are two terms often used within the software industry to describe digital solutions that create efficiencies within procurement. And while both systems include many of the same features, they are distinctly different in terms of the functionality, control and the value they deliver. In the simplest of terms, P2P solutions […]

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