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Hackett: Procurement Renews Focus On Cost Reduction as its Top Priority

The Hackett Group

The Hackett Group ® found that ensuring supply continuity – last year’s greatest concern – fell to second place in this year’s ranking, followed by combating inflationary price increases in third place. Data analytics and reporting topped the list of planned improvement initiatives for 2024, followed by talent management.

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The Hackett Group: Supply Continuity and Inflation Are Critical Procurement Priorities for 2023

The Hackett Group

Talent management is the No. 1 planned improvement initiative for procurement organizations in 2023, The Hackett Group ® found. But it was surprisingly absent from procurement’s list of top priorities for 2023, in part because executives view talent management as a relatively mature capability. NASDAQ: HCKT). An expected 10.6%

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The Hackett Value Matrix Quantifies the Value Realized From Purchase-to-Pay (P2P) Software Solutions Providers

The Hackett Group

New Market Intelligence Research Finds That Top-Performing P2P Solutions Providers Deliver Companies Dramatically Higher Value Creation Miami, FL — August 23, 2023 — The Hackett Group , Inc. The P2P Hackett Value Matrix charts the value realization, breadth of capability and solution maturity for leading purchase-to-pay solutions providers.

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Answerthink Achieves AWS SAP Competency Status

The Hackett Group

MIAMI, FL – August, 25 2021 – Answerthink, a division of The Hackett Group, announced today that it has achieved Amazon Web Services (AWS) SAP Competency status. Answerthink is a division of The Hackett Group, Inc. Hackett does not undertake any duty to update this release or any forward looking statements contained herein.

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3 Ways Sourcing Professionals Can Proactively Address Risk

Sarah Holliman

Risk…it’s a four-letter word. What is most challenging though is that it can come in many forms, making risk mitigation difficult at best and financially devastating at worst. In fact, more than half of businesses experienced a third party data breach in 2017 according to a study conducted by the Poneman Institute and Opus.

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The Pros and Cons of HR Outsourcing

NoonDalton

And according to a Hackett Group report , it really does work. HR personnel are now involved in recruiting, hiring, training, morale-building, policy-making, risk management, and other activities. As a result, the risk of excessive outsourcing is a breakdown in communication between firm management and its employees.

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Pros and Cons of Outsourcing HR Functions

NoonDalton

The most frequently outsourced services include: Payroll management. According to a survey by the Hackett Group , organizations that subcontract these services spend 26% less and employ 32% fewer people. Delegating it to a third party means giving up some control, which is a common concern when considering this option.