Earlier this month, we heard how Trinity Industries, the maker of many of the guardrails installed along America’s highways, will be fined hundreds of millions of dollars for making and installing defective guardrails without the federal government’s knowledge. How did this happen? How is it that so many of these supposed safety devices were modified and manufactured without meeting federal standards and then installed on the sides of so many roadways across the country? And, what is the price to the public for these dangerous devices?
As a procurement practitioner, when you start looking at the portfolio of solutions you have available today, some patterns will likely emerge. First, you’ll have a range of tools in your arsenal. There will be a few painfully obsolete tools that are creaking along (used only by select specialists still able to maneuver them). There will be specific procurement tools (analytics, sourcing, etc.) not used by many. There there will be several mainstream ERP solutions that are used nearly daily by all, and so on. In one of the most important Spend Matters' PRO research briefs published this fall, Thomas Kase, vice president of research, looks at how we have reached the current state of procurement technology and the impact of this technology on people, processes, habits, culture and time.