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 [...]
I’m sure many of you remember the old Fram oil filter commercials where the solemn mechanic would shake his head and say, “You can pay me now…or pay me later.” Of course, in the background, you see a broken down car being towed into the shop by someone who was “paying later.” It was an [...]