The recent economic turmoil not only forced many small and large companies in the private sector to rethink their cost management strategies, but also prompted governmental bodies and not-for profits to emphasize agility and be more efficient. With fewer tax dollars collected in the past year, governmental agencies - particularly those at the state and [...]

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Yesterday, my colleague Nick Cherrone looked at how companies should approach their health care spend in the current market. But today, let’s look at how the health care industry can take cost out of their own businesses.
Despite the focus in the media and volatile “debate” over health care in the US, rising costs in doctor’s [...]

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In times of uncertainty and rapid change, whether in sales, operations or spend management, fortune favors those who are positioned to confidently take decisive action and efficiently execute decisions.
For Spend Management organizations, spend data is the currency that allows us decide with confidence and move quickly to implement changes to our supply base. Time [...]

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This quarter’s SupplyWatch report hit the virtual shelves Friday (the condensed print edition will go out to subscribers shortly). In addition to the Core Category Details, this issue includes an interview with Yahoo! CPO Ron Carcamo, a man who was brought into the company 18 months ago to get their spend under control and chart [...]

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One last topic from Spend Management Day in Seattle has been in my queue for a while, and that’s the common theme from several presenters towards processes that empower their employees to work on exceptions to the rule rather than repetitive tasks.
A great example is Expedia, whose contracts department handles a staggering 45,000 active contracts [...]

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