BERTRAND MALTAVERNE – Jon, about #2 and “make vs. buy.” Good points and I tend to be on the “buy” side. However, here are considerations for “make” that are important (from a large and very reputable organization):
* If (competitive advantage = yes) then make
* Make can also mean speed and agility because “buy” means the need to go thru IT… (this is, again, from a large, reputable, mature, procurement org.)
* Make is the best way to experiment, learn, and build capability it is, for me, the most relevant and valuable point in this list)
The cost of “make” is also shrinking as there are many open source, readily-available building blocks available to you can use to no reinvent the wheel, code from scratch.
But, it comes with its own risks…
JWH – Bertrand Maltaverne, excellent point regarding competitive advantage, but per the following post excerpt, it comes with significant downside and poses a substantial risk to the marketplace as a whole – https://bit.ly/3A0dEy4
“Of course, when large practitioner companies build their “in-house” solution, they will unlikely want it to be scalable beyond their organization because it will be viewed as a competitive advantage.
For example, American Express‘ acquisition of Nipendo. What happened to the great work Nipendo did before the acquisition? You should look into that 😉 I know that not enough solution providers are paying attention to what happened in that case.”
Remind me to tell you about my experiences with the RBC in the early 2000s. These organizations know how to successfully implement a ProcureTech solution, but why would they share that information with anyone else?
What is a game-changer is that assembly and buy options are emerging in 2025 because Agent-based AI Operating systems like ConvergentIS and Focal Point can enable organizations of any size – including the underserved mid-market to now do what AMEX did at a fraction of the cost. Like the Model T and air travel there is finally something for the rest of us!
30
Procurement Insights
The Model-T, Air Travel And ProcureTech Solutions
Posted on December 15, 2024
0
BERTRAND MALTAVERNE – Jon, about #2 and “make vs. buy.” Good points and I tend to be on the “buy” side. However, here are considerations for “make” that are important (from a large and very reputable organization):
* If (competitive advantage = yes) then make
* Make can also mean speed and agility because “buy” means the need to go thru IT… (this is, again, from a large, reputable, mature, procurement org.)
* Make is the best way to experiment, learn, and build capability it is, for me, the most relevant and valuable point in this list)
The cost of “make” is also shrinking as there are many open source, readily-available building blocks available to you can use to no reinvent the wheel, code from scratch.
But, it comes with its own risks…
JWH – Bertrand Maltaverne, excellent point regarding competitive advantage, but per the following post excerpt, it comes with significant downside and poses a substantial risk to the marketplace as a whole – https://bit.ly/3A0dEy4
“Of course, when large practitioner companies build their “in-house” solution, they will unlikely want it to be scalable beyond their organization because it will be viewed as a competitive advantage.
For example, American Express‘ acquisition of Nipendo. What happened to the great work Nipendo did before the acquisition? You should look into that 😉 I know that not enough solution providers are paying attention to what happened in that case.”
Remind me to tell you about my experiences with the RBC in the early 2000s. These organizations know how to successfully implement a ProcureTech solution, but why would they share that information with anyone else?
What is a game-changer is that assembly and buy options are emerging in 2025 because Agent-based AI Operating systems like ConvergentIS and Focal Point can enable organizations of any size – including the underserved mid-market to now do what AMEX did at a fraction of the cost. Like the Model T and air travel there is finally something for the rest of us!
30
Share this:
Related