Tagged Content: L1

Sourcing Event Complexity – Thinking Through Event Size Limits (Part 2)

- October 23, 2014 6:31 AM | Categories: Sourcing, Supply Chain

SONY DSC Earlier this month, I commented on Michael Lamoreux’s recent post in which he suggested that we should all “go big” when it comes to including as much coverage and complexity as possible in single sourcing events by leveraging sourcing optimization technology. His post is fabulous – but as I said earlier, Michael is channeling positive thoughts about most companies ability to even take advantage of the basics around sourcing event complexity (most aren’t even 10% of the way there to being able to push the limits of technology).

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Thinking Through Event Size Limits – Courtesy of a Sourcing Optimization Guru (Part 1)

- October 22, 2014 6:48 AM | Categories: Sourcing, Supply Chain, Technology

1368590906514fn When I worked at FreeMarkets in the early days before the advent of self-service sourcing tools, we used to think events with over 500 line items (grouped into half a dozen or so lots) were large. The items and the groups we lotted them into were generally part of the same category or families. At the time (15 years ago), we were using sourcing technology that was incredibly rudimentary compared with the power of tools that are available today that leverage the ability to conflict different bids from suppliers based on flexible submission capability. Moreover, bids can now cascade across different supply chain elements including raw material costs/requirements, transportation costs, value added steps, etc., and we can bring them together in a common event. It raises the question: How big is too big for an event?

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Supply Ecosystems: Creating Value For Shareholders and Members

- October 21, 2014 10:19 AM | Categories: Supply Chain, Supply Chain Management

14012721461s5gf The notion of collaborative “supply ecosystems” is one that puts the notion of traditional competitive supply chains on its head. For those who are curious, this paradigm is being posited by Penn State’s Christopher Craighead, Auburn University’s David Ketchum and the University of Tennessee’s Russell Crook in a forthcoming journal article in which they suggest that one of the elements that members of supply ecosystems will have to follow are balancing the “dual goals of creating value for themselves as well as other ecosystem members.”

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Supply Ecosystems: Leveraging Skills and Knowledge

file0002120440786 One element behind the concept of “supply ecosystems,” a new supply chain paradigm argued by Penn State’s Christopher Craighead, Auburn University’s David Ketchum and the University of Tennessee’s Russell Crook, is very much alive today, albeit at the early adopter stage. This point is that within supply ecosystems, “each organization’s knowledge and skills must be leveraged across the entire ecosystem.”

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Finding Procurement Talent – Finding Young Blood

- October 20, 2014 2:15 AM | Categories: Procurement, Procurement Commentary

file0002022362803 When it comes to hiring, recruiting and developing organic talent in procurement, the best apples usually come directly from the tree. But while many existing procurement staff “have the chops” to support modern procurement requirements in theory, the “barrel” of legacy staff often contains some overripe or even rotten apples. Yet is there a middle ground between looking externally and finding the perfect “Honey Crisp” varietal internally?

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Ebola – The Deadly Butterfly Fluttering Through The Supply Chain

butterfly Unfortunately, as we all know, Ebola has rapidly gone from being an obscure illness to becoming the headline of the day. At Spend Matters we have followed this as well. While not ignoring the suffering of those afflicted, we wonder how this is changing supply chains around the world. So let’s take a renewed look based on what has happened lately. Currently primarily Liberia, Sierra Leone, Guinea, and secondarily, Senegal and Nigeria are affected – but the supply chain effects go further, far further.

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IACCM’s 2014 Conference: Contract/Commercial Management Person? YOU ARE IMPORTANT! (Part 2)

- October 16, 2014 1:25 PM | Categories: Conferences, Contract Management

you are imporatnt image In my last post covering IACCM’s Americas Conference, I covered some risk management strategies that contract/commercial people can take before leaving you with a thrilling cliffhanger on how both personal and department branding can be the key to internal and external success. There was an overall encouraging undertone throughout the day of “You are important. Your job is important. Contracting is important. Don’t let anyone tell you otherwise.” So let’s dive into some feel-good personal stuff, shall we?

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Supply Ecosystems: The Next Big Thing?

- October 15, 2014 10:24 AM | Categories: P2P, supplier networks, Suppliers, Supply Chain

13663925237kcpz-leaf Thanks to the rise of purchase-to-pay (P2P) software, we hear quite often about “supplier networks” and “business networks” as the next big thing that will link buyers with vendors. But what about the concept of a “supply ecosystem” that goes further? This is the premise in a forthcoming Journal of Business Logistics article authored by Penn State’s Christopher Craighead, Auburn University’s David Ketchum and the University of Tennessee’s Russell Crook. Based on the author’s definition, these new supply ecosystems appear to more closely resemble giant industrial conglomerates or trading firms, but without necessarily having corporate parent/child ties between members (think Toyota, Mitsubishi, Samsung and to a lesser degree Siemens and GE).

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The Cloud Hype: What Makes Sense For Businesses?

- October 14, 2014 2:49 AM | Categories: Analytics, Cloud, Technology

1388625479i9qd5 Part 1 of this series looked at various permutations of cloud and SaaS solutions – with a statement Larry Ellison has made at several Oracle Open World events, as well as thoughts from Spend Matters Thomas Kase and Pierre Mitchell. With those thoughts, I turned to Steve Brooke, a serial SaaS, ahem, cloud CTO – notably at Procuri (now Ariba) and later CombineNet (now SciQuest) in the procurement solution space. Read on to hear Steve's thoughts and comments about the cloud hype in the context of what actually makes sense to businesses from an operational point of view.

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Who is the Cloud(iest) or SaaS(iest)? Is This Even Important When Selecting Solutions?

- October 13, 2014 6:29 AM | Categories: Analysis, Cloud

1352897504yg3vl-1 In Part 1 of this three-part series, Thomas Kase, vice president of research for Spend Matters, talks about "what is cloud" - what it means and how to "cut through the hype." What tools in cloud solutions are necessary and actually make a difference? Stay tuned for Part 2 and Part 3, as well.

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Best Of Spend Matters Network – Week of Oct. 6

- October 10, 2014 10:25 AM | Categories: Best Of

file9411346624378-1 Happy Friday! And welcome to this week's Best Of Roundup – giving you the most popular and noteworthy articles published on the Spend Matters Network throughout the week. Enjoy!

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It’s Time to Pull Procurement Research Out of the Gutter

- October 10, 2014 6:34 AM | Categories: Friday Rant, Procurement Commentary, Procurement Research

1382985400p16fs For most things in life, there’s the good, the bad and the ugly. So be it with procurement research. I’ve been doing procurement research for a long time, and have seen some really good stuff from all sorts of firms. However, I’ve noticed lately a marked increase in quantity of research surveys and an unfortunate commensurate drop in quality. “So what?” you say. “What’s the problem here?” The problem is that practitioners are surveyed to DEATH by one other (e.g., advanced firms getting hit up by others) and by third-party firms from numerous provider sectors. And when the research is sketchy, it drags everyone down.

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