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Modernize Your Finance and Procurement Organization for 2020

How do you know if your finance organization stuck in the past? If you hear mutters of “what contract?” and “wrong version!” as your team and your procurement organization slogs through spreadsheets and emails, that’s a pretty good sign it’s time to modernize your processes. Despite gaining greater visibility and control of sales while improving… read more

Procurement Transformation

How to Succeed in Procurement Transformation Without Really Trying

Here at New York City Sourcing Leaders, an innovative NYC-based network of sourcing and procurement leaders inspired by knowledge sharing and collaboration, we’re all practical visionaries with big plans. But even the grandest of plans always start with small steps toward success. In 2002, the British cycling team had won just one medal in 76… read more

Defining KPIs

Silicon Valley Sourcing Leaders: Defining KPIs to Make Your Blueprint a Reality

More than half of procurement leaders surveyed do not believe that they have the capability in their teams to deliver their procurement strategyٰ¹. Thus, CPOs know they must change how they operate to succeed. To accelerate industry performance, the Silicon Valley Sourcing Leaders (SVSL) meet once every quarter to elevate core capabilities through knowledge sharing… read more

Supplier Management

Transform Supplier Management With Innovative Tips From Fitbit

In early 2015, Fitbit’s procurement organization wanted to make a shift towards a more digitally driven, strategically focused function. To do so, they needed to evaluate their supplier management. At the time, the procurement process was still very manual, whereby excel files were still coming through to the small purchasing team of four, and many… read more