Tagged Content: L1

Indirect Spend Challenge No. 2: Technology is Not Optimized for the Actual Customer

tumblr_n3iu6mHZXC1sfie3io1_1280 Earlier in the week, I wrote an article on the notion that procurement doesn’t manage indirect spend – our suppliers and stakeholders do. This is really the first major challenge we face in bringing chaos to indirect spend today (outside of perhaps our largest categories). The second major indirect spend challenge we see is that technology is often optimized for procurement (the buyer) rather than the actual consumer or the end user in the business.

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Procurement Doesn’t Manage Indirect Spend – Suppliers and Stakeholders Do

- March 3, 2015 9:01 AM | Categories: Procurement, Services and Indirect Spend, Spend Management

dollar wallpaper One of the toughest challenges for procurement organizations tasked with managing indirect spend is that they don’t do it – their suppliers and stakeholders do. Consider the sometimes limited visibility procurement has into demand, pricing, contracts and related areas for indirect spend, especially those that are managed and/or negotiated at a decentralized level in the business. In addition, procurement often lacks the same level of understanding of the physical and financial supply chain flow for indirect material that they do for direct.

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What Procurement Needs for the Circular Economy

calendar-checklist-list-3243-830x550 I’ve been giving quite a bit of thought recently to the impact of the circular economy on procurement. I also recently traded ideas with Tradeshift’s Christian Lanng on a Spend Matters webinar. Christian shared his take on the topic recently on Procurement Leaders blog, as well, which included a number of steps organizations must make from a procurement and A/P perspective as they march down the circular economy path. I’ll share a few of these below as well as my own commentary on them.

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The Circular Economy – Sustainability Is One Element at the Core

- February 27, 2015 6:17 AM | Categories: Learning / Research, Sustainability

UJVJGGIY24 Last week, I debated Tradeshift’s Christian Lanng in a live Spend Matters webinar as we jointly explored the topic of the circular economy. In our discussion, we spoke at length both about what the circular economy is as well as what it will mean for procurement organizations of the future. One key element of the circular economy is encouraging sustainability and corporate social responsibility (CSR) through having companies take greater ownership of the end-to-end product lifecycle.

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Universal Supply Chain Misconceptions or “Global Sourcing Lies”

- February 26, 2015 10:05 AM | Categories: Analysis, Sourcing, Supply Chain

EUSUZ15G11 In a recent Sourcing Journal Online article, Sourcing is Hard, Mike Todaro, managing director of the Americas Apparel Producers' Network, quotes Barbara Zeins, an industry expert that published a short list of “9 Big FAT Garment Lies,” which we might as well call “Global Sourcing Lies,” more generally. Her list of supply chain lies is nearly universal to all industries.

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Lessons From The School of Hard Retail Sourcing Knocks

- February 25, 2015 10:04 AM | Categories: Analysis, Sourcing

Young-man-climbing-with-wide-valley--063014E16586FB29 Sourcing Journal Online recently published a column by Mike Todaro, managing director of the American Apparel Producer’s Network, simply titled Sourcing is Hard. The piece is ingenious and captures, in roughly 1,000 words, why the intersection of sourcing and supply chain are difficult for so many industries beyond just retail (while using apparel examples to illustrate its points). If you read one thing this month, check out this op-ed.

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How Quickly Does Supplier Information Go Stale – A Litmus Test

- February 24, 2015 10:09 AM | Categories: Supplier Management, Supplier Performance

C2799653AA When it comes to supplier information, arguably the most important factor to take into consideration is not just what to collect, but how long it will be of use in the initial format in which one gathers it. Indeed, perhaps as important as what to collect is the realization of how quickly data goes stale. Initial enablement is important, of course, but data needs to be refreshed over time to stay current. Facilities close. Employees leave. Banks change. Insurance policies lapse.

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Why Collect Supplier Information?

- February 23, 2015 10:05 AM | Categories: Accounts Payable, Invoicing, P2P, Suppliers, Trade Financing

Networking-102013329E0194F8 copy Beyond core P2P enablement and related areas, companies focus on supplier enablement for a variety of reasons. For one, such programs are increasingly driven by regulatory compliance or related sets of laws or industry constructs and expectations. Read on to see why, on an overall basis, the majority of supplier enablement programs center on the sourcing and management of supplier information.

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Spend Matters Talks to “30 Under 30” Megastar

- February 20, 2015 6:39 AM | Categories: Industry News, Procurement, Supply Chain

two spotlights Late last month, ThomasNet and Institute for Supply Management (ISM) announced the winners of the first “30 Under 30 Rising Supply Chain Stars” recognition program. They partnered up last year to begin taking nominations for exceptional supply chain professionals in the millennial age group. Today, we share a Q&A with the program’s “megastar” winner: Katy Conrad Maynor, Category Manager, Finished Lubricants/B2B with Shell Oil.

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SNCF Sees Savings With Sievo: A Procurement Case Study

- February 19, 2015 6:21 AM | Categories: Analysis, Procurement, Savings Tracking, Technology, Vendor Snapshots

calculating-calculation-calculator-3305 A Spend Matters UK case study looks at how SNCF implemented the Sievo software that helps organizations track, measure and manage savings and the benefits the company has seen since. If you are interested in procurement savings, the case study is well worth 10 minutes of your time.

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Spend Matters Talks to a Supply Chain Superstar

- February 18, 2015 6:39 AM | Categories: Industry News, Procurement, Supply Chain

two spotlights Late last month, ThomasNet and the Institute for Supply Management announced the winners of the first “30 Under 30 Rising Supply Chain Stars” recognition program. The 2 companies partnered up last year to begin taking nominations for exceptional supply chain professionals in the millennial age group. Spend Matters had a chance to talk to some of the 30 winners chosen. Today, we share a Q&A with one of them: Nicholas Ammaturo, 30, from the retail business group Hudson’s Bay Company in New York City.

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Deploying SAP and Coupa at the Same Time: A P2P Case Approach (Implementing Without Consultants)

- February 17, 2015 9:47 AM | Categories: Analysis, P2P, SAP

alley-ball-bowl-4192 copy Implementing P2P and ERP systems at the same time is a recipe for uncertainty. Or so it used to be. But one organization Spend Matters recently interviewed decided to go live with both a new SAP and Coupa environment at the same time. Granted, the e-procurement rollout did not happen overnight – nor did the selection process. It took the company 6 months to go from evaluation to deciding on implementing Coupa. Ambitiously, it launched with SAP and Coupa at the same time

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