Wow! You have serious procurement needs when you can even consider doing something like this. When I first read about this possibility coming from General Motors, I thought it was a pretty exciting prospect. This concept is not new, and I have personally seen it work exceptionally well. The function of […]
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The current financial crisis has created a media conflagration that feels like a combination of the bird flu epidemic coverage in 2004 and the OJ Simpson trial coverage in 1994. So hot has the media fire burned that OJ was found guilty last week of a subsequent crime and received almost no coverage at all.
The […]
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Where do I start? I have been hearing less and less of this phrase when it comes to the eSourcing / eProcurement space, but it is still out there. All too recently most procurement leads (Directors, VP, Managers, etc) were very reluctant to start an initiative because of fear of making the wrong choice in […]
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Of course, every one will guess China is one of them (in this case - Silver), but the others? Its America bringing home the Gold. Wheee! The Middle East and Africa tied for the bronze medal.
According to a recent AMR study, the US and China represent the highest risk for manufacturers.
Keeping manufacturing […]
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Empirical Proof That Saving Is Easy
Going back to the basics may be the best strategy for realizing cost savings. This blog overviews an article published about a 21-year old undergrad student who saved Down Corning $37,000. The student’s advice: “take the right approach to get the right deal using the right tool…”
Email Forward […]
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Spend Challenges- Today and Tomorrow– (Part 1)
What are the toughest obstacles that future supply/spend managers will have to overcome? Michael Lamoureux, “The Doctor” of SourcingInnovation.com and co-author of Iasta’s “e-Sourcing Handbook” recently asked sourcing pros. This blog discusses three possible challenges, why they will occur, and how to grind through them.
Email Forward & […]
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Most Lag in Supply Chain Risk Management
According to Aberdeen studies, 58% of companies endure a financial loss from disruptions in their supply chain, and less than 1/3 of them are doing anything to manage supply chain risks. This blog takes a look at why companies are lagging in managing risks, what procurement managers can […]
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In this post I’m going to make two predictions: the first is bold (the credit crisis is over), the second is cynical (interests hostile to significant action on cutting/valuing carbon emissions will use the crisis to delay action).
Firstly, the credit crisis is over and I believe the recovery will be far faster than the experts […]
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In my years in the field, I’ve seen many procurement professionals be approached by media, such as trade publications, with the opportunity to share their success stories with the press only to have the idea shot down by their organizations’ Communications or Marketing Departments. I can’t say why this is in all cases but, […]
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It seems like everything that can go wrong, has gone wrong this month. The credit markets are frozen, the stock market has lost $2 trillion worth of value in the blink of an eye, and here in Atlanta, it has been a re-run of that 70’s show where a Hurricane Ike-induced gas shortage has […]
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