The benefits of purchasing consortia primarily fall into three buckets: economies of scale, economies of process, and economies of information. Each of these buckets provides a number of benefits to the member organizations.
Economies of Scale
The first type of benefit offered by a purchasing consortiums is economy of scale. The sheer volume of purchasing [...]
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It’s bring your wife to work day on the latest installment of SupplyNow, the joint podcast series of Supply Excellence and SpendMatters. Luckily, SpendMaster blogmaster Jason Busch’s wife, Lisa Reisman, has far more practical, hands-on experience with global sourcing and supplier management than either Jason or I.
Lisa is co-founder and managing partner of Aptium Global, [...]
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Last month, SupplyChainBrain, ran an article written by Ashok Santhanam of Bristlecone. I did not see any one highlight this article, so I thought I would bring mention to it.
Santhanam does a nice job of highlighting the typical problems that manifest in corporations, many times with very expensive back end ERP systems not solving [...]
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(caused by NAFTA), was just supplemented by a new acquisition close to the border in Austin, TX. (I know, the money isn’t going to Mexico, but it was the best I could come up with). Last week, while all the noise about Procuri was at full throttle, Nextance went out and made one [...]
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If you haven’t guessed already, calling bloggers to action is a bit like herding cats … except the cats move faster … much faster … and use real claws if you tick them off. And even though they recognize that Web 2.0 time goes by faster than dog years, when it comes to the big [...]
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Simply put, systematize the tactical and free up your power sourcer(er)s to focus on the strategic. You should automate everything you can from an extraction, classification, categorization, amalgamation, enrichment, and standard financial reporting perspective so that your team can spend the bulk of their time slicing, dicing, refining, dimensionalizing, and re-classifying your spend data in [...]
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As I indicated back in March and again in August, the 5th PMAC / MeRC / ORNEC International Supply Chain Management Symposium is coming up next month in Toronto, Ontario. With keynotes from David C. Swiggum from IBM, Jim Mikell from Everest Group, Kevin Costello from Ariba, and Robert C. Johnson from Purolater as well [...]
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As I mentioned in my recent post Supply Chain Does Not Have To Be A Dirty Word, TrueDemand has recently made an effort to publicize the Seven Deadly Sales Suppressors which any organization who sells consumer purchased goods should be aware of and address. These are: Out of Stock [...]
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The big news this month with Ketera was their recent Connect conference in California, but back in July they put out a good whitepaper on Supplier Catalog Management: Avoiding an Expensive SAP SRM Migration in the context of supplier enablement. The white-paper starts by noting that SAP SRM customers are in a big [...]
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Now that you’ve read my pieces on The Future of Sourcing and Spend Analysis Today you know that spend analysis is key to your continued success when it comes to year-over-year savings. You want to get on with it, but you’re not sure where, or how, to start. In this post, I’ll attempt to answer [...]
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