Daily Archives: November 12, 2012

Monitor Group Goes Bankrupt: Why Services Procurement and Risk Management Best Practices Matter

Jason Busch - November 12, 2012 4:03 PM | Categories: Complex Categories, Services and Indirect

Did you know Michael Porter had an unpublished sixth force – bankruptcy? While we say this in jest, the recently announced bankruptcy of the consultancy that he founded, Monitor Group, is no laughing matter. At the time of the filing, Monitor had approximately 1,500 employees, making it smaller than some of its peers in the top-tier strategy consultancy league (including Bain, BCG and McKinsey), but still a highly influential firm on the global management consulting stage due to the senior relationships that it had.

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Gelatin: Rising Prices; Growing Asian/South American Demand

Guest-Post - November 12, 2012 12:11 PM | Categories: Industry News

Spend Matters welcomes a guest post from James Hutchings, at Mintec Ltd. Gelatin, when mixed with water, provides texture and thickens as it forms a gel around five-to-ten times its original weight. It’s mostly produced as a by-product from the meat and leather industries, as it is derived from collagen, a protein manufactured from pig skins, cattle hide and bones. A small proportion is also obtained from the skin of deep water fish such as cod, haddock and pollock; this is partly for religious reasons. Annual production is currently slightly more than 0.33m tonnes and is projected to grow at […]

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Afternoon Coffee: Monitor Group’s Bankruptcy, US Oil, Pilot Shortages, Con Edison and NYC

Sheena Smith - November 12, 2012 10:11 AM | Categories: Afternoon Coffee, Sheena Moore

“too elite to fail…” Monitor Group Goes Bankrupt: Why Services Procurement and Risk Management Best Practices Matter — Did you know Michael Porter had an unpublished sixth force – bankruptcy? While we say this in jest, the recently announced bankruptcy of the consultancy that he founded, Monitor Group, is no laughing matter. At the time of the filing, Monitor had approximately 1,500 employees, making it smaller than some of its peers in the top-tier strategy consultancy league (including Bain, BCG and McKinsey), but still a highly influential firm on the global management consulting stage due to the senior relationships that […]

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Advanced Supplier Management: The Open Vendor Registration and Portal Funnel

Jason Busch - November 12, 2012 7:11 AM | Categories: Jason Busch, Suppliers

This post is based on material contained in the following Spend Matters Compass Series brief: Beyond One-Off Initiatives and a Virtual Vendor Master – Advanced Use Cases for Supplier Management. Organizations starting on the supplier information management (SIM) basics still have much to gain from understanding how more advanced use cases can deliver a level of value that builds incrementally on more foundational deployment approaches and models. We can best describe the vendor registration funnel as characterized by constructive chaos, where supplier records reside in various degrees of completion. Typical features include: Staging by degree of completion: suppliers are automatically […]

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Procurement Savings in Manufacturing: Tracing Root Cause Bottleneck Issues

Jason Busch - November 12, 2012 4:11 AM | Categories: Jason Busch, Sourcing

Please click here for Part 1: Transition Suppliers, Part 2: Culling Top Performers and Part 3: The Operational Perspective of this series. This series of posts is based on content, ideas and recommendations from the following Spend Matters Perspective: Making Sourcing Savings Stick: New (and Not-so-New) Strategies to Drive Savings Implementation. In fact, some of this paper’s content was first published 10 years ago by Jason Busch, David Jungling, and Jay Odell, who were with FreeMarkets (at the time). While adapted for today’s manufacturing environment, the ideas represent a timeless look at a topic that few companies are fully addressing […]

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Supplier Networks Beyond the Transaction: A Radical Revolution (Part 2)

Guest-Post - November 12, 2012 12:11 AM | Categories: Innovation, P2P

Today, we continue with Jay Merenda’s list of what’s available today and the possibilities for the future in the next generation of business networks. Please click here for Part 1 in this series. Ability to collaborate online with your business partners across a range of business processes securely and efficiently. A current example is contract authoring and eSignatures, but the possibilities go far beyond. Provide visibility to the health of existing business relationships. Sharing of supplier performance and customer satisfaction metrics. Should you renew a contract with a supplier? Will the customer renew a contract? Where can we collaborate to […]

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