Category Archives: Procurious News

Making It Stick #2: Michael Rose on Benefits Realisation

The Faculty Roundtable Members speak about benefits realisation and how to Make it Stick.

Hear Michael Rose talk about Benefits Realisation in the second of four videos from The Faculty.

The Faculty Roundtable is pleased to release its new research report, “Making it Stick”, on benefits realisation for your Procurement team.

Five reasons why procurement savings don’t stick

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.

Download your free copy of this exclusive research on Procurious today.

Procurious Big Idea #42 – Getting Involved With Risk Management

Matthias Fuchs, CPO at Boral thinks the procurement function needs to broaden its horizons.

Matthias talks about procurement broadening its horizons by getting involved with risk management and insurance management, adding the procurement rigour to the process.

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You’re invited to come and join 14k+ others…

Did you know that Procurious is also on Facebook? Come and join our 14k+ fans!

There are many other ways to stay connected to Procurious – this post will highlight but one of them. Today we’re talking Facebook.

Like Procurious on Facebook

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.

This is what our page on Facebook looks like – why not give us a like and share with your network!

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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.

So come and join our Facebook page, after-all 14k+ fans can’t be wrong…

Social Sourcing, Talent Gaps And The Future Of Online Networks

A record of our Twitter chat with Xchanging Procurement #Procuretalk.

Twitter chat with Xchanging Procurement

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…

Making It Stick #1: Tarkan Koman on Benefits Realisation

The Faculty Roundtable Members speak about benefits realisation and how to Make it Stick.

Hear Tarkan Koman talk about Benefits Realisation in the first of four videos from The Faculty.

The Faculty Roundtable is pleased to release its new research report, “Making it Stick”, on benefits realisation for your Procurement team.

Five reasons why procurement savings don’t stick

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.

Download your free copy of this exclusive research on Procurious today.

Member Exclusive – Make Your Savings Stick

The Faculty’s Research Consultant, Hugo Britt, announces the release of ground-breaking procurement research exclusively to Procurious members.  

Download the exclusive report on Procurious

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.

You can access ‘Making it Stick’ from the  Procurious community feed.

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

Download our latest research from the Procurious Community feed www.procurious.com/community and make your savings stick.

Procurious Big Idea #40 – Helping CPOs With Change

Jade Campbell, Senior Consultant with The Faculty says CPOs are working in a constantly changing environment and need to be able to lead their teams through it.

Jade believes all procurement professionals have a role to play in supporting the CPOs in dealing with these changes.

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Procurious Big Idea #39 – Creating Awareness At University Level

Huey Chan, Analyst at The Faculty, believes a lack of awareness at the university level is harming procurement’s ability to attract the right talent.

Huey says this talent drought can be combatted by CPOs spending time getting in front of students and talking about what a job in procurement entails.

See more Big Ideas from our 40 influencers

Like this? Join Procurious for FREE and meet like-minded procurement professionals from across the world.