As the author penned in Spend Visibility: An Implementation Guide, “Almost any attempt by an organization to analyze spending patterns is likely to be fruitful, especially if there hasn’t been a serious prior attempt. It is easy to find thousands of breathless testimonials about a particular product or method – independent of the quality of the product or method – because almost any product or method will find savings if a spend visibility initiative has never been launched before. ‘In the land of the blind, the one-eyed man is king.’

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This simple fact has confused end-user organizations and analysts for many years. In fact, it has convinced most spend visibility vendors (and most analysts) that spend visibility is a fundamentally simple process of mapping Accounts Payable spend, and then drilling for dollars.  What is not so obvious is that this initial burst of savings is short-lived; and that many of the ‘quick saves’ that result are unsustainable.”  Especially if an organization does not select the right solution in the beginning that will allow it to define, and implement, a strategy that will allow it to identify continued savings year-over-year after the initial burst of savings are captured.

The NLPA webinar, “Spend Analysis Solution Selection: What to Look for in Software and Services,” will focus on helping an organization identify:

a) whether it should pursue a software, services, or combined offering;
b) key features of a spend analysis platform for year-over-year success;
c) critical requirements for a successful services-based approach; and
d) what to look for in a hybrid solution that will allow an organization to migrate from services-based to software-based.

This webinar will be held on July 28, 2015, at 11:30 AM Eastern US Time and will be conducted by special guest expert, “the doctor” – Michael Lamoureux, Ph.D, Founder of Sourcing Innovation.

This webinar is open to all members of the NLPA and a Basic Membership in the NLPA is instant and doesn’t cost a cent! Here’s how to secure your attendance for the webinar:

If you’re already an NLPA member: Head over to http://www.NextLevelPurchasing.com/login.html, log into the members’ area, and navigate to the “Webinars” tab. There you’ll find a registration link, be sure to enter a valid email address as attendance details will be sent to you by email.

If you’re not yet an NLPA member: Register for your complimentary Basic Membership in the Next Level Purchasing Association at http://www.NextLevelPurchasing.com/procurement-association.php?pcb. After doing so, you’ll receive an email with information about how to log in. After logging in, navigate to the “Webinars” tab. There you’ll find a registration link, be sure to enter a valid email address as attendance details will be sent to you by email.

Registration may be limited, so sign up soon to ensure access to this event. I hope that you will join me for this exciting webinar!

 

Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

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