Whether your organization is using eSourcing, paper-based sourcing or just simply a review of paper catalog data to determine what vendors you will select indirect goods or services from, there is the potential for spend leakage in your processes.
Many companies execute well-thought-out sourcing strategies in order to achieve best-value outcomes for their organizations, but after [...]
Continue reading about Maximizing the Value of Sourcing Efforts in Electronic Catalogues
In the previous installments, we’ve looked at how you can prepare for an upswing in your business by evaluating your partners and the people who work for you. Make no mistkaes, those are two very important pillars in the process, but I think you also need to validate that you have the right information technology, physical [...]
Continue reading about Are You Prepared for an Upswing in Your Business? Part 3 – Infrastructure
In the previous installment, we focused on getting your business ready to handle growth as the economy starts to rebound by investing time and resources with your strategic partners.
In this installment, we’re going to focus on the most important resource you have: your own employees.
A Growing Future
If you are like most businesses these days, you are [...]
Continue reading about Are You Prepared for an Upswing in Your Business? Part 2 – People
The last 18-24 months have drawn our collective attention to financial turmoil, economic loss and growing unemployment around most regions of the world.
Your own organization has likely trimmed inventory levels to meet the new demand realities; purged your “redundant” personnel and attempted to pare back debt requirements within your company. But are you prepared for [...]
Continue reading about Are You Prepared for an Upswing in Your Business? Part 1 – Partners
As the planning process for many corporate budgets winds down for 2010, organizations are now seeking information from potential vendors to provide them with solutions during the upcoming Fiscal year.
Not unlike many other organizations, our offices here have been hopping with response activities and the diversity of the format, content and direction of requests is [...]
Continue reading about Open Season – Minding your RFPs and RFQs
The first three discussions on this topic focused on where to start and how to implement your specific program. Now that you are well on your way, the prospects of success will likely turn to other key initiatives and away from your pet project tied to Source to Pay.
In my experience those items which are [...]
For individual consumers, the last 12 months have been a test of mental faculties on the financial front. Spending trends until the close of 2007 could have been compared to the alcohol binges of a university student on semester break.
Fast forward to 2009. Some of us are now stretching every last dollar to go as [...]
In the last installment on this topic I mentioned that well-defined goals drive success in Source to Pay initiatives. This article will focus on tactical execution that will enable your team to reach the goals you set.
Your gut will typically tell you where to start, but be sure to capture some data points to further [...]
As world economies slow at rates similar to F-1 racers in a traffic jam, purchasing organizations around the globe find themselves re-evaluating their goals and ability to execute given ever decreasing resources. This blog is one in a series that will evaluate the ways in which industry leaders plan, execute and sustain their Source to [...]