Alan Veeck

Managing IT and Telecom spend can be a daunting challenge for procurement professionals, given the complex scope, data integrity, and interdependencies crucial for your company's success in this area. At Velocity Procurement, our Spend Management team works closely with clients to tackle these challenges head-on. We offer customized solutions to optimize contracts, ensure regulatory compliance, and drive innovation, all while keeping risks at bay. Here are five key areas to focus on to ensure IT Procurement success in your organization. #ITprocurement #spendmanagement

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Rachel Henney, Director of Procurement Advisory at Velocity Procurement, highlighted key insights at Procurement Foundry's Tech Sourcing event. Let's discuss the nuances of Intake, Orchestration, and P2P in your organization. Share your thoughts below! #intake #P2P #techsourcing

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Rachel Henney, Director of Procurement Advisory at Velocity Procurement, recently shared her insights at Procurement Foundry's Tech Sourcing event. The session focused on the nuances of Intake, Orchestration, and P2P. Where does your organization stand on these approaches? Share your thoughts below! #intake #P2P #techsourcing

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To effectively measure both hard and soft costs in your source-to-pay operations, you should keep in mind the steps outlined below... 1. Begin by assessing your current procurement processes and identify areas where you could save money or optimize your operations. 2. Collect all existing purchasing information from your ERP system or other tracking system and analyze it for patterns or trends that could help you identify opportunities for savings and cost avoidance. 3. Once you’ve identified potential areas for improvement, create an action plan for implementing changes within your organization’s procurement activities. 4. evaluate the impact of your changes by measuring soft costs vs. hard costs before and after implementing changes using quantitative techniques. Read the full Insight to learn more. #S2P #softcostsavings #hardcostsavings

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Join Chris Sawchuk (Principal & Global Procurement Advisory Practice Leader) of The Hackett Group, Mondelēz International, and Sievo on December 11 at 3pm UTC for a deep dive into the build vs. buy debate in procurement analytics. Whether you're considering in-house development or external providers, this session will provide: - Real-world examples - Comparative analysis - Actionable guidance for your next steps Register now to gain valuable insights into which approach best supports your team’s goals: https://lnkd.in/dx32gaqN #TheHackettGroup #Webinar #Procurement

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Only 35% of CPOs say they currently have a working supplier segmentation model. Explore Gartner's 4 key strategies for implementing effective supplier segmentation. Gartner for Supply Chain | #GartnerSC #SupplierManagement #SourcingandProcurement

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Centralizing procurement activities empowers enterprises with improved visibility into spending and supplier networks, bolstering their risk management capabilities. Through centralized procurement, companies can readily pinpoint potential risks like supplier non-compliance and price volatility, enabling proactive risk mitigation strategies. This proactive approach helps organizations address issues before they escalate, minimizing their impact on operations and financial performance. Read Velocity Procurement's latest blog to learn more! #procurement #suppliersupport

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Rachel Henney, Director of Procurement Advisory at Velocity Procurement shared her insights at Procurement Foundry's Tech Sourcing event last week and discussed the nuances of Intake, Orchestration, and P2P. Where does your organization stand on these approaches? Share your thoughts below! #intake #P2P #techsourcing

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Derek Knueve and I recently appeared on the Talking Supply Chain podcast to discuss key considerations we're helping clients think through as they evaluate their supply chain design. Great time! #e2esupplychain #strategicsupplychain #supplychainoptimization #whenitreallymatters Brian Straight thanks for having us on! Clink the link below to listen: Talking Supply Chain: Think structurally for margin enhancements - Supply Chain Management Review (scmr.com)

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IT procurement can be complex, but outsourcing simplifies the process and allows businesses to: - Access expert knowledge - Simplify processes - Focus on core strengths. Let Velocity Procurement manage the complexities so your organization can concentrate on growth and innovation. Follow the link to explore Velocity Procurement's latest Insight to learn more! #Procurement #ITOutsourcing #TechInnovation

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Discover the latest insights on Gen AI in procurement on the Business Excelleration® Podcast. Listen as Vin Kumar, Tim Yoo and Jeff Gilkerson shed light on the challenges and potential impacts of integrating Gen AI into procurement operations. #procurement #GenAI #podcast

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Labor strikes and tense negotiations continue to highlight vulnerabilities in supply chains, emphasizing the urgent need for resilience. This article by Lisa Anderson in Supply Chain Xchange explores how businesses can mitigate such risks by investing in flexible strategies like diversified sourcing, robust inventory management and strong supplier relationships. This shift is crucial for companies aiming to maintain stability in uncertain conditions. Check out the full article: https://ow.ly/EmQu50U54nW #LaborStrikes #SupplyChain #SupplyChainXchange

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Unlock key strategies for managing direct & indirect spend with Velocity Procurement. Our latest LinkedIn post offers expert advice & tips. #procurement #businessinsights

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CSCOs are trying to lead their organization toward a more secure future. But, constant change is creating supply chain transformation burnout. Empower your staff with this Gartner transformation narrative guide to help them thrive in the evolving supply chain landscape. #GartnerSC #SupplyChainTransformation #SupplyChainSolutions

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Strategic sourcing plays a pivotal role in modern procurement, driving efficiency, profitability, and long-term success. In today’s dynamic market, mastering strategic sourcing is key to staying competitive. Check out Velocity Procurement's latest Insight to discover why this approach is essential and how it can elevate your organization’s performance. #strategicsourcing #costsavings

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IT procurement can be complex, but outsourcing simplifies the process, enabling businesses to: - Access expert knowledge - Streamline procedures - Focus on core strengths. Let Velocity Procurement handle the complexities, allowing your organization to concentrate on growth and innovation. Follow the link to explore Velocity Procurement's latest Insight to learn more! #Procurement #ITOutsourcing #TechInnovation

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