SpendSmarts February 13 2018 issue

SpendSmarts Newsletter: February 2018

SpendSmarts

You can’t manage spend without managing vendors

 

written by
Susan Walker
Director of
Procurement
Strategy

And, that’s becoming more challenging as options come and go, faster than ever:

  • New providers
  • Mergers and acquisitions
  • Business closures and bankruptcies
  • Technology advancements and obsolescence
  • Product and service changes

And relationships. It’s important to develop strong vendor relationships, especially with strategic suppliers, yet you also need to keep a defensible space.
If you’re looking to optimize your vendor relationships—including an overview of the 3-letter tech acronym that applies (SRM)—this article will enlighten you.

Who manages your supplier relationships? →

Speaking of vendors: Information service vendor trends and predictions for 2018

written by
Nicole Dupras
Director of Legal Research Division

The spend category of information resources for legal and business research is undergoing massive transformation, so we have two helpful resources on that front. First, Nicole Dupras gives the lowdown on the top three vendors, AI and predictive analytics, litigation support and more in her current state assessment and 2018 predictions.

Legal research information 2018 service predictions →

Second, we’ve updated our report on research databases and other information services, In the beginning, there were two—subscription services, that is—now it’s more like thirty-two. Get your copy and stay in the know.

C-suite vendor management tips

We leave you with some vendor management tips from a CIO, intended for tech vendors but general enough to help any executive leverage any vendor relationship. Anyway, these days, all of us are tech vendors.

6 essential steps for managing vendors →

Natalya Berdzeni
Executive VP

Have you defined your 2018 spend management objectives?

If not, CCM Executive VP Natalya Berdzeni is available to answer your questions. Call her at 212-563-8600 or click here to send her a message.

 

 

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