Procurement Innovation
Today I’d like to thank Vinnie Mirchandani of Deal Architect and New Florence. New Renaissance. for allowing me to re-post his thoughts on Healthcare - Three Way Matching as part of Healthcare Week.At the HiMSS conference a couple of weeks ago, I had the privilege of having an industry veteran - Dave Watson - as [...]
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One of the areas I don’t talk much about is health-care - even though it’s one of the areas that could probably benefit the most from e-Sourcing and e-Procurement? So why don’t I talk about it? Because I don’t do any work in the area. Why don’t I do any work? [...]
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I was very pleased to see a recent article in the Supply Chain Management Review that said it will be necessary for procurement professionals to develop new ways to define and identify needs inside their organizations, to assess the capabilities of the organizations’ internal resources to meet those needs, and to match them against all [...]
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For our last post in the X-asperation series, we’re going to conclude with e-Procurement as we tackle the generic questions that you should be asking every vendor, and the types of answers you should be expecting. And just like the X-emplification post, we’re going to keep it short and sweet.1. What do I have [...]
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I’m reminding you of this because it appears that there are still some vendors out there that would have you believe it’s e-Sourcing or e-Procurement, or some fractured combination of both - because that’s what they have and they want all of your business.e-Procurement and e-Sourcing are not the same thing. They’re too halves [...]
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CPO Agenda recently ran an interesting article in their Winter edition called The Amazon Effect which, although it asked a good question, did not, in my opinion, give a full answer. It also got one of its facts wrong! Coupa, and not Ketera, was actually the first company to actively promote the user-friendliness angle [...]
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Sooner or later you have to pay the piper, and that’s why I saved this topic for last. Although e-Payment falls under the e-Procurement umbrella, that we covered back on Day 5, most e-Procurement solutions don’t handle e-Payments, and most e-Payment solutions are actually stand alone solutions. Thus, it’s important that this topic [...]
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e-Procurement is simply the automation of the basic procurement cycle using information technology and the internet. This cycle starts with a requisition, may or may not require an authorization, and centers around the creation, transmission, and fulfillment of a purchase order. Thus, it also involves goods receipts, reconciliation, payment, tax reclamation, and [...]
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A little over a week ago, in Networks are ok. Catalogs are Good. Punch-outs are Better. But Agents are King!, I introduced you to Vinimaya - a little known company from Shelton, Connecticut (apparently, it’s not a total wasteland) that may be the only company in the space with a real answer to the Supply [...]
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Last month, Strategy+Business ran an article on Saving Procurement from Itself that started off by saying that it’s time for chief procurement officers (CPOs) to stop relying solely on functional depth and start increasing functional breadth. According to the article, the emergence of strategic sourcing was a defining moment for [...]
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