Even in just providing basic infrastructure plumbing, supplier networks can provide significant value in areas like supplier enablement, catalog management and electronic invoicing. Moreover, networks can help organizations save time and money not only through avoiding manual steps and touch points (e.g., when on-boarding new suppliers as part of an AP/procurement eProcurement and payment initiative) but by leveraging a many-to-many approach in which suppliers only need to update basic information such as banking details, contact information, etc. in a single place (i.e., the network) which is then broadcast to all participating customers using it on the buy-side.
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A few weeks back, I sat in on a fascinating (and downright scary) presentation at ProcureCon by MacDonnell Ulsch (Don), President & Chief Risk Analyst, ZeroPoint Risk Research, LLC. Don is one of the world's top experts on intellectual property and cyber security. In the spirit of hopefully encouraging Spend Matters readers to pay more attention to the supply risk and intellectual property (IP) theft we face through weaknesses in our IT and supply chain systems, I'll share some of my notes from his discussion. Don began by talking through his research and practice around the suprising range of sources […]
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 through their procurement practices today. Let us begin by examining the question: How to transition business to new suppliers? This is one […]
Last week, I quickly pieced together a Friday Rant which was somewhat critical – from a strategic standpoint solution standpoint – of the announced merger of JDA and RedPrairie. This of course says nothing for the financial synergies of a roll-up play where, at the right valuation, 1+1 can still equal three. Still, looking at products, it's hard to discount that JDA and RedPrairie could potentially become the one vendor to bridge the visibility, inventory and scheduling gap at all levels of the supply chain in CPG, retail, warehousing and distribution (if they get things right). But it won't be […]