It doesn’t matter whether you’re a social media maestro, or tentatively dipping your foot into the cloudy networking waters for the first time – sometimes there are just not enough hours in the day to log on, contribute and share.
The folks here at Procurious know this, so that’s why we ensure all of our newsworthy announcements, talking points, notable events, and informative videos (along with the latest stories hitting the headlines in the world of procurement) are signposted across all of our social channels.
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Facebook is also great for those who might have heard of Procurious, but perhaps don’t feel comfortable being a committed member just yet.
A record of our Twitter chat with Xchanging Procurement #Procuretalk.
Last week Procurious took part in a live Twitter interview with Xchanging Procurement (@xchprocurement). During the half hour we talked about everything from social selling to the future of social networks.
We present the dialog in its entirety below, just in case you missed it…
Earlier this year, The Faculty Roundtable commissioned an investigation into best-practice benefits realisation, and its researchers have conducted a series of interviews and data analysis to unearth the factors that prevent Procurement’s savings from hitting the bottom line. The results were boiled down to five key hurdles to Making savings Stick.
Manu Khurana, Senior Consultant at The Faculty, believes that procurement organisations need to leverage the enterprise architecture, as all processes used in procurement are inextricably linked with the IT structure.
The Faculty’s Research Consultant, Hugo Britt, announces the release of ground-breaking procurement research exclusively to Procurious members.
Astoundingly, more than 50 per cent of contracted savings are not making their way to the bottom line of Australia’s leading organisations. This troubling disconnect between contracted and realised savings has the potential to undermine the very credibility of the procurement function.
The Faculty’s latest research paper ‘Making it Stick’, is a call to action for procurement teams, CEOs and CFOs to address the fundamental shortfalls that are costing organisations hundreds of millions in unrealised savings.
Our report highlights exactly where organisations are coming unstuck in the process of realising savings and provides actionable pragmatic steps that can be followed to ensure contracted savings hit the bottom line.
What we uncovered
Our research, currently available exclusively on Procurious, identified that:
29 per cent of organisations have no defined benefits realisation program for tracking savings
58 per cent of interviewees were unable to estimate the precent of negotiated savings that actually reached the businesses bottom line
Only 20 per cent of organisations incentivise their staff on savings delivery beyond contract execution
Weaknesses in benefits tracking programs are shared across public and private organisations
Significant change management needs to occur before organisations can fully realise the savings they have negotiated
There is a lack of definitions and measurements around savings tracking and benefits realisation that undermines procurements efforts in this area
Why you should download “Making it Stick”
This timely and practical research report will enable you to:
Understand why organisations fail to deliver on contracted savings
Access a roadmap to ensure that your contracted savings hit the bottom line
Hear from industry-leading organisations that have got it right
Access checklists, tools and measurements in order to define and validate your success in this area