Yesterday we introduced you to supplier performance management, a methodology for reducing supply risk, driving continuous cost reductions and performance improvements, and accelerating savings. Proactive supplier performance management programs can improve service levels by 10 to 30%, improve invoice accuracy by 10 to 20%, and reduce inventory levels while increasing on-shelf availability. [...]
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For the last six weeks, I have been exploring problem solving methodologies you could use to help you with your sourcing problems. At a later date, I’m most likely going to take up six sigma and lean, but today I’m going to rant.
There’s no such thing as a Spend Intelligence Solution!
And before you [...]
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Sometimes even bloggers are cursed by writer’s block, and sometimes even the witty rhetoric of other bloggers is not sufficient to get the creative gears moving again. So what’s a blogger to do? Where can a poor blogger turn for inspiration for that critical first line?
No longer will I need to ask that question [...]
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The 8th annual open source convention wraps up today in Portland. I hope to make it there next year. On the open source startup advice front, Matt Asay had an interesting blog post summarizing his presentation. Good stuff Matt and thanks for sharing!
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For those that believe supply chain risk is limited to sectors like automotive where many suppliers are increasingly moving into crisis mode, think again. Supply chain risk even impacts end consumers. Consider this article which describes how fake Lipitor is entering the UK supply chain, reaching end consumers at the pharmacy counter. If you think [...]
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If you go looking for a traditional requisition line category in the Coupa eProcurement Preview Release you will come up empty-handed. It’s not there. Of course, it’s MIA on purpose.
While I was at Oracle I kept trying to figure out how to solve the categorization riddle. On the one hand, classifying spend is a reporting/accounting [...]
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Last weekend we discussed supply chain risk and how important it is in today’s efficiency based supply chains where a single disruption can cost a corporation six, seven, or even eight figures and when more than 80% of supply managers reported in a recent Aberdeen study on Supply Risk Management that their companies [...]
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I’ve not had the chance to speak with Dave Stephens since he launched Coupa officially this week, but I’m looking forward to digging deep into the Open Source eProcurement application in the coming weeks, and reporting my findings on Spend Matters. Michel Lamoureux has posted a great write-up already on Sourcing Innovation which I [...]
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With profitability, compliance, and risk management high on executive agendas, demand for contract management automation has been climbing steadily for the past three years. Two recent benchmark reports from my alma mater Aberdeen Group indicate that businesses’ appetite for these solutions continues to grow. (Click here for free copy of the full report. Registration required.)
More than [...]
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The well buzzed and documented release of Dave Stephens new venture, Coupa, has gone live. Originally slated for July 4th – “Independence Day” (meant to symbolize freedom from expensive installations of the past) is available at Coupa eProcurement. Dave personally took me through the tool in mid-June and I can attest that it [...]
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