Tagged Content: L2

Understand Your Use Case First – Develop Later! Yes, that Goes For You Too, Google!

- October 24, 2014 2:45 AM | Categories: Friday Rant, Technology

Don't you just hate it when applications and web-based SaaS solutions look cool, but once you start using them, you run into issues with the slick buttons (having to click once on everything to figure out what the icon means) or you just can't figure out where a certain feature is (assuming it even exists, but how can you know for sure?). "Mystery meat" is what I call these features.

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Procurement and Talent Management Processes: Don’t Wait for HR!

It might seem obvious, but if you want better talent, you need a better talent management process. Unfortunately, we find that this process is informal at best, and when it does occur, it is often tribal and siloed. In the physical supply chain, translating demand to supply and then performing supply strategy and planning (and then sourcing/execution) is second nature. But, when it comes to defining skills and knowledge requirements to talent supply sources (full-time hires, part-time, contingent labor, contractors, consultants, BPOs, etc.) and then optimizing the right talent source for the job, the process completely breaks down.

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Procurement Talent: Exploring Company and Industry Lessons and Looking Ahead

One of the battles in getting new blood into procurement is making it interesting for those around it. In higher education, some organizations have used a data/science-based approach to appeal to key research personnel and to attract talent into the function. This is an approach that has also appealed to some pharma/biotech firms (e.g., Pfizer and Novartis have had great results from applying reverse auctions to various forms of molecules). Outside of sourcing, within financial services, job security is nearly guaranteed in procurement given the endless pool of third-party risk management work, which has the potential to dovetail with compliance initiatives as well.

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Finding Procurement Talent – Putting Internal Recruiting in Full Swing

- October 21, 2014 6:28 AM | Categories: Procurement, Procurement Commentary

When it comes to searching for procurement talent, it’s not simply a question of looking for new “internal” recruits. There’s more to it than that. Yet by building the base of the talent pyramid organically and thinking through all the issues tied to compensation and strategic perception of the role, fresh eyes and fresh viewpoints can be brought in. This brings new sources of innovation, including helping to keep the procurement and SCM profession relevant and in tune with changing demographics and cultures – and of course making procurement a destination rather than a sentence or banishment.

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Free Research: Payables Datasets a Gold Mine of Savings

- October 17, 2014 8:27 AM | Categories: Learning / Research

While you may be accustomed to studying analytics from “spend” and “procurement” perspectives, we here at Spend Matters have published new, enlightening research on the savings and working capital insight that can be gained from studying payment analytics. Spend Analytics, Payment Analytics: The Gateway to Gold in Them Thar Hills by Jason Busch (managing group director, Spend Matters) is now available for free download.

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Supply Ecosystems: Co-opetition – Where Cooperation and Competition Meet

- October 16, 2014 6:16 AM | Categories: P2P, supplier networks, Supply Chain Management

We recently shared some thoughts around the premise of an article that will soon be published in the Journal of Business Logistics authored by Penn State’s Christopher Craighead, Auburn University’s David Ketchum and the University of Tennessee’s Russell Crook that argues why a new type of supply ecosystem will replace current sourcing and supply chain models. One of the arguments the authors make is that in this new model, rising levels of co-opetition will take place within supply ecosystems. Co-opetition does not just have to mean “supplier vs. supplier.”

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MBO Partners’ Gene Zaino on the Rise of the Independent Worker (Part 2)

- October 15, 2014 6:28 AM | Categories: Commentary, Perspective

Spend Matters recently interviewed Gene Zaino, president and CEO of MBO Partners, on his firm’s recent study looking at the rise of independent workers in America. In Part 1 of the interview, Gene began to share his thoughts on key takeaways from the MBO survey, surprise findings from the report and what it means for government and tax policy. Today, we continue our discussion with Gene.

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Providing Sustainable Supply Chain Guidance Upstream – Improving Both Price and CSR Impact at the Design Phase

- October 14, 2014 10:19 AM | Categories: Sourcing, Supply Chain, Supply Management, Sustainability

One of the hallmarks of direct materials sourcing in discrete manufacturing is the typical percentage of spend that is “locked in” during the design process – it can be has high as 90-95%. In other words, the design decisions that engineers make are also the “cost decisions” that procurement and the business must live with. These include factors that span materials, tolerances, processes, dimensions, durability and many other requirements.

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MBO Partners Gene Zaino on the Rise of the Independent Worker: Men, Women and Surprise Findings

- October 13, 2014 10:07 AM | Categories: Commentary, Learning / Research, Perspective

I recently had the chance to ask Gene Zaino, president and CEO of MBO Partners, to share his comments and thoughts on his firm’s 2014 State of Independence in America workforce study. In this two part-series on Spend Matters, we feature Gene’s perspective on the topic.

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The Freelance Workforce and Services Procurement: What is Your Share of $1 Trillion in Spending?

- October 10, 2014 2:31 AM | Categories: Industry News, Learning / Research

MBO Partners just released its 2014 State of Independence in America workforce study. Based on surveys and interviews with of more than 11,000 freelance workers in the past 4 years, the annual report highlights the rise of both the part-time and full-time freelance workforce. These workers earn over $1 trillion annually in North America and represent what appears to be the fastest growing segment of the overall workforce based on MBO’s survey data and other analyses we’ve seen.

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Rethinking Procurement – and Rethinking Talent (Part 1)

- October 9, 2014 10:24 AM | Categories: Procurement, Procurement Commentary

The most advanced procurement functions we research and work with are stepping beyond existing mandates and beginning to make us radically rethink the role of the procurement function and how it might look in the coming decade and beyond. In the first post in this series, Mind the Talent Gap in Procurement, we began to explore why most organizations have such a hard time aligning procurement and supply chain talent with today’s business requirements.

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Reforming and Rethinking Procurement Talent From the Beginning

- October 8, 2014 6:20 AM | Categories: Analysis, Procurement, Procurement Commentary

While more empirical evidence is needed, it is clear that what has been tried in the past is not working when it comes to procurement talent management. It is time to start over and become more scientific in how we think about talent and the complex organism that is procurement, using many of the ideas that we’ll be exploring in this series of posts on the topic.

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