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’
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
As we enter into a new year following a long global recession that appears to be ebbing, many companies are beginning to position themselves for growth through selective technology investments.
One of the biggest upticks has been creating more buyer choice by employing hosted catalogues. In past this wasn’t always the case because interfaces weren’t particularly [...]
Continue reading about Hosted Catalogue Solutions on the Uptick for 2010
As the Holidays rapidly approach and the world economy appears to be coming out of the recession, here are some lunch links of interest for you:
Procurement Could Pay the Price for Lack of SRM
The day of reckoning could be close at hand for procurement organisations at some of the world’s largest companies. That’s the warning [...]
Continue reading about Is a Day of Reckoning Coming for Procurement Organisations?
Are data extraction tools the next big thing? Is Oprah having an effect on your supply chain. This and more in today’s lunch links:
Data Extraction Tools: Next Big Thing?
Spend analysis company Rosslyn Analytics is the latest company to have dusted down its crystal ball to produce five predictions for 2010.
It believes that data extraction tools will [...]
Continue reading about Today’s Intelligent Supply Management Lunch Links
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
SAP recently asked more than 200 procurement executives about what strategies are working today in this uncertain time of economic free fall.
The survey, Succeeding with New Procurement Strategies, was conducted with the help of the Procurement Leaders Network and found that procurement departments are going back to basics, trying to reduce costs and better manage [...]
Strategic Sourcing is one of the most misused procurement labels in the industry today. There are an endless number of purchasing activities, which are lumped under this title, but very few should actually be considered as Strategic Sourcing.
Is that a problem? Well yes and no. Labels are about helping people communicate with each other but [...]
Continue reading about How Strategic is Your Sourcing? – Part 1
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 [...]