Reverse Auctions
There is an economic storm brewing and its called a recession. I believe Zig Ziglar once stated that experts have predicted 36 out of the last 2 recessions. The problem is, that nobody actually knows if we are in a recession until the economy is already pulling out of it. To start, [...]
Read the rest » E-Sourcing Forum
Charles Dominick had a good story about purchasing a new vehicle, which reminded me that I was going to blog about my own process of buying a new car. Last month, we decided to go through the same assessment in my own purchasing department which includes me starring as CPO, Director and Buyer. [...]
Read the rest » E-Sourcing Forum
SCDigest ran a commentary recently which spelled out five recommendations for improving your results for eSourcing.
Prioritize The Trinity Of Reliability, Quality And Price
Very true, eSourcing does not change what you would normally do when going through a sourcing exercise, it just enhances it. If you sense the loss of a critical milestones, recalibrate and [...]
Read the rest » E-Sourcing Forum
Supply and Demand Chain Exec has a fantastic article on eSourcing process integration, which is written by Andy Sealock of Pace Harmon. If you can get past the incredibly unfriendly user obstruction for printing and viewing the article on 7 different pages, you will be able to really get a ton of great information. [...]
Read the rest » E-Sourcing Forum
The Doctor, who runs Sourcing Innovation blog, is never short on heavy hitting analysis. I particularly like when he takes on topics in eSourcing (big surprise). Last week, he had an in depth breakdown of the core functionality that most think of for eSourcing -eRFx/eAuctions. Additionally, you will notice his theme of [...]
Read the rest » E-Sourcing Forum
I ran across an interesting article, which continued my recent trend of running into a great deal of new content about reverse auctions. Sort of a strange phenomenon, but true. This one was discovered on CFO Magazine and tells the story about research being done to create software which attempts to infer the [...]
Read the rest » E-Sourcing Forum
Just when I thought information and discussion regarding reverse auctions had exited stage right, along comes Infosys with an incredible breakdown of reverse auction best practices. When I initially started reading it, I thought I would find a couple interesting stats about how companies use and benefit from auctions. The article certainly had [...]
Read the rest » E-Sourcing Forum
There are many components to e-Auction success, including good strategies, best practices, and inscrutable ethics. However, this post is going to overview another set of good process that you can follow to make sure the auction runs smoothly, efficiently, and delivers on it’s expected benefits.
Define Requirements and Goals
As [...]
Read the rest » E-Sourcing Forum
The success of your auction is not only limited to the results you obtain, but also to how smoothly the process runs. Too often, buyers are very communicative up until the auction runs and then forget about the vendors. For continued success and to increase your chances of having vendors take part in future e-sourcing [...]
Read the rest » E-Sourcing Forum
As a follow up to my recent post on Good People First, Good Systems Second, I’m going to highlight a recent article in Supply and Demand Chain Executive: e-Sourcing Tools - Means to an End. This article points out that in addition to good people, you also need effective process definitions and process integration [...]
Read the rest » E-Sourcing Forum