As businesses begin to return to their offices, departments will likely be receiving emails from the CFO explaining that corporate-wide budgets will be reduced until the company fully returns to regular business operations. This likely means any large technology investments will be on hold. For procurement, this also means working harder to uncover additional areas of savings to help the bottom...

Enterprise asset management systems (EAMs), such as IBM Maximo, deliver clear value to businesses managing important physical assets. However,  they often fall short in the area of Procurement, delivering a cumbersome experience for the purchase of materials needed to support maintenance or service calls, taking time and resources away from their focus -- keeping assets available.  

We’ve recently discussed the challenges, analysts’ opinions, and visions of the future for AP automation. BuyerQuest customers have seen the value of automating accounts payable as part of a broader procure-to-pay strategy and have achieved impressive results transforming their cumbersome, manual accounts payable processes and building intelligent, automated workflows that save time, resources,...

When procurement experts discuss procure-to-pay,  they most often focus on the "pay" portion. The reality is that the number of users impacted during payment is minuscule compared to the number of buyers. Consider a company that has 100 employees. Conservatively, maybe 1 or 2 of them work in accounts payable. However, at that same company, all 100 employees have probably purchased something on...

Comprehensive Digital Knowledge Portal Provides Single Point for Various BuyerQuest Stakeholders to Access Relevant Documentation

(Berea, OH) - BuyerQuest announced today the availability of its recently sponsored research report by Ardent Partners entitled "CPO Rising 2017 - Tools of the Trade" This twelfth annual CPO-themed report, CPO Rising 2017, is part of an ongoing dialogue that Ardent Partners has had with CPOs and other procurement leaders for more than a decade.

In the early days of eProcurement, the only type of catalogs were ‘static catalogs’. With static catalogs, suppliers would send a MS Excel (.xls) or .csv file to their customer. The customer would manipulate, format, and eventually load the static catalog into their respective eProcurement system. At this time, the ERP solutions (and Ariba) were really the only solutions that supported internal...

We live in a time of enormous change for Supply Chains. In the last decade, we have seen massive technology shifts that have disrupted industries and redefined competitive market boundaries. While much of the focus on these shifts has largely centered around the move to cloud and the advancements being made in cognitive computing, there is one massive shift underway across the Supply Chain that,...

If a procurement system has reached the end of it’s time, organizations will see the red flags flying. The solution is stale, inflexible, and impersonal. While many organizations reach this point, they are comfortable with their old system and don’t explore what’s possible with a next-generation solution.

I’d like to think my experiences over the past year-and-a-half diving headlong into the procurement industry has garnered some valuable observations and led to some interesting insights about the technology. I can recall a conversation with a friend working in finance at a major manufacturing company that ended with, “Procurement … you mean those people that tell us they’re going to save millions...