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Webinar: Strategic Spend Management

Best-in-Class Strategies for CPO Success

Spend under Management refers to the percentage of total enterprise spend (which is comprised of all direct, indirect, and services spend) that a procurement organization manages or influences. The percentage of spend under management at the average enterprise remains relatively flat at 61.2% in 2017. After many years of consistent growth, the industry’s all-out drive to place more spend under management has started to slow with more and more procurement organizations seemingly satisfied to manage around 60% of total spend. Only 16% of all CPOs are focused on increasing this number over the next three years.

While there is no guarantee that managing more spend will result in superior performance, Ardent Partners research has consistently shown that the procurement groups that manage more spend report superior performance across most other key metrics. Ardent Partners research also has shown that for every dollar that is placed under management of the procurement department, the average enterprise sees a benefit of between 6% and 12% during the first contract cycle. Luckily, Ardent Partners and BuyerQuest have some strategies and tips to improve spend under management and help procurement leaders convert it into real value.
Why attend?
  • Learn many of the top strategies used by the Best-in-Class to place more spend under management and manage it better

  • Gain insights into how to turn spend data into actionable intelligence

  • See how procurement teams can leverage their systems and processes to centralize control and improve compliance

  • Gain a free copy of Ardent Partners’ State of Procurement 2017 report

Speakers
Andrew Bartolini, Chief Research Officer at Ardent Partners
Andrew Bartolini is a globally recognized expert in sourcing, procurement, accounts payable, and supply management. At Ardent Partners, Andrew focuses his research and efforts on helping enterprises develop and execute strategies to achieve operational excellence within their procurement and finance departments. Andrew is also the publisher of this site, CPO Rising, the first independent media site written for and about Chief Procurement Officers and other procurement executives.

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Organizer:

Kelly Barner owns, manages, and edits Buyers Meeting Point. She has a unique perspective on procurement from the numerous roles she has held during her 15 years in procurement. Kelly worked for Ahold USA (parent company of grocery chains Stop & Shop, Hannaford, Giant Landover, and more) on their not ...
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