Procure IQ

This summer Aberdeen released its fourth E-Procurement Benchmark Report, E-Procurement 2.0, where Aberdeen found that like your local mail service, e-procurement steadily delivers.
According to the report, enterprises participating in the 2006 benchmark report that they:

increased their spend under management by 36%
reduced their requisition-to-order cycles by 75%
reduced their requisition-to-order costs by 48% [...]

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Wow. Here’s a review of Ford’s latest quarter. And it’s not pretty. I thought I’d offer the perfect audio complement: a snippet of Rudy Vallee’s 1932 recording of “Brother Can You Spare A Dime.”
Now their new CEO has called on accelerating the move to smaller, more fuel efficient cars. But that misses the point. Slow [...]

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Dr. Lamoureux of Sourcing Innovation recently pointed out the Frasers/PMACNewsLetter to me and this month it has a great article on how to Use labor productivity to drive down purchase costs.
The article points out that suppliers often use wage increases to justify small nudges in prices each year since it seems reasonable, but wages [...]

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In our last post on Global Trade Data Management we indicated that not a lot of focus has been traditionally placed on the management of Global Trade Data because, if it’s done right, there are no significant savings opportunities and most companies still are not really aware that they should be focused on it. The [...]

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Perusing the CFO Research Services site, I came across the Corporate Performance Management: How Committed Leaders Drive Results Report, consisting of conclusions papers from the CFO executive conference held earlier this year in New York, New York.
The second mini-paper in the report was Aligning the finance function to strategy execution based on a presentation [...]

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We’ve discussed Global Supplier Visibility and Performance, Supply Chain Finance, and even Supply Chain Audits, but we have not yet delved into Global Trade Data Management, an area that, if mismanaged, can cost you millions of dollars.
Why? Maybe it’s because if it’s done properly, there are no considerable savings opportunities when compared with other [...]

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It’s out of control. And I’m not just referring to the selling price. What else can you say when the current trend is your cat on a treadmill. ‘Nuff said.

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Tim Minahan of Supply Excellence offered us a great post on How to Assess Your Net Worth back in June IF you were a purchaser in the US, leaving Canadian purchasers out in the cold. Fear not, as reported in this month’s Frasers/PMAC NewsLetter, the 2006 Purchasing b2b/PMAC Salary survey was recently released and here’s [...]

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The first phase of supply management improvements focused on developing new processes and deploying Web-based tools to automate existing processes and to identify cost savings. The next phase of supply management – in which we currently live – is all about compliance.
That’s why imposing policy, process, and system changes to ensure compliance is the second [...]

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Uh oh, its official. This industry is now over the top on acronyms and buzzwords. This is a very entertaining article which gives good explanations of common words that people probably think they know, but more likely do not. I am not sure if I should be happy or disturbed that I [...]

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