Did you know all group purchasing organizations (GPOs) are similar, but not exactly the same? At the core, GPOs are all united in wanting to help your organization succeed by saving time, money and resources, but some offer more extensive benefits.
It isn’t uncommon for procurement to have to purchase for several different departments within an organization. It’s hard to be an expert in all of the different product and service offerings available and also fully understand what your stakeholders need to be successful.
Although car rental is a mature category, industry changes affecting rates, fees and technology cause procurement and travel to review their contracts every few years. The category is ripe with opportunities for increased cost savings and employee satisfaction, but there can be resistance to change. Employees get comfortable using the same provider and travel managers fall victim to the belief that all suppliers offer the same benefits.
Choosing the right purchasing structure for your organization isn’t an easy, quick decision. It's important to look at all of your options and weigh the pros and cons. You may even find that a combination of two types is best suited for you and your organization.
Corporate travel has picked back up after a hiatus due to the pandemic. You might be wondering what this means for your organization or working to define current travel needs. Travel managers and procurement are in the perfect spot to work together to re-strategize and save time and money.
Procurement leaders are often expected to be experts at every category. There’s pressure to manage your company's complex spend cube, reduce risk and cut down on cost all with limited resources. While organizations are looking to increase savings, improve efficiencies in their supply chain and manage supplier risk, a group purchasing organization (GPO) can guide the processes to accomplish all of these goals and more.
Procurement teams are face to face with supply chain disruptions, often serving as the liaison providing product updates to end users. As you've heard and experienced, the global semiconductor chip shortage has impacted major components of everyday life and business, affecting vehicles, laptops, phones, credit cards, home appliances and other products that need a computer chip to operate. Not only a key part of electronic devices, these chips also power the factories where those devices are made. Without enough of them, companies have been forced to stall production, and when you combine high demand with limited supply, you’re paying more for those products.
Sudden, dramatic business changes can create – or expose – gaps in your IT systems and infrastructure. But before you can address them, you need to know they exist. Your IT infrastructure determines how productive your people can be. It keeps your data and information safe. Ultimately, your IT practices directly affect your revenue and profit. In this blog, you will learn about various potential gaps in your IT infrastructure, and how Ricoh can help members of OMNIA Partners fill these gaps and enhance their network security.
Procurement, sourcing and supply chain professionals have limited bandwidth, especially when dealing with today’s economic challenges. Your team may be working to avoid flushing dollars down the drain due to inadequate systems to manage facilities and maintenance, repair and operations (MRO) spend.