FULLSTEP

Adopt the best procurement processes for your organization

Get ahead of the pack through optimized sourcing and procurement

In our past newsletter we explained how to evaluate your current procurement and sourcing operations, and asses the improvement potential, as well as explaining some of the options available to initiate your optimization project.

In this new newsletter, together with Debbie Wilson's insightful report on "Top Procurement Processes", we try to give an insight on how to successfully implement your sourcing and procurement optimization project, and the tools and tips necessary for success.

Pepe Valderrama
CEO and Founder, Fullstep

Understanding Your Top Procurement Processes
Deborah R. Wilson
11 May 2011
When the IT organization understands the critical tasks to be accomplished, it can effectively support the enterprise procurement function's efforts to manage most or all spending categories. This research outlines the five major procurement processes – spending analysis, strategic sourcing, contract life cycle management, purchase-to-pay and supply base management – and what the IT department needs to know about each.

Key Findings
- A high-performance enterprise procurement organization needs strong, mature processes for each of the top procurement processes: spending analysis, strategic sourcing, contract life cycle management, purchase-to-pay and supply base management.
- An extensive, but fragmented market of specialty procurement applications, as well as a multitude of application types that are still evolving, challenge the IT organization's ability to assist with the procurement function.

FULLSTEP Content

FULLSTEP's best practice processes for procurement
Discover the process and methodology behind FULLSTEP's success in implementing procurement optimization projects across a wide range of companies and organizations.

Case study – Enhanced sourcing model at GESTAMP
Learn how FULLSTEP helped a multinational automotive manufacturer tailor the sourcing organization to support spectacular growth and become one the group's most efficient value generators.

Product description – FULLSTEP's Strategic Sourcing & Procurement Platform
A brief description of FULLSTEP's procurement and sourcing tools that will help you ensure you to take the best advantage out of your staff's experience and knowledge.

Featuring research from

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