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📣 | BIG NEWS | Focal Point has been named in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Spend Orchestration 2024 Vendor Assessment. Procurement is at an inflection point and this recognition validates Focal Point’s true value as a tool for centralizing and normalizing your data so procurement teams can make better decisions that lead to BIG savings! View the full report 👉 https://lnkd.in/dyjMEpVD #FocalPoint #Procurement #IDCMarketScape

In this clip from our latest webinar, "Increasing Vendor Participation - Don't Go It Alone," Jeffrey Haag, Vice President of Business Development at mdf commerce, shares his insights on the recent changes in the vendor management space and his positive outlook for the future. Check out the entire webinar here: https://bit.ly/4bLMRTy #NIGP #procurement #supplierdiversity

One of the most common misconceptions about Procurement, especially in companies that don't manufacture goods, is that we only focus on negotiating SaaS contracts. While it's true that our team handles SaaS sourcing and negotiations, that's just a small part of what we do. Recently, I attended Zip's User Conference, where one standout session focused on creating visuals to represent an organization’s vendor spend. This helps highlight the resources needed to manage different categories by department. The session had a unique and memorable title: "The Periodic Table of Spend." I created my own version, which visually represents our spend categories. The fun part was color-coding the areas handled before Procurement was involved and showing the impact we can make after the department is established. Beyond the usual savings reports and department-specific results, this approach is a great way to tell the story of the value a Procurement team can bring. #strategicsourcing #sourcing #procurement #categorymanagement #procurementleaders #vendormanagement

Procurement is crucial for securing value in businesses, especially amidst evolving SaaS contract dynamics. However, at Vertice we have seen a concerning trend emerge as suppliers withhold renewal quotes until 30 days out, despite customer requests far earlier. This lack of transparency obstructs Procurements efforts, forcing last-minute decisions that may not align with needs. Delayed renewal quotes also allow vendors to potentially alter pricing terms, complicating negotiations and eroding trust. It's a short-sighted approach, prioritising revenue over long-term relationships. Procurement must advocate for early engagement and transparency to ensure strategic alignment and mitigate unnecessary renewals. By fostering open communication and fair practices, Procurement can drive change and protect organisational interests. Early engagement is vital for building win-win outcomes and ensuring businesses acquire the right solutions. If your suppliers refuse to give you quotes 90+ days out, you could be in for a nasty surprise! #procurement #sourcing #saas

CPO 2025: Evaluating the Four Pillars of Strategic Sourcing Join Ardent Partners and Coupa on December 11th (2 PM ET) as they discuss CPO 2025: Evaluating the Four Pillars of Strategic Sourcing. The pressure on procurement to deliver savings approached all-time highs in 2024, making the CPO’s Source-to-Contract (“S2C”) operation more important than ever. The year ahead looks just as daunting, which means that having (and selecting) the right underlying S2C platform will be critical to meeting the CPO’s 2025 targets. CPOs can hit the ground running in the new year by attending this webinar which unpacks the results of a new one-of-a-kind report from Ardent Partners that evaluates the primary Source-to-Contract platform providers in the market today. All qualified registrants will receive a copy of the report. An expert panel delves into each of the four pillars of S2C technology: • Spend Analysis • eSourcing • Contract Management • Supplier Management Register here: https://lnkd.in/ecRjm7-h Don’t miss this power-packed session with deep insights, practical takeaways, and a new report from Ardent Partners.

Exciting news from the Velocity Procurement team! We're currently at ProcureCon West, hosted by ProcureCon US, in Las Vegas this week. We're thrilled to connect with procurement leaders from across the country to discuss the latest in procurement technology, processes, and people. You can visit us at booth #305 to learn how to elevate your procurement organization. We can't wait to share our insights and secrets to success! #ProcureConWest #Procurement #VelocityProcurement

We’re thrilled to share that NPI has been named to the 2024 Spend Matters 50 Providers to Know list! This honor reflects our deep commitment to helping large enterprises eliminate IT overspending and make smarter purchasing decisions. A huge thank you to our team and amazing clients who make this possible! Here's what Spend Matters' Meena Ibrahim says about why NPI was named a Provider to Know: “NPI excels as a service-led IT spend optimization vendor with over 21 years of experience, offering personalized consultancy and tailored procurement solutions. By combining SaaS management, cost optimization and strategic vendor insights, NPI helps large enterprises navigate complex IT procurement challenges, leveraging deep expertise and proprietary intelligence to optimize spend across SaaS, hardware and professional services." Read more here: https://lnkd.in/eMHz4WRJ #ITProcurement #ITSourcing #SpendMatters50toKnow

Exciting news from the Velocity Procurement team! We're currently at ProcureCon West, hosted by ProcureCon US, in Las Vegas this week. We're thrilled to connect with procurement leaders from across the country to discuss the latest in procurement technology, processes, and people. You can visit us at booth #305 to learn how to elevate your procurement organization. We can't wait to share our insights and secrets to success! #ProcureConWest #Procurement #VelocityProcurement

Exciting news from the Velocity Procurement team! We're currently at ProcureCon West, hosted by ProcureCon US, in Las Vegas this week. We're thrilled to connect with procurement leaders from across the country to discuss the latest in procurement technology, processes, and people. You can visit us at booth #305 to learn how to elevate your procurement organization. We can't wait to share our insights and secrets to success! #ProcureConWest #Procurement #VelocityProcurement

CPO 2025: Evaluating the Four Pillars of Strategic Sourcing Join Ardent Partners and Coupa Software on December 11th (2 PM ET) as they discuss CPO 2025: Evaluating the Four Pillars of Strategic Sourcing. The pressure on procurement to deliver savings approached all-time highs in 2024, making the CPO’s Source-to-Contract (“S2C”) operation more important than ever. The year ahead looks just as daunting, which means that having (and selecting) the right underlying S2C platform will be critical to meeting the CPO’s 2025 targets. CPOs can hit the ground running in the new year by attending this webinar which unpacks the results of a new one-of-a-kind report from Ardent Partners that evaluates the primary Source-to-Contract platform providers in the market today. All qualified registrants will receive a copy of the report. An expert panel delves into each of the four pillars of S2C technology: ·        Spend Analysis ·        eSourcing ·        Contract Management ·        Supplier Management Register here: https://lnkd.in/gqwwint9 Don’t miss this power-packed session with deep insights, practical takeaways, and a new report from Ardent Partners. #Coupa #ArdentPartners #Procuement #Chiefprocurementofficer