It’s hard to believe with the advent of the intelligent supply chain, or smarter supply chain that people still stubbornly stick to manual processes. One suspects that they still pick up their daily newspapers and think Kindle is what you do to start the fireplace.
It would be easy if it boiled down to a simple [...]
Continue reading about How Much Are Manual Document Processes Costing You?
As a follow up to You Are Your Supply Base, I’ve come across a lot of research that seems to indicate the need for better supply base management and analytics is working its way to the top of the list of priorities for many companies.
In a recent Accenture report, senior managers are still relying more [...]
Continue reading about Up-To-Date Supply Base Management and Analytics Work Better Than ‘Gut Feel’
There’s an old business saying that always rings true. “What gets measured is what gets done.”
It’s no secret that procurement has seen a higher profile as companies seek to control costs and increase the overall value of their supplier relationships by reducing risk and increasing compliance across the board.
Assessment of Performance and Risk Top Survey
In [...]
In my position, I end up going though many articles and surveys and I came across one the other day that said almost 65% of all companies running sales order management systems had as many as 11 order management systems.
Yikes.
This not only seems like a waste of money and resources, but the perfect storm of [...]
Continue reading about Effective Order Management Requires Control of End-to-End Processes
While overcoming the internal company culture seems to be the biggest obstacle, according to Healey’s survey, it’s no easy task for IT when it comes to the technical either.
The Electronic Data Interchange (EDI) standards have been around since 1980, starting with invoices and orders, but they have evolved and expanded into much more. There are [...]
In my previous post I discussed the cloud in terms of its most salient benefit: Information sharing.
There’s no question that sharing data will improve relationships with customers and suppliers. As companies go from the cost-cutting that was prominent in the recession to growth, data sharing should be the main driver to opening new markets, winning [...]
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 my last installment I discussed the viability of archiving documents and its effect on creating more efficiency in lifecycle information management and why it was largely lost on many businesses. But it was easy to understand. It’s just not that sexy, that is unless you’re so backlogged with hard copy documents that nothing can [...]
In the ever changing technology of supply chain management, you hear terms like E-sourcing On-Demand, Procure to Pay, Spend Intelligence and SaaS SRM thrown around quite frequently. But mention the term “Archiving” and you’ll likely get a glazed look and a shrug along with mental images of dark shelves and silos collecting dust in some nameless [...]
It was with more than a little sadness when I read today that Purchasing.com and Purchasing Magazine will no longer be around.
Reed Elsevier, parent company of Purchasing, announced today that it is closing Purchasing and the magazine’s website, purchasing.com, as well as most of its other U.S. publications, effective immediately.
The closing is part of a [...]
Continue reading about Purchasing Magazine and Purchasing.com to Close