In the process of a Purchase-to-Pay-implementation (P2P), there are quite some opportunities for optimisation. This blog provides you with six best practices for a better implementation of P2P-software; these best practices are gathered by our consultants during implementations of new P2P-software.
New technologies like Artificial Intelligence and Blockchain are expected to have a major impact on the procurement function in the near future. At the same time, we still have to deal with lingering problems in our purchasing department, such as a shortage of time and resources and the lack of standardisation in processes. What does this mean for the future of the procurement profession? What will the next 5 years look like?
This blog answers these questions and uses information from the Zycus Pulse of Procurement research 2018. More than 400 procurement professionals worldwide took part in this survey.
Being the Gold sponsor of the first Zycus-event in Europe, Qando had the privilege of contributing actively to the success of this 3 day-congress. In particular, we hosted our own break-out session which was very well received: Don’t Just buy and implement Procurement Software. Get it Adopted!
As my colleague Jos already described in his blog, the new GDPR-regulation is of great importance for all organisations across the board. Especially for contract managers in the field of IT and their colleagues within that sector, the affirmation of this regulation has many implications on their daily jobs in making sure the organization adheres to it. This blog aims to give a more in-depth view of the implications specifically for the contractmanager and procument personnel.
On 25 May 2018, the current law ‘Wet bescherming persoonsgegevens’ (Wbp) will cease to exist and will be succeeded by the ‘Algemene Verordening Gegevensbescherming’ (AVG), also known as the ‘General Data Protection Regulation’ (GDPR).
Some topics regarding protection of personal data will change as will the consequences of law infringement. This blog describes in short the legislation, the consequences of breaking the law and also provides some touchpoints to mitigate risks in contracts.
IT-vendors often have a strong dominant position in their relationship with organisations and switching between IT-service providers involves high switching costs such as changing interfaces, reorganising processes, training people, and accelerated depreciation. In addition to direct costs, there is a risk of switching between service providers since a loss of production, sales and data may occur in case of failure. Therefore, these service providers can be seen as strategic providers which can have a high impact on the risks and costs of organisations (Kraljic, 1983). Kraljic indicates that a partnership may be the most appropriate strategy to mitigate these risks.
Implementations and the future of procurement
The third day started with sharing experiences during and after the implementation of Zycus, told by Paul Stasko of Curtiss-Wright. They started with rolling out Zycus iAnalyze and realised significant cost savings for Non Product Related (NPR) spend in particular. Subsequently, they started with implementing other Zycus-modules.
Last week three employees of Qando attended Horizon, the largest event of our software-partner Zycus. From all over the world (potential) clients, analysts, experts and partners gathered together at this 3-day procurement congress at the Roosevelt Waldorf Astoria Hotel in New Orleans. A great group of approximately 200 people. Theme of this year: Beyond savings, beyond value.
Continuing improvement is something that every procurement organization strives for. The question is how do you realize this? How can you ensure clear goals that are carried out among employees? What appointments do you arrange and in which manner do you discuss them within the team? Which steps do you have to take during the year to achieve the goals? This article describes how to provide continuous improvement through procurement performance management in five steps.