FMC Technologies’ spend analysis and SPM process is mature and fast enough that procurement leadership has promised business users that they will have access to updated reports within five days of their monthly closes (the frequency of refreshes is monthly). Yet FMC Technologies is exceeding its internal service level agreements in this area. At the moment, the process has become so streamlined that users get their data three days ahead of schedule – on “Day 2” after close!
Even though we’re woefully under-qualified to write about apps and platforms compared to some truly geeky technologists we know, it’s important for general Spend Matters readers (on the procurement and supply sides) to understand the massive scale of how the application and network market is going to be transformed in the coming decade.
We all know the flip side of opportunity. Complexity is also a driver of risk. More “moving parts” imply a higher probability of things breaking down. This makes modeling and reducing/managing complexity a key competency to staying lean and aligned across the value chain.
Recently, news surfaced that Apple is planning to award more business to a relatively unknown company called Pegatron. Though the jury is still out on the success of such a move, it nevertheless provides some pointers on the procurement’s alignment with overall organizational goals. GEP takes a look at the potential benefits of Apple's decision, from risk diversification to margins sustenance.
We’re concluding this present whirl of webinar gaiety with one that takes a new look at a classic topic: the future of supplier management. Attendees can expect to find out why supplier management is becoming more central to procurement thinking, how a supplier focus can help procurement people position themselves better within their organizations, what are the best practice principles in supplier management that organizations can implement, and more.
Supplier networks can be a very effective solution for companies looking to ease the burden of SRM and make relationships with their suppliers more successful. Verian presents six ways that supplier networks can be used in order to streamline supplier management.
Spend Matters welcomes a guest post from Alan Buxton, COO of MarketMaker4. I see a lot of RFIs. And I have to admit that it […]
It’s not often that we get to have Peter Smith of Spend Matters UK joining us on a webinar, so we’re putting the word out […]
We’ve already featured two articles that leverage findings from KPMG’s 2013 Global Manufacturing Outlook (see titles/links at the end of this post). Today, we feature […]
Purchasing Insight’s Pete Loughlin recently published a supplier network fee modeler. We covered its launch last week on Spend Matters. Supplier network fees are an […]
It’s the time of year at Spend Matters where if we’re not furiously writing or attending or speaking at any number of procurement events, we’re […]
Earlier this week, my colleague Pierre Mitchell presented to a group of suppliers within the Corporate United Group Purchasing Umbrella. The topic of his presentation […]