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November 14, 2017

Success Story: Monoprix shares its experience feedback around managing retail supplier e-catalogs

Success Story: Monoprix shares its experience feedback around managing retail supplier e-catalogs

[NOTE: Leading French retail group Monoprix deployed the Determine Cloud Platform earlier this year, in part to manage e-catalogs. As a major force in city-center shopping, with locations in over 250 cities in France through its six branded stores, Monoprix’s supplier catalog management requirements are vast, as you might imagine. Because of Determine’s deep expertise and experience in the retail industry vertical, they chose our modular, integrated Procurement solution for its flexibility, simplicity and ease of use.]

Intuitive user interface, detailed product sheets, user reviews, search functions: these ecommerce standards are now commonly applied to the realm of supplier catalogs, and in the process improving the user experience of internal customers.

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November 9, 2017

Supplier Information Management (SIM): A Sustainable Means to a Strategic End

Supplier Information Management (SIM): A Sustainable Means to a Strategic End

A closer look at the PayStream Advisors 2017 Supplier Management Report and webinar.

In a recent survey about current supplier management challenges, goals, and practices, PayStream Advisors asked procurement organizations what contributes to poor supplier relationships, and what their priorities are for improving the processes in place. Not surprisingly, access to accurate information was at the heart of both: As a source of supply chain challenges, and as a way to achieve a more strategic level of supplier management. Despite this seeming alignment between problem and solution, increased access to verified supplier information is not an end in and of itself. It is rather a means to two strategic ends: Satisfied internal stakeholders, and healthy supplier relationships.
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November 2, 2017

Improve Contract Compliance by Thinking Like Sales…Not Procurement

Improve Contract Compliance by Thinking Like Sales…Not Procurement

If you’re anything like me as a procurement practitioner, you think of our end-to-end process in a linear fashion. It usually starts with spend analysis or some other source of information (budget, ERP, BI system output, etc.) and ends with Contract Management and/or Supplier Performance Management. For us, this is completely logical because the sub-processes that we view as the most “active” portions of procurement – strategic sourcing and negotiation – have been dealt with at this point.

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October 10, 2017

Risk adaptability: How organizations can stay ahead.

Risk adaptability: How organizations can stay ahead.

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

Following on the heels of a webinar with SIG and Chris Monk of Determine partner Protiviti on Third Party Risk Management Efforts 101: Aligning Supplier Onboarding to Contract Onboarding, the discussion continues with Tony Abel, Managing Director and Chris’ colleague at Protiviti. With few exceptions, third-party risk has been one of our dominant topics over the past 12 months, with good reason. Risk is everywhere; it’s always growing, changing and adapting in order to seek and sneak its way into organizations by any means possible. As Tony points out regarding suppliers and vendors, companies are now largely responsible for those third-parties and the risks they create.

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September 19, 2017

The Powerful Alignment of SIM and CLM

The Powerful Alignment of SIM and CLM

Procurement is so accustomed to aligning our technology and processes with the objectives of the business at large that we sometimes miss opportunities to align our own technologies and processes with each other. Supplier Information Management (SIM) and Contract Lifecycle Management (CLM) provide a perfect case example. Both bring together suppliers and internal touch points, extend beyond procurement’s peak involvement in managing spend categories, and play an important role in addressing (and mitigating) supply chain risk.

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