spendmatters
 

May 22, 2012

 

New Research: A Foundational Look at P2P (Including eProcurement) Technologies and Vendors

Spend Matters has been on a research publishing roll of late, churning out study after study. Lest you think I can keep up this pace on research and analysis on my own for any longer, this is the reason I've brought in Thomas Kase as a Principal Analyst to help. Our latest research report is titled: A Foundational Look at P2P Technologies. It's the first paper in our 2011 Compass Research Series:P2P and Working Capital -- Bridging Technology & Collaboration to Drive Savings and Cash. In our view, the history of the purchase-to-pay (P2P) technology market, while relatively short in duration, has certainly seen its share of fireworks and fire drills over the past decade and a half. We wanted to explore the market state of P2P platforms from basic, hosted e-procurement capabilities to broader deployments combining both best-of-breed and ERP technology components. And we wanted to dumb down a high-level analysis to the most basic level given the potential for serious complexity in more detailed analyses.

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"Optimisation" vs. "Optimization": Translates the Same; Extracting Value From Complexity

When I first met Peter Smith (who is Managing Director of Spend Matters Europe LTD and Editor of Spend Matters UK/Europe), I knew the man understood procurement. And I knew he could write based on his recent book published by The Economist press: Buying Professional Services. But to be candid, I was not sure how up to speed on new procurement technologies he was. He, too, I think expressed some concern that I'd spend too much time educating him on the topic. Boy, were both of us wrong. In the first Spend Matters Europe/UK research paper, Sourcing Optimisation -- Extracting Value from Complexity, Peter goes into excellent and eloquent detail as he unearths the value of sourcing optimization technology from a true executive, practitioner mindset. The paper, which is free for download (as all Spend Matters research is) via the above link, looks at the ways in which optimization tools are changing and how organizations can achieve increased value and performance from large-scale and complicated sourcing challenges.

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New Research: Trapped by Procurement BPO? Don't Get Stuck in the First Place or Un-muck Yourself Now

We're excited to announce the publication of a new Spend Matters Compass series research brief: Trapped by Procurement BPO? How to Pull Your Organization Out of the Mire. Authored by Phil Fersht, Founder and CEO, HfS Research and Deborah Kops, Research Fellow, HfS (with additional commentary and editorial oversight by yours truly), this is probably the hardest hitting piece of BPO analysis we've done to date. Part of the challenge that's stunting Procurement BPO growth is the market myth that Procurement is an "easy-peasy" function to source and implement. In reality, Procurement BPO presents a minefield of challenges right from the start. And only the few who have been brave enough to implement it across the enterprise are the wiser. In this analysis, we set out to explore all the traps that every CPO should think about when considering a procurement BPO program.

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New Spend Matters Services Procurement Research: Getting the Most From Analytics and Benchmarking

Getting the Most From Analytics and Benchmarking

Nearly all of the vendor management system (VMS) providers that Spend Matters has recently spoken to suggest that analytics and reporting is what differentiates them from the rest. Yet in terms of absolute capability, Spend Matters believes that procurement, HR and IT organizations rarely get what they need from VMS analytics in the their own deployments. When it comes to services procurement, the fundamental challenge is that rather than using analytics as a means to explore a potentially infinite number of datasets and opportunities, Spend Matters has observed that the majority of VMS deployments rely on no more than a dozen or so canned reports to drive basic insights and reporting on a periodic (e.g., quarterly) basis.

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Procurement Staff Augmentation: Savings for (Almost) Nothing and Consultants for Cheap

Well, it's not quite worthy of being immortalized in a Dire Straits tune, but the latest Spend Matters Perspective, Analyzing the Rise of Procurement Staff Augmentation Services: 2011 Update is now available. Back in 2008, we set out to understand in our very first piece of downloadable research why staff augmentation services within procurement were on the rise. Flash forward three years to 2011, and our early analysis is still relevant, given the boom in overall demand for temporary skill bodies in procurement organizations. There are several reasons behind the evolution of how CPOs and procurement management are tapping third-party resources to drive sourcing and related changes, not the least of which is that staff augmentation resources are easier to get through internal approval processes than consultants (which perhaps explains why a range of consultants are more aggressively targeting this growing and potentially lucrative market).

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New Research: A Foundational Look at the Evolution of Sourcing Technology and Platforms

Even though there used to be a lot of useful research on the souring technology market, general analyst coverage on these critical tools has materially declined over the years (except for the odd forced ranking/quadrant exercise, here and there). Yet the rate of change and evolution within the market has recently picked up considerably, and it's not easy to capture -- let alone compare -- the nuances of different vendor approaches in a clean 2x2 segmentation or ranking. Because the opportunity to inject a new level of analysis and color into this market is currently missing, we decided to incorporate vendor-focused sourcing and commodity management as a core component of our 2011 Compass Series research, and we're pleased to announce the first paper in this year-long effort: A Foundational Look at the Evolution of Sourcing Technology and Platforms. The report is free to Spend Matters readers and can be downloaded for free, via link above.

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Spend Matters Research: Spend Analysis Quantum Leaps with Three New Strategies

I've come to feel that at least a portion of our research over the years has become as pedantic and distant from the actual practice of procurement as much of the traditional analyst/research house material we set out to complement. But when it comes to purchase-to-pay and e-sourcing, it can be difficult to bring the nuances of different functional technology capabilities alive in two dimensional prose -- often seeing is believing and there is no replacement in an evaluation or even shortlist exercise without touching, feeling and having a provider create demonstration scripts based on your own unique requirements. Despite the challenge of enlivening this material outside of an application environment in an actual notebook, desktop or mobile client, I think we're making strides in some of our recent research to quickly get at the tangible business impact that specific approaches and tools can have. Our latest Spend Matters Perspective, Spend Analysis -- Making Quantum Leaps: Exploring the Realm of Possibility and Savings with Three New Strategies attempts to get at the core of how new spend analysis approaches are changing the practice and even charter of procurement and traditional cost reduction exercises.

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