When thinking about your car rental program and provider, does fleet management come to mind as a major consideration? If it doesn’t, then you are not alone. It’s a topic I bring up a lot when talking about car rental with new members, so I wanted to take a few minutes to tell you why fleet management should be important to you too.
There’s no doubt new technology is catalyzing the evolution of procurement’s role in the enterprise. A recent article from Spend Matters notes that what sets world-class procurement organizations apart is the use of digital technology. Surprised? You shouldn’t be. Just like most other areas of your organization, leveraging technology enables procurement teams to stamp out inefficiency and save time.
Modern procurement teams care about more than the cost savings you achieve. Yes, finding new and greater opportunities for savings is important, but increasing procurement’s influence and becoming a strategic partner to the business are also top priorities. This means taking a more strategic approach to buying, and considering factors beyond price when making purchasing decisions.
Much has changed in the workplace over the past several years. A number of factors are driving change in everything from corporate culture to the physical setup of offices. Younger generations enter the workforce and bring a desire for collaboration and flexible workplaces. Sustainability efforts have become increasingly important for many organizations. New technology is enabling a more flexible work environment and increased interactivity among co-workers.
Questions about what a group purchasing organization (GPO) is, or what it has to do with emerging travel categories?
We hear it from procurement teams a lot: they want to spend smarter. This is especially true for indirect spend categories. Many organizations are aware of the opportunities that indirect categories offer to achieve procurement goals like increased cost savings, but, the challenge is that many teams are already overstretched and don’t have the time to really focus on driving improvements in their spend programs.
Almost all of the companies that we work with use some kind of online booking tool (OBT) and expense software for travel. Some companies love what they have and, as I mentioned in an earlier post, others feel that their tools are underutilized for a variety of reasons.
The Internet of Things (IoT) is a hot topic right now and for good reason. The explosive growth of internet-connected devices is disrupting nearly every aspect of how we live and work. Consider how many “smart” or “connected” devices or products that you use on a daily basis – for example smart home appliances, fitness trackers or connected vehicles.