I have been on the strategic sourcing side of procurement for quite a long time now and my knowledge center for the tactical side has grown steadily over the years. However, I have never been closely tied into it, so I have been trying to diagnose the value across the spheres of functionality and whether […]
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Most sourcing programs start off with a bang. Companies attack the biggest spend categories looking for savings. Usually, a flurry of online negotiation follows a lot of careful research and analysis on prior years’ spend data. And oh boy do the initial savings roll in.
Companies pursuing competitive sourcing for the 1st time can achieve fantastic […]
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Even though some may argue that the two platforms should remain separate, especially since most providers today either excel in one platform or the other, I believe there is a strong case for the integration of the two platforms. Let’s start by considering a basic procurement process, pictured below. Even though it looks […]
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Next week, I will devote these virtual pages to a special series on eSourcing and eProcurement and where their respective spheres cross. I have enlisted some friends in the industry to help give perspective on topics such as integration and next generation supplier networks.
Next week’s authors will include myself, Dave Stephens - CEO of […]
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A recent study by McKinsey & Company and the Supply Management Institute found that high performing firms have high performing purchasing departments, that what matters most is the people in the purchasing department, and that purchasing departments staffed with talented, motivated, and interactional personnel achieve, on average, savings that is two-and-a-half times higher than their […]
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Sometimes I need to take a minute to realize that the whole world does not already just “get it”, when it comes to the SaaS model. Although we have built our tools in the on-demand framework from the beginning, there are still many that are only now coming to the realization that the application […]
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If you are a small business (as defined by Aberdeen as sub $1b in revenue), then you are probably getting tired of being classified as a Laggard in every study that comes out. I came across a nice short brief by Aberdeen which packages up the details of the smaller enterprises very well. […]
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Yes, I am gloating.
Its been a good year here at Iasta Global HQ. Of course, being the fastest growing company in supply management is fun and great. However, its also very important to distribute our plaques into other accomplishments!
Even though the 2007 Software 5oo is only available in print right now, I will […]
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Low Cost Country Sourcing, often abbreviated LCCS, defined as a procurement or sourcing strategy in which a company sources materials from countries with lower labor and production costs in order to cut operating costs, is not a new subject. IIn fact, it’s a rather hot topic today. Googling “low cost country sourcing” (without the […]
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For any one that subscribes to this blog and understands our position on eSourcing, my contribution to the 2007 Sourcing Innovation Series should come as no surprise. However, I forge these opinions, not by being locked up in a think tank with no access to sunlight, but with direct contact with practitioners, both client […]
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