An excessively large supply base usually develops because of a lack of procurement spend visibility, control, or influence. Budget holders decide where and how to allocate their money, leading to fragmented and uncoordinated spend. Hence getting such situations under better management will bring a number of benefits, and an effective procurement programme, probably category management based, will be needed to address matters. And there’s no doubt that even today, most large organisations, in most categories, will find that the result of a well-planned and executed sourcing programme is fewer suppliers in that particular spend area.
Spend Matters welcomes a guest post from Vajid Idrees, at Mintec Ltd. Have you ever wondered how energy saving light bulbs shine, the permanent magnetics […]
Afternoon Coffee: Gas Rationing, Holiday Shopping, Fashion Retailing, GMO Food in National Spotlight
Holiday shopping woes... A Storm-Battered Supply Chain Threatens Holiday Shopping -- In addition to shutting down shipping terminals and submerging warehouses, the storm also tangled […]
We're excited to announce that D&B recently joined Spend Matters' sister-site MetalMiner, as a lead sponsor, and opted to maintain a presence on this site […]
Please click here for Part 1, Part 2, Part 3 and Part 4 of this series. Sometimes soft factors matter as much as hard-dollar savings […]
Spend Matters rarely has much movement in the sponsor areas. We have limited the number of sponsors at any one time since the site was […]