A while back I wrote about how natural evolution of Software as Service (SaaS) or cloud computing was positioned to become the savior for procurement managers in this economic downturn.
Now Mickey North Rizza, the resident supply chain guru at AMR Research has forecasted that this trend will see a significant growth rate in the coming [...]
Continue reading about From AMR: Will SaaS Be the Economic Bailout Plan for CPOs?
I ran across a very interesting and timely blog the other day via Sourcing Innovation that really nailed the typical conventional economic crisis thinking and why it is absolutely the wrong strategy right now.
The title of Jim Tompkins’ (of Tompkins Associates) blog for Supply Chain Brain was Cut, Cut, Cut is Not a Strategy for [...]
Continue reading about Cutting across the board is not a strategy for reducing supply chain costs
Know your customer.
These are three simple words that should be the mantra of every business, yet companies around the world struggle with this simple premise. The truth is when businesses get large and complex, the customer often becomes nothing more than number or a commodity.
And now as the economy continues to worsen and new business [...]
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 [...]
Spend analytics is the bane of many a procurement professional as we all know that we can’t manage what we don’t measure. There are seven key answers we need to do our jobs:
1. What is purchased?
2. What is the cost?
3. Why did we purchase it?
4. Who purchased it?
5. For whom?
6. From whom?
7. When?
I realize that this is an oversimplification, but most of [...]