Procurement

Some hear the word ‘compliance’ and embrace it, others hear the word and fear it. ‘Compliance’ is a concept that haunts nearly many professional across the greater enterprise, no matter the function: IT, finance, human resources, procurement, and accounts payable. But in reality, there is no reason for dread, to the contrary – it should [...]

[Editor’s Note: Join us tomorrow, July 24 at 12pm ET, for a complimentary webinar presentation entitled “Is Your Procurement Team Best-in-Class? Four Key Enablers for Success” (click to register), sponsored by Canon and Tradeshift.] In 2019, the tried and true procurement strategies still work. But, it is clear today that the procurement profession needs new, [...]

I hope that even casual readers of our sites know that my firm, Ardent Partners, has spent that past decade performing extensive market research in the areas of sourcing/procurement, accounts payable/payments, and contingent workforce/Future of Work. In that time, Ardent has benchmarked thousands of distinct organizations across all aspects of their programs. With such an extensive [...]

The way enterprises do business has changed significantly over the past 15 years, and these shifts – in communication technologies, in business-to-business (B2B) commerce, and in financial tools, among others – have impacted few departments more completely than procurement and accounts payable (AP). As a result of today’s evolving business landscape and a focus on [...]

Much has been in the news lately about what happens when two groups cannot, or will not work with one another to solve (major) pressing issues. Most of us are familiar with the saying “Teamwork makes the dream work” by John C. Maxwell, internationally recognized leadership expert, coach, and author. In business, as in politics, [...]

[Editor’s Note: In Ardent’s “Supply Management Metrics that Matter in 2018” (click to download), we discuss the supply management industry’s best and most widely used metrics that can inform and educate procurement and AP professionals on what is happening in the market and how best to build a high-performing department.] The concept of an intelligent [...]

Last week, I discussed the challenges Accounts Payable (“AP”) and Procurement organizations face attracting talent in today’s hyper-competitive labor market. This week I want to cover the second half of the ‘New Approach to Procurement Talent Management’ session I moderated at Ardent Partners’ CPO Rising 2018 Summit in Boston last month. This portion of our [...]

A couple of weeks ago I had the honor of moderating a panel discussion on talent management at Ardent Partners’ CPO Rising 2018 Summit in Boston. My expert panel included Ryan Murray, Deputy Chief Procurement Officer, New York City, Vincent Pernetti, Deputy Director of Contracts, New York City and Christopher J. Dwyer, VP of Research, [...]

The development of a Best-in-Class P2P program takes, among other things, sponsorship, effort, collaboration, vision, expertise, and a supporting technology infrastructure. Superior program design also remains a critical element in the speed and level of P2P excellence and financial agility that is ultimately achieved. With that in mind, please join Ardent Partners’ Founder & Chief [...]

Editor’s Note: Ardent Partners recently published our annual AP-themed report, The State of ePayables 2017: The Convergence of Cash, Suppliers, and Intelligence. Today’s article is part of an on-going series focused on the report’s key findings. If you would like to get the full report, it is available for download here (registration required). Historically, the Accounts Payable (“AP”) [...]