This article discusses the key process steps and implementation of a Procure to Pay (P2P) system. It covers important concepts that need to be understood and a series of steps to conduct, including deciding on stakeholders and sponsors, generating/updating the procurement policy, sourcing the best-fit P2P system, and establishing training sessions.

Managing third-party legal fees is often the responsibility of the legal team. However, with procurement's expertise in spend optimization, it's essential for legal and procurement to work together to minimize legal costs. This blog discusses how procurement's visibility into spend, budget, and cost reduction methods makes them a valuable asset in legal fee management.

This article provides insights on implementing a PCard (Procurement Card) program, including its benefits and costs. With a focus on optimizing procurement capabilities and reducing procurement cycle times, the article offers practical advice on setting up policies and governance to avoid overspending.

In this article, procurement expert Mike Glass discusses how to establish a successful PCard (Procurement Card) program. With the extensive experience in senior procurement management positions at companies like Google, NVIDIA, Fitbit, and Flextronics, Mike offers practical advice on setting up governance and policies to avoid overspending and out-of-control procurement practices. By following the steps and tips provided in this article, organizations can optimize their procurement capabilities and ensure efficient spend management.

In this article Mike Glass provides valuable insights on implementing a PCard (Procurement Card) program, discussing the benefits, costs, and steps needed to establish a successful program. The article emphasizes the importance of setting up governance and policies to avoid overspending and out-of-control procurement practices. The reader will learn how a PCard program can streamline procurement processes, reduce procurement cycle times, and generate an annual rebate.

In this article Mike Glass provides a step-by-step guide for defining the sourcing process and emphasizes the need for good governance. Mike also suggests seeking outside counsel for organizations just starting out to ensure there are no gaps in the sourcing process. An example spreadsheet for RFQ assessment is also provided.

This blog discusses the importance of tracking procurement savings and provides a step-by-step guide to setting up a procurement savings tracker. By tracking savings, businesses can optimize spend and establish an efficient procurement organization.

This blog post discusses the concept of Procurement Business Process Outsourcing (BPO) and how it can be used to optimize a company's procurement process while reducing costs. It provides information on how to source for BPO, create sourcing criteria, and contract terms, as well as how to avoid common pitfalls. The post also suggests seeking outside guidance from a procurement consulting firm to aid in BPO integration.

If you are a sourcing manager struggling to remember all the information from past sourcing events, building a Procurement Knowledge Database (PKD) can be the solution. By exchanging information on past contracts and deals, sourcing managers can optimize their procurement strategy and have better visibility into their overall sourcing environment.

When your company’s contingent workforce grows to over 50 headcount, it is time to consider hiring a managed service provider (MSP) to manage the contingent program. Without central management, governance issues and lack of controls in managing agency markups may arise.

When your company’s contingent workforce grows to over 50 headcount, it is time to consider hiring a managed service provider (MSP) to manage the contingent program. Without central management, governance issues and lack of controls in managing agency markups may arise.

In this article, Michael Glass discusses how the procurement capability of a company depends on its maturity level.

In this blog we discuss 5-step procurement process that will help to address the needed priorities and pain points, learn about your client, and get a multi year commitment.

Michael Glass challenges procurement leaders to rethink their approach and offers three suggestions to help them better manage the company's spend.

Integrating vendors from a company acquisition can be a complex and time-consuming process. However, with the right preparation and planning, it can lead to significant cost savings and streamlining of procurement processes. Today we discuss key steps to follow for a successful vendor integration.

When choosing a Contract Lifecycle Management (CLM) toolset, it's crucial to have legal take the lead with support from finance and procurement.

This blog offers 5 procurement career development tips to individuals who have recently graduated and landed a job in procurement. The tips provided will help individuals take their career to the next level in procurement.

As procurement organizations strive to meet the expectations of their business owners, a key focus must be placed on managing procurement cycle time. Understanding each procurement process and the associated cycle times is crucial to determining how to optimize the process.

This blog post explains how to implement spend analytics, a tool that provides insight into an organization's procurement spend, allowing businesses to analyze spend and identify cost areas that could be decreased, optimized, or eliminated. The author Mike Glass provides step-by-step instructions on how to get started with spend analytics, including payment data extraction, data normalization, dimensions, and generating reports.

Accounts Payables (AP) play a crucial role in improving cash management for companies. Companies are now looking for ways to improve cost savings and increase their cash position by focusing on their AP departments. In this blog, we discuss three ways to improve cash management through AP.