At the recent webinar, Assessing the CFO’s View of Procurement, an audience member asked a question that I’d like to share: What exactly is “spend under management?” Andrew Bartolini, VP and group director of Global Supply Management Research at The Aberdeen Group, answered the question as follows:
It’s an area that I’ve been focused on in [...]

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Cash is king, credit is scarce, and stubborn clouds of uncertainty refuse to dissipate. In this time, maintaining a strong balance sheet and an eye on cash flows is a prerequisite for business leaders seeking to master the twin near-term imperatives of viability and maneuverability.
Scrutiny on money flows outside the four walls of a company, [...]

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When I say “casino”, what’s the first thing that comes to mind?
Probably for most of you, it’s money. Actually more like MONEY. Money being spent, won and lost at breakneck speed. And although you’ve possibly had trips to Vegas where you were up against The House (and ask a gambler, and they’ll always tell you [...]

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While making fun of the way governments purchase has long been a good source of humor in spend management circles, the deficit news coming out now leads one to believe that it is now time to really make something happen.
What do you think? How would you make this happen? Is it a lost [...]

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While the past 12 months represent the most trying economic climate since the Great Depression with hardships experienced seemingly around every turn, from a strategic sourcing perspective, the recession can best be summed up in one word - opportunity. With commodity prices plummeting almost across the board and suppliers desperate for business, the strategic [...]

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