By Brian Smith, TPI
The Administration has proposed a set of new rules to increase regulation of the banking industry. While we don’t know what the final outcome will look like, we do know that changes will be focused on lending, bank structure, …
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Supply & Demand Chain Executive Magazine, the executive’s user manual for successful supply and demand chain transformation, this week announced the tenth annual listing of Pros to Know in the Supply Chain Industry.
The Pros to Know is a list…
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Iasta, a leading provider of eSourcing software and solutions, today announced that Gartner, Inc., a leading independent provider of research and analysis on the global information technology industry, has positioned Iasta in the “ChallengersR…
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ERP systems have been historically good at processing and recording transactions, but mining data for spend visibility was not one of them. Spend Analysis started in the early 1990’s at progressive companies like GE and at consulting firms like M…
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Category management is very valuable to organizations that conduct sourcing initiatives and want to capture key knowledge around that specific sourcing category, integrated with the corresponding organizational Spend. This allows for ongoing category…
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One of the big cost and “choke” points in Spend Analysis has been the difficulty in collecting the many different sources of Spend related data. Spend data typically resides in disparate systems, including ERP, AP, PO, Pcard, Suppliers, Supplier …
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The current political debate about Health care made me think about how this debate is relevant to Cost Reduction and Cost Avoidance. To provide a baseline of how I am defining my terminology I will use these definitions:
Cost reduction unquestionably …
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In the world of Spend Data Management and Spend Analytics, not much new technology has come forth over the past 5 years, until now. We have been stuck with ETL’s requiring structured data templates, fixed databases, reporting cubes, and manual data…
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To approve Spend Analysis projects, project Sponsors often need to justify to their management why they need to utilize Spend Analysis providers to do the project, as opposed to internal IT resources. Some companies may not have this problem in tha…
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An article in the Wallstreet Journal provides a wonderful example of how implemented best practices and process improvement programs like Six Sigma can go astray after experts move to other projects, Managers relax accountability and excitement fades. …
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