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Browsing All posts tagged under »dynamic flux«
Don’t sweat the small stuff? Why industry experts point to Indirect Material Spend as an important reservoir of untapped savings!
September 12, 2011
With regard to costs, the conventional wisdom is that procurement should focus principally on the “big ticket” areas of spend, such as raw materials and energy. And, you certainly should devote attention to raw materials and energy – not just to reduce costs, but also to reduce volatility through better risk management. But, if you […]
Source One: The “Thinking” Professional’s Solution (Source One LLC Profile)
September 8, 2008
A Gartner study released at its 2003 Gartner Symposium/Itxpo 2003 stated half of the year’s outsourcing projects would fail to deliver on bottom-line promises. (Information Week; March 26, 2003) “Few Outsourcing mega deals have been successful in the past 10 years – at least 50% fail in the first year and 80% don’t produce any […]
Overcoming the challenges of an ineffective RFP process: Improved collaboration through intelligence synchronization (QStrat Profile)
August 29, 2008
I have had close to 30 reader responses to my recent posts on the utilization of the RFP or e-tendering process for the acquisition of goods and services. While there have been successful demonstrations of its utilization relative to MERX (MERX: An Evolution to a Broader Market), and of course the Commonwealth of Virginia’s eVA […]
Measuring Buyer and Seller Performace (A PI Q and A)
March 26, 2008
Member Question: What methods are available to measure purchasing performance for both buyers and sellers? My Response: The challenges associated with quantifying (re measuring) performance extend beyond the mechanisms for capturing the data to include its timely application relative to ongoing real-world decision making. Specifically, is the current methodology capable of incorporating centrally established acquisition […]
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Hackett Group research article on supplier consolidation surprising . . . for all the wrong reasons by Jon Hansen
February 6, 2014
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“Consolidating suppliers within specific supply markets is a proven strategy to concentrate buying power and reduce purchase prices. The activity can be taken further, though, especially within non-production (indirect) spending areas . . . Consolidating suppliers within specific supply markets is a proven strategy to concentrate buying power and reduce purchase prices. The specific business […]