Rochester Executive Advisory’s Post

Empowering CTOs: How to Navigate the Buying Committee Discover strategies to enable CTOs and key stakeholders in securing successful deals. Learn how to engage procurement, finance, and other department leaders in the decision-making process for enhanced business growth. #CTOInsights #BuyingCommittee #SalesEnablement #BusinessStrategy #StakeholderEngagement #Procurement #FinanceLeadership #CLevelCollaboration #DealSuccess #BusinessGrowth

Did you know? 🌟 57% of businesses improve decision-making and save costs with procurement tech insights. 📉💼 #Cimmra #Procurement #BusinessInsights #CostSavings #DecisionMaking #ProcurementTech #BusinessGrowth #RiskManagement #TechInBusiness #Efficiency #DidYouKnow

Make or buy analysis is a strategic decision-making process where a company evaluates whether to produce a particular product or service in-house (make) or purchase it from an external source (buy). This analysis involves assessing various factors: a) Costs b) Expertise and Core Competencies c) Quality Control d) Capacity and Scalability e) Technology and Innovation f) Risk Management g) Lead Time and Time-to-Market h) Regulatory Compliance i) Strategic Alignment j) Supplier Relationships k) Total Cost of Ownership (TCO) #leanmanufacturing #strategicplanning #outsourcing

Encouraging CFOs to explore the advantages of vendor management! Did you know that it's more than just procurement? It's a strategic asset for achieving financial success. By enhancing vendor relationships, negotiating advantageous terms, and managing risks effectively, CFOs can elevate the bottom line and drive operational efficiency. Don't miss out on this opportunity to maximise your company's potential. #StrategicVendorManagement #FinancialSuccess #CFOInsights

There are 3 essential underpinnings of every successful procurement process: 1️⃣Process - What insights can be gathered from x-raying your procurement process? 2️⃣Technology - What Technologies can be leveraged to drive value? 3️⃣Operating Model - How should a procurement team be structured to optimize its functions? Subscribe to Intelligent Automation News for more like this and ideas you can use: https://bit.ly/4bcksG8 #P2P #CFO #Procurement #processmining

Under pressure to reduce costs and meet company objectives? Having an effective contract management lifecycle process prevents value leakage, missed rebates or discounts, and scope creep. The goal of contract management is to maximize an organization's operational and financial performance, as well as reduce financial risk. Start early in the lifecycle! Bring a relationship approach to working with vendors and aim to create contracts that accelerate the procurement process. Consider overall value, and critical outcomes and set up strong governance to ensure you are getting the value expected. Want to learn more? Set up time today. https://lnkd.in/gGuh6_y4 www.cooperhillco.com #strategicsourcing #gofractional #fractionalCPO

There are 3 essential underpinnings of every successful procurement process: 1️⃣Process - What insights can be gathered from x-raying your procurement process? 2️⃣Technology - What Technologies can be leveraged to drive value? 3️⃣Operating Model - How should a procurement team be structured to optimize its functions? Subscribe to Intelligent Automation News for more like this and ideas you can use: https://bit.ly/4bcksG8 #P2P #CFO #Procurement #processmining

Standardizing #procurement intake is one way to reduce the risks associated with new purchase #acquisition and save #money. By providing earlier visibility into requests, procurement leaders can derisk IT investments: https://buff.ly/3OuMOSU

Standardizing #procurement intake is one way to reduce the risks associated with new purchase #acquisition and save #money. By providing earlier visibility into requests, procurement leaders can derisk IT investments: https://buff.ly/3OuMOSU

Finance + Procurement = The Perfect Partnership 🤝 Explore insights from Nicholas Mayes, Productiv's Head of Finance, and Procurement Foundry on strategies for merging Procurement and Finance to create powerful collaboration for cost savings, growth, and agility. Watch this on-demand webinar and learn how to align these crucial functions and set joint goals for sustained success. #ProcurementExcellence #BusinessFinance #Procurement