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Procurement decisions don’t fail inside procurement. They fail when real-world conditions hit them. That’s what we assess.
Is there a “missing circle” in the “Procurement Sweet Spot” graphic below?
December 12, 2023
One thought that immediately comes to mind is an excerpt from an article I wrote for the Procurement Foundry blog in Dec. 2019 titled “SORRY, CHARLIE, THERE IS SOMETHING WRONG WITH THE WORLD’S SEAFOOD SUPPLY CHAIN” – https://bit.ly/3uSY70e “According to a March 2019 National Geographic article, mislabelling is a problem with 20 percent of all fish sold in restaurants, markets, and […]
Posted in: Commentary
Random Thoughts On A Monday: Should Suppliers Pay To Do Business With You?
December 11, 2023
“Introducing supplier fees for vendors who send invoices in a world where computing on unstructured data becomes easier and cheaper will end up being the downfall for certain b2b network companies as their networks (and shareholders) will lose value as vendors opt-out large scale.” “I was always against the business model of charging suppliers in […]
Posted in: Commentary
If the sled is AI, who on this sled represents procurement?
December 10, 2023
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Posted in: Commentary
In Which Areas Do Procurement Professionals Need To Have A More “Open” Mind?
December 9, 2023
What is the best way to open our minds to new ideas? 30
Posted in: Commentary
15 Years Later, Will The Coupa Success With The Marine Science Institute (MSI) Still Work Today?
December 8, 2023
EDITOR’S NOTE: Not long after forming in 2006, Coupa’s founders, Dave Stephens and Noah Eisner, were some of the first sponsors of the Procurement Insights blog. The article you are about to read was written in 2008. There are several questions in 2023, including: Before attempting to answer the above questions, have a read of […]
Posted in: Commentary
For Practitioners Only – How Have You Used Your Data To Improve Your Procurement Outcomes?
December 7, 2023
EDITOR’S NOTE: Here is an excerpt from my response to a LinkedIn post that was championing the importance of data. Does anyone in this discussion stream believe that eating right, getting regular exercise, and at least 8 hours of sleep AREN’T good for you? I went through the list of the 100 people who reacted […]
Replace The Words “This Shirt” With “My Supply Chain”
December 7, 2023
What is the right answer, 2, 4, or 6? 30
Posted in: Commentary
In Business Since 1982, A Who’s Who Client List In The Food and Beverage Industry, and Real-Time Market Price Coverage and Analysis – Do You Know Me?
December 6, 2023
When I started writing this blog in May 2007, one of the reasons was to provide unknown companies such as Coupa, Zycus, and others with a venue through which they could connect with a wider and more direct audience. By the way, here is the very first post about Coupa titled “Moving Procurement Practice Beyond […]
Posted in: Commentary
How Did Bollinger Make The Transition To Manufacturing EV Commercial Trucks?
December 5, 2023
“The B4 & B5 were created to address problems we saw in commercial trucking & last mile transport. Built from the ground up to be the solution to those issues, tackling sustainability, fleet transition & ultimately making the change to an EV fleet as seamless & efficient as possible.” – Bollinger (November 28th, 2023) This […]
Posted in: Commentary
Procurement Insights 
What Does “Getting To We” Really Mean?
December 13, 2023
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EDITOR’S NOTE: Today’s article was inspired by a LinkedIn post by Kate Vitasek. “Value isn’t just about exchange—it’s about creation.” “Through shared goals, you work together, investing in each other’s success and creating value that elevates everyone involved.” – Kate Vitasek The above two statements should resonate far and wide with anyone and everyone, Kate […]