Category: Webinars

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SPENDEDGE WEBINAR ON 25TH AND 26TH APR – How can better software license management result in cost optimization?

We have progressed far from the days where software was packaged as a product and sold in CDs. Today, with the rising popularity of Sanyacloud-based platform offerings, suppliers are more inclined to provide their product in a subscription-based model. More precisely, they provide access to their software in the form of license. Since software licensing cost takes up a majority of the cost base within an organization, procurement teams should always be on their toes to explore various licensing models and choose the right fit for their organization needs. Software licensing is complex in any organization. Companies usually purchase software entitlements for hundreds of rights, which are then distributed to several employees and machines. Software license management helps organizations to document and track an organization’s software portfolio.

Why do organizations need software license management?

YatheeshSoftware license management ensures compliance with a given software’s End-User License Agreement (EULA). EULA typically specifies how a software product can be used and how many users are permitted and penalties in the case of violation. In case the organization is being audited, procurement teams will have to spend a lot of time and resources to inventory all software usage and prove compliance. In case the organization is found to be out of compliance, they have to true-up their licenses where they buy the software at its book price. Additionally, they may also incur some fees or penalties. The company not only lose out on the financial front, but their reputation also takes a blow. Customers and clients of the company may lose faith in them, and their business would suffer. A good software license management tool will ensure compliance with all such issues and maintain business continuity.

 

How can better software license management yield cost optimization?

Leading procurement organizations can optimize their license spend by negotiating with large suppliers. Also, the teams should assess the role of third-party software asset management companies and the value benefits they offer. Tracking software usage and staying compliant helps procurement teams to plan future purchases wisely by knowing the software that is frequently, rarely, or occasionally used.

Conducted by SpendEdge’s procurement experts, this webinar on the 25th & 26th of Apr would deal with the following key considerations:

  • What is software license management?
  • Why should organizations have software license management in place?
  • How procurement teams can yield cost optimization with better software license management
  • Consequences of non-compliance with software licenses

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SpendEdge Webinar on 7th and 8th Feb – Is advanced analytics shaping the way procurement teams will look at data?

The procurement department is considered to be the backbone of any business – and even though for many years, the procurementyatheesh department functioned more or less the same way, the new wave of digital technology has led to a radical shift in that thinking. The rapid development of digital technologies has changed the business world altogether and is expected to grow at an unprecedented rate. So it is entirely possible that the procurement teams will be dealing with new sets of digital opportunities. The rapid evolution of data analytics capabilities has enabled companies to store and process a large volume of data to generate relevant business insights in real-time. Such insights provide valuable information to the procurement teams, which help them make smart decisions on spending, managing suppliers, and designing better strategies. In an era that is fiercely competitive, the use of data analytics in procurement functions becomes essential to gain a competitive advantage. In a few years, analytics in procurement will not only be a matter of gaining a competitive edge, but also a matter of survival.

What are the opportunities for advanced data analytics in the field of procurement?

sanyaFor a long time, businesses have been reliant on intelligence systems to process historical information and identify the current trends in the business. The capabilities of those systems were limited to the point where they could only help out with basic forecasting. However, data analytics has and will continue to have considerable implications in the field of procurement. Historical data can be used to generate meaningful insights and propel strategic business decisions. Big data and advanced data analytics can also enable automated P2P procurement, predictive strategic sourcing, and establish a proactive supplier relationship management strategy. The rapid evolution of the IoT will only exacerbate the vision of a fully automated future, moving procurement teams away from small, repetitive tasks to tasks that are more strategic in nature.

Conducted by SpendEdge’s procurement experts, this webinar on the 7th & 8th of Feb will cover the following:

  • What are predictive, prescriptive analytics, and advanced data analytics?
  • Explore how predictive analytics helps achieve efficiency in the procurement process lifecycle
  • Key non-procurement areas where advanced analytics could add significant value
  • Insights on successfully setting up a best-in-class advanced analytics strategy

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SpendEdge Webinar on 6th and 7th Sept – Integrating Procurement and Corporate Travel Management

The procurement and travel departments have adopted an integrated approach and are directing their efforts towards strategic, efficient, and cost-effective corporate travel management programs.

 

The need to bring together disparate teams, stakeholders, and customers is a result of the globalization wave that transcends geographical boundaries; thereby, giving impetus to corporate travel management. The sky-rocketing travel costs have made it inevitable for companies to develop highly effective, customizable, and profitable travel program solutions for the buyers. The constant SEneed to achieve cost efficiency and adopt a strategic decision-making approach has eliminated the silo-based approach within the organizations. As a result, businesses have started consolidating their travel programs with a single travel management company (TMC), which not only ensures higher ROI but also enhances the organization’s overall travel program.

Things To Keep In Mind for Procurement And Travel Departments

 

In any organization, the procurement and travel department must give priority to travellers’ safety and booking habits, while complying with the company’s policies and framework. The procurement department and category managers must understand the difference between procuring materials from a supplier and procuring travel management services from a TMC. Big data and analytics give the travel managers access to more information related to travellers’ booking behavior, etc. New technology platforms such as blockchain allows organizations to adopt centralized payment solutions; thereby, reducing the processing time and increasing process efficiencies.

Conducted by SpendEdge’s sourcing experts, this webinar will deal with the following key consideraCAtions –

 

  • Analyzing the current scenario of collaboration between the procurement and travel department in a typical organization
  • Studying the changing engagement models in the industry
  • Assessing the use of big data and analytics as a key influencer of the corporate travel management market
  • Exploring the role of blockchain technology as a distribution platform for corporate travel management
  • How the supplier landscape is consolidating to provide unified travel management and expense services?

 

 

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SpendEdge Webinar on 26th and 27th July – Outsourcing HR Services & the Importance of Performance Based Supplier Engagements

One of the primary concerns of the Human Resources (HR) component of any corporate entity is to ensure the continuous and productive development of their in-house human resource base. Unfortunately, due to a jack-of-all-trades categorization, the average HR unit is overwhelmed with a plethora of crucial tasks and cannot dedicate the desired chunk of attention to such activities as talent administration, leadership development, and service improvement. Is growing the HR team a viable and long-term answer to this conundrum?

Maybe, but that’s also a costly and time intensive proposition. Outsourcing HR services on the other hand ensures that an experienced offshore HR unit is bought into the picture that ensures a two-pronged advantage to the organization- 1) Help the company contain costs, and manage risks, while still enjoying competent HR services, and 2) Free up the in-house HR outfit to concentrate on more employee development initiatives

Insights on HR Outsourcing & Supplier Ties Based on Performance

On the 26th & 27th of July 2017, SpendEdge, the globally renowned procurement intelligence advisory firm, is hosting an insightful discussion on ‘Outsourcing HR Services & the Importance of Performance Based Supplier Engagements’. This webinar, conducted by expert luminaries from SpendEdge’s Bangalore based sourcing team, will deal with the following key considerations-

  • How HR outsourcing can help in driving transformation within the organization
  • How to enhance employee engagement through process improvements
  • Analyzing the impact of automation and data analytics on talent acquisition
  • Exploring the role of strategic supplier relationships in facilitating efficient human resource administration
  • Rise of multi-country and centralized outsourcing models for improved profitability and productivity

The webinar is scheduled for 45 minutes and is focused on helping business leaders understand the importance of setting up strategic partnerships with suppliers for HR services from the perspective of cost containment, risk management and employee development. Thanks to the quality HR services on offer, businesses can expect a satisfied workforce that is simultaneously more productive and engaged.

Sign Up to Explore the benefits of Outsourcing HR Services

If you are Manager/Director – Centre of Excellence,  Category Manager – Outsourced Services, or an HR professional taking care of HR Shared Services/HR Strategy/HR Core Process and wish to align your business in the general direction of improved productivity, collaboration and elimination of wasted movements and redundant strategies, tune in via the following channels at the appointed hour.EMEANA

Expert Speakers Discuss Actionable Insights

Our speakers have years of domain expertise in sourcing and procurement. They are natural problem solvers and have a penchant for spotting resourceful market insights when it comes to organizations and their attempts to better manage their spending and supply chains. A brief introduction to them follows.

Sanya Sehgal works with the sourcing team in the Bangalore office of Infiniti Research. She has experience in working across sectors such as media, pharmaceutical, automotive, and industrial services in the areas of procurement benchmarking, strategic sourcing, and quantitative market modelling, etc.

Parikshit Ghoshal is a part of the sourcing advisory team in the Bangalore office of Infiniti Research. He has 9+ years of experience in working across sectors such as F&B, automotive, media, telecom, IT, life sciences, and heavy industries in areas of procurement advisory, strategic sourcing, competitive benchmarking and analysis, and quantitative market modelling.

See you there. Please do reach out to us if you seek more information or clarification.

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SpendEdge Webinar on 31st May, 1st June- Top 10 Trends that are Shaping Procurement Market Intelligence

Procurement is one of the most important and indispensable functions in the modern supply chain. Correspondingly, the discipline of Procurement Market Intelligence (PMI) is gaining rapid momentum as well, proving to be more than just a clerical function and emerging as an active specialty that can help companies reduce overheads and improve productivity. Ensuring expertise in PMI is definitely a top priority in an average corporate bucket list that’s already dealing with increased competition, escalating costs and an ever-burgeoning nuisance of the counterfeit products and services market.

Actionable PMI Trends to Drive Robust Procurement Strategies

On the 31st of May, and 1st of June, SpendEdge is hosting a webinar spanning 45 minutes, as part of its Thought Leadership Webinar Series, that addresses the growing role of procurement market intelligence (PMI) in the modern business entity. Until recently, PMI was a minor checkpoint on the larger manifesto of procurement and its dependent activities, however, with the changing demands of business, improved data management practices and with its inherent ability to catch upto the ever-changing technology landscape, PMI has gained its due prominence.

Conducted by expert luminaries from SpendEdge’s Bangalore based sourcing team, this webinar will deal with the following key considerations-

  • Role of advanced PMI in strategic decision making
  • Evolution of PMI outsourcing over time
  • Trends revolving around PMI outsourcing
  • Prevalent pricing models used by PMI providers
  • IPR management best practices

This webinar aims to provide organizations an overview of the transforming procurement patterns, which can help them better manage their procurement spend and enhance their bottom-line.

Sign Up to Spot the Cracks and Devise Productive Fixes in your Own Procurement Process

SpendEdge has been helping companies perfect their procurement strategies by hosting regular webinars that are aimed at the key decision makers and include superlatively actionable insights. Configured as a top-10 listicle, this webinar will encourage the ‘movers-and-shakers’ of the procurement world, CPO or VP/Directors of Procurement and Sourcing, to imbibe the best of PMI into their own setup.

PMI is still an evolving platform, and hasn’t yet achieved peak fluency in over 90% of the real-world cases where PMI is already a component in the procurement cycle. The problem stems from the fact that professionals aren’t fully aware of the intelligence usage patterns, best suppliers, prevailing supplier engagement models, intelligence delivery models and best practices, used for choosing an efficient procurement market intelligence supplier that fits their specific needs. All of these impedes productivity and limit the benefits that can be sourced from a well deployed PMI platform. This webinar aims to answer some of these pressing questions- while charting a future roadmap for PMI 2.0 and how it can be leveraged to achieve business excellence. 

Registration is easy. Signup via the links listed below and tune in at the appointed hour.

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Expert Speakers Discuss Actionable Insights

The appointed speakers are experienced sourcing and procurement specialists with expert insights on the current landscape of procurement market intelligence. A brief introduction follows.

Sanya works with the sourcing team in the Bangalore office of Infiniti Research (SpendEdge’s parent concern). She has experience in working across sectors such as Media, Pharmaceutical, Automotive, and Industrial Services in the areas of procurement benchmarking, strategic sourcing, and quantitative market modelling, etc.

Yatheesh also works with the sourcing team in the Bangalore office of Infiniti Research. He has 10+ years of cumulative experience in Finance, Strategic Sourcing, & Procurement. He has worked with clients in Industrial Services, Media, Consumer Goods, Pharmaceuticals, and Life Sciences industries in the areas of procurement benchmarking, strategic sourcing, contract management, etc.

See you there. Please do reach out to us if you seek more information or clarification.

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SpendEdge Webinar on 9th, 10th May- Collaboration Wins Big in Global Logistics Market

The logistics industry of tomorrow is hinged on collaboration and massively streamlined internal systems. The discipline of logistics management has evolved beyond its core problem solving stage- and is now focused on attaining maximum efficiency and transparency. This, is an evolving process- and the logistics companies of the world are continually looking for easily applicable solutions that are robust, scalable and cost effective. The operative word here is streamlining.

SpendEdge Webinar- Unearthing a Market Influencer

On the 9th & 10th of May 2017, SpendEdge, the globally renowned procurement intelligence advisory firm, is hosting an insightful discussion on ‘streamlining logistics and warehousing in direct distribution markets’. This webinar, conducted by expert luminaries from SpendEdge’s Bangalore based sourcing team, will deal with the following key considerations-

  1. Role of big data analytics in enhancing the visibility of the supply chain
  2. The challenges in managing order cycle period
  3. Implementation of a Global Trade Management System
  4. Cost savings through improved warehouse management

In recent times, investments are pouring in where supply chain resources, associated technology and fulfilment strategies are concerned. In large parts, companies are shooting for a completely seamless experience across the direct distribution markets and their logistics partners are sensing this need. Thus, there is a renewed emphasis on adopting collaborative operational models and solutions that may seem ‘transformational’ and the proverbial ‘next step’.

Sign Up to Experience the Next Wave in Procurement Management

Intrigued? If you are a Logistics and warehousing category manager, fleet procurement manager, supply chain director/manager, or an industry proponent who wishes to align his/her logistics enterprise in the general direction of improved productivity, collaboration and elimination of wasted movements, tune in via the following channels at the appointed hour.

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Expert Speakers Discuss Actionable Insights

Our speakers have years of domain expertise in sourcing and procurement. They are natural problem solvers and have a penchant for spotting encouraging market trends and gather resourceful insights when it comes to the global logistics industry. A brief introduction to them follows.

Yatheesh Chandrasekaran works with the Sourcing team in the Bangalore office of Infiniti Research (parent organization). He has 10+ years of cumulative experience in finance, strategic sourcing, & procurement. He has worked with clients in industrial services, media, consumer goods, pharmaceuticals, and life sciences industries in the areas of procurement benchmarking, strategic sourcing, contract management, etc.

Sanya Sehgal works with the sourcing team in the Bangalore office of Infiniti Research. She has experience in working across sectors such as media, pharmaceutical, automotive, and industrial services in the areas of procurement benchmarking, strategic sourcing, and quantitative market modelling, etc.

See you there. Please do reach out to us if you seek more information or clarification.

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Benchmarking of Integrated Facilities Management Best Practices

This upcoming webinar on “benchmarking of integrated facilities management best practices”, aims to provide managers of indirect procurement and indirect sourcing an overview of the transforming procurement patterns to help them better manage their indirect procurement spend.
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Integrated facilities management involves the consolidation of all facility-related services under a single contract orSpeakers profile management team. Such services help streamline an organization’s management and operations between teams involved and ease complexities that are associated with engaging with multiple suppliers for the management of day-to-day operations. A recent procurement market intelligence report by SpendEdge highlights the fact that integrated facilities management encompasses services like cleaning, security, property, catering, support, and value-added services and will surpass USD 152 billion by 2021. Numerous factors such as the growing adoption of cloud-based management solutions coupled with the increasing preference for proprietary products such as JLL’s IntelliCommand are anticipated to spur the need for integrated facilities management across the globe.

According to our procurement specialists, “Preventive maintenance and analytics play a key role in procuring effective facilities management services. And at the center of an efficient facilities operations department lies a responsive, consistent maintenance structure.” Though the global market space for integrated facilities management exhibits promising growth prospects for the next four years, it is marked by the presence of several challenges like the identification of suppliers that can cater to multiple requirements and location of suppliers that comply with green building certification standards. Furthermore, our procurement market intelligence specialists feel that despite the presence of global firms operating in the integrated facilities management market space there is little or no adoption of a single supplier across geographies, and even the most mature procurement organization are opting for bundling of services at the country level.

Want more insights into the key questions covered by this upcoming webinar? Get more information here.

Here are some of the topics that our upcoming webinar on the benchmarking of integrated facilities management best practices will cover:

 

– Roadblocks in consolidating services and centralizing the procurement process

– Perceived risks while adopting an integrated facilities management and risk mitigations strategies

– Best practices for selecting and onboarding suppliers

– Cost savings through service bundling

– Impact of industry consolidation on category buyers

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Agile P2P – A Roadmap for an Efficient Procurement

Title:                                       Agile P2P – A Roadmap for an Efficient Procurement

Presenters:                           SpendEdge Procurement Intelligence Experts     

Date:                                       15th and 16th of February, 2017

In today’s dynamic business environment with fast changing consumer needs, organizations are driven towards adopting proactive and agile P2P processes. An agile process helps buyers streamline their procurement process, enhance staff productivity, bolster policy enforcement and control, and enhance collaboration with vendors. This webinar aims to provide organizations a roadmap to identify and reduce maverick spending, boost analytics and data access, and increase the efficiency of other automated processes being used.

Key takeaways from our 45 minutes webinar were:

  • How to optimize P2P processes to ensure an agile end-to-end procurement cycle and efficient order processing
  • Exploring the role of digitization in improving stakeholder collaboration
  • Burgeoning focus on analytics and reporting to improve visibility of procurement expenditure to ensure focused spend control
  • Revolutionizing and automating procurement strategies of an organization through e-procurement
  • How P2P solution providers are differentiating themselves from established competitors in the market by providing innovative offerings and pricing structures to attract small and mid-sized buyers

Get more info on our upcoming webinar here

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Changing Landscape of the European Fleet Procurement Market – Webinar

Shift from cost savings to business value and the centralization of shared processes are the key trends affecting both global sourcing and fleet procurement professionals.

 

Effective fleet procurement can be a time consuming and complicated experience, especially with volatile cost components like regionally variable maintenance labor rates and fuel prices. For most fleet managers new to the area
of fleet procurement, fleet operations can be a daunting area for sourcing and identifying savings, while maintaining program consistency. Where does one even start? After conducting multiple fleet sourcing initiatives with regional and multinational clients of varied size and nature, we at SpendEdge have learnt a number of lessons. If one thing is for certain, it is that no two fleet operations are the same.

Over the past few years, the realm of fleet procurement has drastically changed in the European market, primarily due to enhanced technological capabilities. The rapidly evolving procurement trends have now resulted in improved market coordination, streamlined supplier relationship management, better compliance, and minimized risk. This webinar, on the European fleet procurement market, offered fleet directors, fleet procurement experts, VP sales, and sales directors an overview of the dynamic procurement patterns to help them attain fleet efficiency and manage indirect procurement spend.

Here’s an insight into the key fleet procurement questions covered by our 45 minute webinar

  • How the emergence of ‘Mobility Integrators’ is transforming the fleet business model in the European market
  • Exploring the role of big data and predictive analytics in facilitating convergence of procurement and fleet management departments
  • How fleet managers are leveraging telematics for efficient driver management and improved fleet performance
  • Rise of new business models such as autonomous vehicle technologies, which are expected to digitize the whole automobile industry
  • Analyzing how consolidation in the industry can help organizations achieve operational efficiency
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Media Procurement Strategies: Vision 2020

Title:                                       Thought Leadership Series: Media Procurement Strategies: Vision 2020

Presenters:                           SpendEdge Procurement Intelligence Experts     

Date:                                      Wednesday, October 26, 2016

 

With a huge proliferation of digital media and sheer growth in digital media spending, marketers struggle in making the right choices about what they buy, how they buy, and whom they work with. Media procurement has brought a new dimension and perspective in addressing these challenges by recognizing a programmatic approach to optimize media spend.

This webinar will discuss actionable procurement strategies for media professionals and give valuable insight on how to overcome sourcing challenges, while mitigating procurement risks. The 45 minute webinar will feature a panel of procurement experts presenting useful information for the category managers to understand:

–  Emerging agencies in digital media – Is the industry moving towards more consolidation?

–  Programmatic media buying and its impact on media procurement professionals

–  The holistic growth of digital media, across regions

To access this webinar, please register here

 

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