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eProcurement & Procure-to-Pay Resources

eProcurement and the Role of Punchout Sites

Posted by Dan Utyuzh on Dec 20, 2016 2:00:17 PM
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...
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2017 Trend: Millennials Are Redefining Your Software Usability Requirements For The Supply Chain.

Posted by Jack Mulloy on Dec 9, 2016 11:12:07 AM
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,...
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BuyerQuest and McDonalds Explain How to Successfully Transform the Procurement User Experience Across a Distributed Footprint

Posted by Martin Kelly on Dec 5, 2016 10:45:33 AM
Mike Riordan, CPO for McDonald’s Corporation, and Jack Mulloy, CEO of BuyerQuest, presented to the Procurement Leaders community last week.  The topic was  “Bringing Change Across the Organization by Revolutionizing the User Approach”. Mike spoke about the complexities the indirect spend team faced within the McDonald’s organization due to McDonald’s unique corporate structure and autonomous...
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The Dos and Don’ts of Strategic Change Management

Posted by Salman Siddiqui on Sep 7, 2016 9:48:01 AM
Gallup estimates that U.S. companies lose $50 - $150 billion annually due to failed IT projects. When it comes to procurement, 80% of enterprises “lack the capability to successfully deliver on their postmodern ERP strategy,” according to Gartner. After years of implementing eProcurement solutions, it’s clear that  a leading cause of Procure-to-Pay (P2P) project failure is haphazard change...
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The Best Practices to Follow for Successful Marketplace Search

Posted by Brian Shuey on Aug 30, 2016 11:00:00 AM
Search is an increasingly important component in desktop and mobile experiences. Why? Because improving search capabilities enhances the end user's shopping experience. But it often happens that procurement teams don’t utilize search capabilities to their fullest extent—leaving shoppers frustrated and making purchases from punchout supplier sites. Additional challenges of poor search include: The...
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How to Identify a Best-in-Class P2P Solution

Posted by Ashley Sieb on Aug 26, 2016 10:55:50 AM
Finding the best Procure-to-Pay (P2P) solution to meet your organization’s needs and goals is no small feat. The ideal P2P solution will take the entire organization to the next level through improved realized savings, compliance, and operational efficiencies. So, how do you identify a best-in-class P2P solution? To start, I’ve outlined these must-have characteristics below.
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Is It Time for a New Procure-to-Pay System? 5 Red Flags

Posted by Brian Shuey on Jul 19, 2016 11:00:00 AM
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.
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4 Success Metrics Every CPO Needs to Track

Posted by Matt Setta on Jul 14, 2016 11:00:00 AM
Every member of an organization’s C-suite wants to know: How does procurement contribute to overall goals and strategy? To provide the answer, procurement teams must rely on metrics.
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User Adoption Playbook: How to Drive Remarkable Procure-to-Pay Usage

Posted by Ashley Sieb on Jul 5, 2016 11:20:26 AM
Cutting costs notoriously falls on the shoulders of Chief Procurement Officers (CPOs). As the role of CPO continues to grow in complexity, pressures multiply. According to a report from Ardent Partners, only 51% of CPOs now view cost reduction as a the top challenge today (down from 65% in 2011). While cost reduction is still a critical metric, CPOs and executives are troubled with “softer”...
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BuyerQuest & Innovation: Evolving the field of Procurement

Posted by Kyle Muskoff on Jun 24, 2016 10:00:00 AM
What do the best software companies have in common? They know continuous improvement is key to success. They make innovation a core value. They constantly look for ways to make their customers more successful and improve the user experience.  Our founders created BuyerQuest to give organizations access to a Procure-to-Pay (P2P) approach that drives user adoption, enables suppliers, and boosts...
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