When I asked the Strategic Sourcing & Procurement LinkedIn group members to suggest topics for upcoming calls, there were a lot of requests pertaining to indirect spend. So, this Friday, the group’s July member conference call will be an open discussion on indirect categories (marketing and consulting will definitely be covered – if you have [...]
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Paul Melchiorre, Ariba’s VP of Strategy had a chance to sit down with Vinnie Mirchandani, former Gartner analyst, and author of The New Polymath, being published by Wiley in June, to discuss how the book’s contents could apply to the sourcing community. Part 1 of the interview is here.
Paul Melchiorre (PM): What New Polymath characteristics [...]
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Paul Melchiorre, Ariba’s VP of Strategy had a chance to sit down with Vinnie Mirchandani, former Gartner analyst, and author of The New Polymath, being published by Wiley in June, to discuss how the book’s contents could apply to the sourcing community.
Paul Melchiorre (PM): To start with. what is a New Polymath?
Vinnie Mirchandani (VM): Paul, [...]
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I would like spend some time to talk about what’s new in spend analysis technology and the benefits its providing to the market in terms of efficiency, visibility and speed to ROI.
Data Extraction and Importation
The biggest undertaking with older da…
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How often have you heard the phrase what you don’t know is what costs you? This phrase has never been truer than when companies are trying to assess who and what they are spending their money on. Take this classic example of what happens when a cor…
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At the recent webinar, Assessing the CFO’s View of Procurement, an audience member asked a question that I’d like to share: What exactly is “spend under management?” Andrew Bartolini, VP and group director of Global Supply Management Research at The Aberdeen Group, answered the question as follows:
It’s an area that I’ve been focused on in [...]
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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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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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While making fun of the way governments purchase has long been a good source of humor in spend management circles, the deficit news coming out now leads one to believe that it is now time to really make something happen.
What do you think? How would you make this happen? Is it a lost [...]
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