I was recently fortunate enough to engage one of our customers in dissecting their requisition to check pathways or channels.
What made this a very interesting process was learning how the process steps (i.e. automatic order, paper invoicing, etc.) you support can really help you understand your costs. Once you have that understanding, you can move [...]
Continue reading about Do You Know Your Pathway to Lowering Transactional Costs?
To “E” or not to “E”:
…that is the sourcing question that many companies still struggle with. The technology is mature, having been around over 10 years now, yet the adoption rates are still comparatively low. Many organisations have tried e-events, but not found the value to be worth the time and the money, so why [...]
Continue reading about Understanding the True Value of e-Sourcing (Part 1)
Unfortunately, as the world-wide economy worsens, for many suppliers the answer has been to slash inventory as a short-term solution to reduce costs and create more cash flow. No doubt, the investment of inventory provides an easy opportunity to meet that goal, but there is a danger that may be greater.
The risk is associated with [...]
Continue reading about Slashing Inventory to Reduce Costs May Ultimately Reduce Revenue as Well
If you read Chris Haydon’s blog Is It Time For Standards?, one of his main points was not pushing complexity down to your suppliers. Complexity in the supply chain is not a new phenomenon, but it tends to get magnified when economic conditions start eating away at your profitability.
The True Culprits
If you want to go [...]
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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 [...]