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Empowering Decisions

Managing procurement for three vastly different retail models.

Amazon recently announced that they will open a “traditional” grocery chain. This is in addition to their 2017 acquisition of Whole Foods and their experimentation with Amazon Go, a fully automated (i.e. cashier-less) convenience store-style market. All three will meet a similar kind of consumer need, just in a different way. This will likely result in the creation of three completely different cost models and profitability rates – not to mention three very different procurement and supply chain operations.

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Agile & Strategic Wins the Race

In the not too distant future, quick and dirty financial gains will no longer be the only value-creation lever considered to evaluate buyers and their performance. So long Savings…the new challenge facing buyers will be the multiplication and diversity of the objectives and KPIs to which they will be held accountable.

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Introducing… Determine, a Corcentric company.

Last week, Determine (yes, that’s us!) was officially acquired by Corcentric. Founded in 1998 and based out of Cherry Hill, New Jersey, Corcentric is a leader in procurement and finance solutions that strives to provide a competitive advantage to organizations, enabling them to reduce the cost of growth and, in turn, empowering them to do more for their customers, employees, and the world. Oh – and they have quite the track record, too. Continue Reading

Determine OutLoud: A conversation with Sophie Pope, Director of Customer Success at Determine

In a recent webinar, Sophie Pope and Ollie Young, a Senior Solutions Engineer at Determine, addressed The 5 Ways a S2P Platform Helps Create More Value for Your Organization. They discussed the differences between source-to-pay point solutions, platforms, and what they called ‘Frankenstein’ platforms. Yikes!

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Three ways collaboration creates procurement transformation.

Procurement has been trying to make changes to our processes, priorities and brand identity for years. Our suppliers want us to be more open to contact and out-of-the-box ideas. Our internal stakeholders want us to move faster and to let their input play a larger role in supplier selection than RFP performance. Distributed buyers want speed, convenience and autonomy. Finance wants more savings that they can trail all the way to the bottom line, and marketing and HR mostly just want us to go away.

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Understandably, many people get caught up in all the madness that comes in March. We hope your brackets didn’t get too busted up. But whether your focus was on basketball or on driving your business success, you may have missed a few of our blogs and resources this month. DetermiNews is here to make it easy for you to get up to speed.

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Part 2 of 2: Trading your “alpha” tendencies for a more shared approach to success.

In this two-part series, Determine Chief Product Officer Julien Nadaud tells how one word — influence — can empower procurement strategies to literally put top value into the outcomes all parties, including suppliers, seek. In Part 1 he explored expanding supplier visibility into overall spend; in Part 2, he looks at two case studies showing why influence, value and collaboration are mutually inclusive.

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Part 1 of 2: You don’t have to act like a control freak to wield procurement influence.

In this two-part series, Determine Chief Product Officer Julien Nadaud tells how one word — influence — can empower procurement strategies to literally put top value into the outcomes all parties, including suppliers, seek. He explores three case studies that prove his point, starting with how one customer expanded its supplier’s visibility into overall spend.

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The podcast series that’s all about minding your business in contract management and source-to-pay.

The new Determine ebook, The Procurement Maturity Curve: A Four Stage Hierarchy of Value, pulls together multiple perspectives in an attempt to better understand procurement’s maturity progression from savings and compliance all the way up to supplier collaboration. To bring a European point-of-view to this topic, I had a Determine OutLoud conversation with Eléonore Roucaute, Determine’s EMEA Marketing Manager.

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“What we have here is failure to communicate.”

Movie lines become legendary, and ingrained in our cultural makeup for many reasons. In the example above, it’s because it represents an all-too-common life experience and because what it describes is so pervasive. The same is true in source-to-pay organizations, where silos are as much about communication failure as anything else.

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