Procurement leaders are often expected to be experts in every category. There’s pressure to manage your company’s complex spend cube, reduce risk and cut down on costs, 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 be a guide to accomplishing these goals and more. One key way to leverage your GPO to attain these goals is to put your indirect spend under a microscope and evaluate where you can streamline and strategize to reduce costs.
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.
A worldwide fitness franchise approached ALTOUR for assistance with program logistics to bring together over 200 top Franchisees in Las Vegas, NV for a VIP experience. With a record breaking 3-week turnaround time from hotel sourcing to event execution, ALTOUR was able to provide a high-touch experience for all those attending the event.
When people buy groceries, they decide which stores will save them money and offer the products they need. Some stores require membership fees; some focus only on specialty groceries, while others provide the widest possible range of products. Group purchasing entities work in a similar way. Like the grocery store example, understanding the subtle differences is key to finding the right purchasing partner.
As more workers return to the office, they may find the office is adapting to a new way of working. Attractive and ergonomic workspaces are top-of-mind for companies looking to entice their best employees back into the building. For many employers, it’s a move to renew workspaces and re-energize productivity.
Granite Telecommunications goes above and beyond with service to their customers. When the opportunity emerged with an equipment manufacturing company, Granite rose to the challenge. The customer was in need of a solution that could help streamline their telecommunication services before a quickly approaching deadline. Through the OMNIA Partners program, they successfully streamlined their process and established a dedicated support team that covers all of their telephony needs quickly and efficiently.
Having deep relationships with your suppliers is the best way to ensure you are taken care of and your orders are fulfilled. Whether it be a product or service, delays and shortages happen BUT when you have an open line of communication and a relationship with your supplier, it is more likely that you will receive quick, quality service.
Print management is known as the outsourcing of print production to a specialist partner that manages the purchasing, production, and delivery of marketing print. From direct mail to retail displays, the print category is mostly comprised of branded materials. While print was suffering in comparison to digital media pre-COVID, it has recently seen a resurgence as an invaluable piece in a brands omnichannel marketing mix.
The main contributors to putting print back into the spotlight are:
- Digital fatigue from an increase of online messaging
- Technology advancements for offline and online integration
- Automation from single source platforms to keep brand messaging on-point
Procurement teams are managing a diverse range of spend categories. Industry insiders say many are missing out on opportunities in those undermanaged spend categories and as a result, increasing risk.
