Spend Matters Afternoon Coffee

Don't forget: webinar on Friday!
Quantifying Supplier Management Returns: Hard Dollar Working Capital Improvement and Beyond -- Supplier Lifecycle Management processes are often founded on data quality issues. Supplier duplication, contradictory payment terms, and incomplete supplier records prevent sourcing and procurement systems from delivering their anticipated ROI. Join speakers Jason Busch, Executive Editor of Spend Matters for an overall look at today's supplier management landscape. Richard Stack, Director of Sourcing and Procurement at Boston University, will then discuss how BU deployed a dynamic supplier information management system that pushed the responsibility for data quality back to the source--the suppliers. It also enabled working capital and operational savings of $16 million.

Oooo! Did you hear? We're trendy!
Supply Chain Management: The Next Big Thing? -- Supply chain management--the acquisition of parts and raw materials, from purchasing to delivery--is not one of the classic B-school majors, for either undergraduates or MBAs. But job openings, comfortable salaries, and the prospect for advancement have caused the academic community to take notice, with more students majoring in the subject and more programs offering courses and concentrations in it. With such companies as H.J. Heinz (HNZ) and Ann Taylor Stores (ANN) creating C-level supply chain positions in the past few years, more students are seeing career possibilities in the major.

Cut cut cut cut cut.
Obama unveils $3 trillion in debt cuts -- President Obama unveiled a plan on Monday to cut the national debt by roughly $3 trillion over the next decade. Obama's plan reflects his vision for how best to put the country on a more fiscally sustainable course, so it is different in nature than the kind of legislative compromise he was trying to broker this summer during the debt-ceiling debate, a senior administration official said.

Will You Sleep Better in a $55,000 Bed? -- Savoir Beds began in 1905 when a factory in the United Kingdom, already known for its opulent custom tailoring of clothes, began hand-crafting and stitching the box springs, mattresses, and frames out of the finest materials available, most famously tufts of hand-laid loose horse tail, believed to provide a better sleep. 30 years later the company was acquired by London's Savoy Hotel, then one of a handful of truly top tier luxury hotels on earth (and still pretty darn nice), for exclusivity purposes, so they could make the claim that only Savoy guests could sleep on the opulent mattresses.

Sheena Moore

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