Search Results for: Procurement

Centralized vs. Decentralized Procurement: No Debate Necessary

Jason Busch - September 17, 2014 3:30 PM

Earlier this year, my colleague, Peter Smith, penned a very thoughtful paper exploring the age-old concept of centralization and decentralization with a modern twist and set of observations and recommendations: Centralise or Devolve Procurement? Why not Both? How Technology is Enabling New Operating Models. In the coming weeks on Spend Matters, we’ll take a look at some of the highlights and observations that Peter makes in his work, starting first today with what he aims to achieve with his effort. We’ll also include additional observations and commentary as we explore some of the elements of his analysis in detail.

more ▸
 

CPOs (and Practitioners, Plus/PRO Members): Pay Heed to Today’s Webinar!

Kyle Fitzsimmons - September 18, 2014 6:00 AM

Chief procurement officers, practitioners and Plus/PRO members are strongly encouraged to attend today's webinar, An Oracle ERP Procurement Update. This pop-up event will take place at 10 a.m. CDT and will discuss ERP procurement as it stands today, innovations within Oracle procurement and expectations for OpenWorld. Register here.

more ▸
 

CPOs, Practitioners, Plus/PRO Members Encouraged to Attend Thursday’s Webinar

Kyle Fitzsimmons - September 17, 2014 6:00 AM

Join us this Thursday, September 18 at 10 a.m. CDT for An Oracle ERP Procurement Update. Jason Busch (Founder, Managing Director, Spend Matters) will speak on all-things Oracle, including product lines, recent innovations and what to expect from OpenWorld. Register for this pop-up webinar today!

more ▸
 

Are You a CPO? Practitioner? Plus/PRO Member? Do We Have the Webinar for You!

Kyle Fitzsimmons - September 16, 2014 10:34 AM

An Oracle ERP Procurement Update will take place this Thursday, September 18 at 10 a.m. CDT. Chief procurement officers, practitioners and Plus/PRO members are encouraged to join us for this pop-up webinar that will explore the current state of ERP procurement and what to expect from Oracle’s procurement product lines. Register today!

more ▸
 

Mobile Procurement and the Modern Construction Company

Guest Contributor - September 19, 2014 2:44 PM

Spend Matters welcomes a guest post from Vroozi. In some industries, the majority of the company works outside their office most of the time. It’s the nature of the business—and a necessity to their employees—to embrace the demands of a mobile business operation. When a company operates largely on the road, they need a solution as mobile as they are. For procuring items on-the-go, modern organizations are taking advantage of mobile procurement platforms for their searchability, ease-of-use, and simplified order process. Let’s look at an example: Bill owns and manages a construction company that knows no other way but to fully immerse itself in a mobile business plan. His reputable business has been around for more than 30 years and performs hundreds of projects annually.

more ▸
 

Procurement’s P2P Pet Peeve: Bad Spend Data

Guest Contributor - September 18, 2014 2:18 PM

Spend Matters welcomes this post from Zycus. During a recent Spend Matters webinar entitled,“Forget the Amazon Metaphor - P2P Needs to Be More Like a GPS,” attendees were polled regarding their greatest challenge with Procure-to-Pay (P2P). While there were a fair number of votes for oft-cited issues such as spend compliance or user adoption, what stood out is the fact that the biggest pain point actually focused on the by-product of P2P – accurate spend visibility (or lack thereof) – the biggest challenge for more than one third of webinar attendees.

more ▸
 

Free webinar on September 30th – making a “cradle to grave” procurement contribution

Peter Smith - September 18, 2014 7:14 AM - Available @ Spend Matters UK/Europe

Procurement alignment with and connection to “the business” is obviously a critical success factor for the profession, functions and us as individuals within procurement. But it is one of those things that are easy to talk about and much harder to achieve. That is particularly the case if we set the challenge that procurement should be involved from the very first stages of the business process that the procurement is supporting, to the very end. So involvement could (and should) start from the initial new product idea, or the dawning realisation that there is a purchasing requirement, and then play […]

more ▸
 

Mobile Procurement and the Landscape Entrepreneur

Guest Contributor - September 12, 2014 3:30 PM

Spend Matters welcomes this guest post from Vroozi.  The right mobile procurement platform can help anyone succeed in growing their business, even those who doubt their capability to help themselves. Travis was one of those lost souls who finished school and had no idea what he wanted to do with his life, let alone what he planned to do next week. Travis didn’t have any desire to take a job working for someone else’s company. Yet, with his personal finances in a serious decline, he looked for a way to go after it alone. Lacking any true trade skills, Travis […]

more ▸
 

Supply Chain Insights: Robotics and Automation – Prepare For Operations, Procurement Disruption [Plus+]

Thomas Kase - September 17, 2014 10:30 AM

Tom Bonkenburg, head of European Operations for St. Onge, a privately held consultancy focused on supply chain strategy and logistics, gave us perhaps the most critical observation in his presentation at the Supply Chain Insights conference – why we haven’t seen more ASIMO-type automation – when he cleverly brought in an aspect of Moore’s Law that is relevant to automation. This “law” states that the price paid for a given level of computing power will be cut in half every two years – which in turn means that we are on the verge of attaining price-competitive robotics (versus humans) very soon. So which industry leaders are making this possible? This Spend Matters Plus research brief explores the potential for robotics- and automation-led disruption to forever change global supply chains and procurement – and why (and what) we should pay attention to today to get smart on the topic.

more ▸
 

Down the Procurement Bank (?) with Monitor’s taxis, Gentoo penguins, Supply Management and Heat

Peter Smith - September 19, 2014 7:31 AM - Available @ Spend Matters UK/Europe

We held our BravoSolution Real World Sourcing session on Wednesday at the Don restaurant, London. More on that to come next week. I intended to take a picture of a group of hard-working delegates getting stuck into the debate (and lunch) but I forgot. So here is a picture of the Bank of England, which is very close to the venue … ____________________ The Chair of Monitor, the Health regulator, spent £1,000 in two months on taxi journeys of around one mile, between their office in Waterloo and the Houses of Parliament. Addison Lee, the contracted taxi firm, were charging […]

more ▸
 

IBM procurement event this Friday – final call

Peter Smith - September 15, 2014 4:31 AM - Available @ Spend Matters UK/Europe

I’m acting as facilitator – as well as wrapping things up with a closing address – at the IBM Procurement “Networking Roadshow” event this Friday 19th November. It’s a full day, at IBM’s place on the South Bank in London. We mentioned it here, but now the speakers have been finalised and it looks like a very interesting day. We’ve got some of IBM’s own experts, including Pat Knight who is Vice President of IBM’s own global procurement team, as well as people expert in mobile technology and analytics. Then we’re going to hear about Watson, IBM’s super-computer, which as […]

more ▸
 

An Oracle ERP procurement update with Jason Busch + more Spend Matters US revelry

Sheena Smith - September 19, 2014 4:35 AM - Available @ Spend Matters UK/Europe

Did you miss out on the Enrich-sponsored webinar we did yesterday where Jason Busch crammed as much information as possible on Oracle's ERP procurement into 30 minutes? Have no fear: the recording is here. Plus: coverage from the Supply Chain Insights conference (robots!!), a highly category-specific procurement approach to softwood lumber (say that three times fast), and the results of our internal office poll on Scottish Independence (who won the Belhaven Jason promised to the closest guesser of the percentage split?)

more ▸
 

Procurement Measurement – 10 suggested metrics from Zycus (part 2)

Peter Smith - September 16, 2014 4:30 AM - Available @ Spend Matters UK/Europe

We featured yesterday the paper available for download from spend management company Zycus, written by Richard Waugh, VP of Corporate Development, called “Analyze This – top 10 metrics to strengthen organizational procurement practices”.  He draws heavily on benchmarks from the Hackett Group, Aberdeen Research and CAPS (the Centre of Advanced Purchasing Studies in Arizona). We gave three of his metrics yesterday that we like, but today let’s start a few arguments about three more, that are perhaps a little more questionable. Suppliers Accounting for 80 Percent of Total Spend “Following on the theme of focusing the right resources on the […]

more ▸
 

Cambridge Busway, millions over budget, but procurement was “appropriate for the time”

Peter Smith - September 16, 2014 12:11 AM - Available @ Spend Matters UK/Europe

The Cambridge guided busway is another in a long line of inglorious public sector procurement cock-ups. The innovative plan, to convert old railway lines into a “guided road” purely for buses was started in 2006. Construction was supposed to finish in 2009, but actually ran on until 2011 – two years late on a three-year construction project. And the cost was ultimately £147 million against the budget of £83.9 million. However, give Cambridgeshire council some credit – after legal argument, the prime contractor, BAM Nuttall, is picking up most of the bill for the cost overrun. However, it is not […]

more ▸
 

Live on Thursday! Jason Busch Gives an Oracle ERP Procurement Update

Sheena Smith - September 15, 2014 12:03 PM

You may have noticed a lot of Oracle coverage on Spend Matters PRO lately, but why read the site when you can listen to Jason Busch talk about Oracle live? Plus/PRO members and procurement practitioners are welcome to join us on Thursday, 9/18/14, from 10-10:30am Central as Jason gives a quick overview on the state of ERP procurement today, an update on Oracle's procurement product lines, areas of innovation within Oracle procurement (yes, there's some pretty cool stuff), and expectations for OpenWorld and beyond. This webinar is sponsored by Enrich. Register here!

more ▸
 

Woodbrowser: Exploring a (Highly) Category-Specific Procurement Approach to Softwood Lumber

Jason Busch - September 15, 2014 2:30 AM

With each passing year, there are fewer categories in which supply chain transparency (including visibility into total cost at different tiers) is not rising – often considerably. But the lumber industry is one in which total cost transparency is blurred through an intermediary-led brokerage model that has evolved little for over half a century. Woodbrowser is hoping to change this. With the support of one of FreeMarkets co-founders, Sam Kinney - probably one of the most authoritative experts on real-world market mechanisms and market design (and, in full disclosure, a friend and mentor) - Woodbrowser is hoping to shake up the economics of the lumber market.

more ▸
 

Procurement Measurement – 10 suggested metrics from Zycus (part 1)

Peter Smith - September 15, 2014 12:15 AM - Available @ Spend Matters UK/Europe

There’s a worthwhile paper available for download at the moment from spend management company Zycus.  It’s written by Richard Waugh, VP of Corporate Development, and is called “Analyze This – top 10 metrics to strengthen organizational procurement practices”.  He draws heavily on benchmarks from the Hackett Group, Aberdeen Research and CAPS (the Centre of Advanced Purchasing Studies in Arizona). All good sources, although as we will see, we have some inherent notes of caution around using these or any benchmarks. It’s a good topic for a paper though, given the importance of measurement and the problems that the procurement industry […]

more ▸
 

Influencing Change: Addressing Bad Procurement Behavior

Thomas Kase - September 10, 2014 10:39 AM

The bigger the organization, the more political the decision-making process is – a maxim all too familiar to most of us. Sourcing, by definition, will step on numerous toes as it navigates the shark infested organizational waters toward better total cost and value outcomes. Internal silos and fiefdoms will have to be cracked open in order to create the best results.

Along the way, as we have all seen, many worthwhile initiatives fail for the lack of adoption sword – the unimplemented savings – as the industry euphemism goes for the negotiated savings that the sourcing team created, but the business users passive-aggressively ignored. Even worse, relationships, both internal and external, take a turn for the worse as toes are crushed under a well intended, but perhaps awkwardly placed, sourcing boot. Some stakeholders run for the mattresses and start sniping you. Others approach the procurement challenge as a no-knock, no-survivors SWAT team effort, doing more harm than good; equally destructive of long-term trust with stakeholders and suppliers.

more ▸
 

Dr Ian George on Procurement Transformation – Performance

Nancy Clinton - September 10, 2014 7:23 AM - Available @ Spend Matters UK/Europe

Continuing the theme of Procurement Transformation, we’re delighted to feature the next in the series from Dr Ian George, a senior partner and practising consultant at Agile Partners. In this post he looks at performance. Eli Goldratt once said “If you measure me in an illogical manner, don’t be surprised at my behaviour.” The world is littered with the unintended consequences of performance measures designed to drive outcomes rather than assess the impact of the actual inputs and processes that create the result. Performance measurement is a problematic issue for many organisations. Not only is it extremely difficult to create measures within […]

more ▸
 

Webinar to Outline Best-in-Class Procurement Suites, this Friday!

Kyle Fitzsimmons - September 10, 2014 6:36 AM

Join us this Friday, Sept. 12 at 11 a.m. CDT for The Best-of-Breed vs. ERP Debate is Dead: So What Really Matters in Best-in-Class Procurement Suites? Register here

more ▸