I recently laid out my thoughts how Web 3.0 will change sourcing and procurement by increasing the volume of information about buyers and suppliers. B the time that evolution occurs, the internet itself will be massive. Actually…what am I saying…it already is massive and that’s why everyone relies so heavily on Google to index everything.
But [...]
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This is part three of a three-part series.Two days ago, we overviewed the key points that Jason “The Prophet” Bush, the Spend Master of Spend Matters, is making in his annual soapbox road tour, including his five — new and improved — predictions for the procurement world of tomorrow. Yesterday we discussed what it [...]
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A member of the Buyer & Supplier Contracts Group on LinkedIn recently posted a very interesting question to the community:
In this Volatile market scenario is it ethical to renegotiate the existing contracts? Is this the only way to survive in the business?
In the current economic and credit climate, I’m sure a lot of companies are [...]
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This is part two of a three-part series.Yesterday we covered the five — new and improved — predictions of Jason “The Prophet” Bush, the Spend Master of Spend Matters, that he has issued from high (on his soapbox) to the supply management community as part of his fall conference tour. These predictions were: [...]
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News this week that Tesco is looking to double its payment terms with suppliers to 60 days should certain raise some eyebrows within (and beyond) cash-strapped food service and retail sectors. Yet, hopefully, it will not cultivate a cult of imitators.
While cash is certainly king in today’s economy, this is not the time to withhold [...]
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This is part one of a three-part series.At the recent 6th International Symposium on Supply Chain Management sponsored by PMAC and the DeGroote School of Business at McMaster University, Jason “The Prophet” Bush of Spend Matters gave his trademark “Emerging Issues in Procurement and Supply Chain Management Soapbox Presentation. For those of you who’ve [...]
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One last topic from Spend Management Day in Seattle has been in my queue for a while, and that’s the common theme from several presenters towards processes that empower their employees to work on exceptions to the rule rather than repetitive tasks.
A great example is Expedia, whose contracts department handles a staggering 45,000 active contracts [...]
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Like it’s predecessors in the series, this latest white paper on how Content Enablement Technologies Enable e-Procurement 3.0 is about B2B 3.0 (Business-to-Business 3.0), the next generation of technology for the enterprise that generates value throughout the supply chain, and how it enables e-Procurement 3.0, which is the only implementation of e-Procurement technology that is [...]
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Last week, I posted on best practices for category assessment. While that advice should walk you through executing on categories where there are savings opportunities, I think it’s a good idea to take a step back and look at exactly how you should identify those categories. After all, it’s not as though the decision [...]
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Today’s guest post is from Bernard Gunther of Lexington Analytics. He can be reached at bgunther <at> lexingtonanalytics <dot> com.Over the last 15 years, I have had hundreds of discussions about commodity structures with CPOs. Invariably, I am asked, “What is the right commodity structure to use?” Or, “Use the UNSPSC structure. It’s an [...]
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