ISM Content

‘30 Under 30’ Winner Leandra Taylor’s Aim for Efficiency Helps her Excel in Supply Chain Field

Leandra Taylor Shell

Leandra Taylor, contracts manager for Shell Exploration and Production Company, was named as one of this year’s 30 Under 30 Rising Supply Chain Stars Recognition Program, a program created by the Institute of Supply Management and ThomasNet that calls attention to young, standout professionals in the supply chain management and procurement fields. At 26 years old, Taylor holds a bachelor degree in business administration in supply chain management from the University of Houston, Bauer School of Business, as well as a CPSM certification from ISM. We asked Taylor about her experience in supply chain management, what advice she would give other millennials in the field and how she sees the industry progressing in the future.

Anne Rung’s Advice for Public and Private Procurement at GPTS

White House

There are only six days left before the ISM and Spend Matters Global Procurement Tech Summit. As we approach the kick-off to the event, I’ll share six different perspectives on speakers and areas attendees should be paying close attention to. Up first is one of our keynotes speakers, Anne Rung, who is leading a session titled “From the War Room: Technology Hits and Misses From the Federal Government.”

Contingent Workforce Practitioners and VMS and MSP Professionals: Should You Be Cool To Other Procurement Technology?

services procurement technology

Most of the steady rise of investment into procurement and supply chain technology has been in software outside of contingent workforce and services procurement. But while the technology temperature has been rising rapidly in goods and material (direct and indirect) procurement, it is also beginning to inch up, perhaps imperceptibly to many practitioners, in labor and services procurement, as well. And that rise may be accelerating, as new entrants, especially digital platform providers, potentially leapfrog some of the incumbent technology players.

#ProcureTech2016 – The Tech Disruptors

Global Procurement Technology SummitState-of-the-art technology is one thing, but truly disruptive technology is a different beast altogether. This kind of technology not only provides or embraces new technology, it shatters convention in doing so. This track at the Global Procurement Tech Summit in Baltimore March 14–16 will share examples of true tech disruption in procurement and the supply chain. It will focus on how organizations are radically rethinking and overhauling traditional operating models, as well as a suite of solutions that will be commonplace by 2025 and are even being deployed now.

The Best 2 Things IT Does for Procurement — And the 2 Worst

IT

In my last post, I shared some provisional results from a research study that ISM and Spend Matters is currently conducting. So, what did we find out? Well, the results are still provisional, but the top-two areas where procurement practitioners said “agree” or “strongly agree” to the following positive statements are shown within. Unfortunately, a minority of procurement groups cited even the highest two scoring areas.

#ProcureTech2016 – The Big C’s of Procurement: Clouds, Cost, Control and Contract Management Tack

Global Procurement Technology SummitThe cloud is omnipresent and everything is becoming a productized service. There is just so much new ground to cover in e-procurement, e-invoicing, P2P, B2B enablement, services procurement and contract and cash management that we have devoted an entire track to them at the upcoming Global Procurement Tech Summit in Baltimore March 14-16.

Research Results: Improving the Alignment of Procurement and IT

IBM

In part 1 of this series, I discussed the rationale for the Procurement-IT research study that I’m running in conjunction with the Institute for Supply Management, in preparation for the upcoming Global Procurement Tech Summit in Baltimore March 14–16. For most readers of this blog, I don’t need to explain the importance of having Procurement and IT being aligned, but if you agree that outsourcing and digitization (especially in the cloud) will continue as major trends, it’s a foregone conclusion. But, let’s see what procurement practitioners have to say, based on the first 150 validated responses in our data set, which is over 200 and growing.

#ProcureTech2016 – The Heavy Lifting: Direct Material Procurement and Risk Track

Global Procurement Technology SummitComplexity inherently breeds risk, but it also breeds opportunity. In the supply chain, complexity and volatility can be overwhelming while trying to cut costs, support revenue growth and mitigate risk. And when your direct procurement technology stack is overly complicated and underfunded, overwhelming is an understatement. Emerging procurement transformation approaches and specialized solutions will take center stage in Baltimore, March 14–16 at the Global Procurement Tech Summit from ISM and Spend Matters.

10 Tips to Get the Most From Procurement and Supply Chain Conferences (Part 2)

Global Procurement Tech Summit

The Spend Matters team is thrilled to be partnering with ISM to put together the Global Procurement Tech Summit, which we’re holding in Baltimore March 14–16. While we’ve done some small-scale events before on commodities, regulations and related topics, this is our first true Spend Matters conference. But we’re no strangers to procurement events. In fact, the Spend Matters team has collectively attended more than 500 conferences over our careers. So, to help folks heading out to spring conferences, we pulled together a list of our top 10 recommendations to get the most from events.

10 Tips to Get the Most From Procurement and Supply Chain Conferences (Part 1)

Global Procurement Tech Summit

With just under a month to go before the Spend Matters and ISM Global Procurement Tech Summit taking place in Baltimore March 14–16, I thought I’d share a few tips on how to get the most out of procurement conferences, having gone to more than 100 of them in my career. (Hard to believe, but true.) Here are 10 quick tips, starting with five today.

Put Strategy, Architecture and Knowledge First Before Evaluation and Selection in Procurement Technology Decisions

e-procurement market growth forecast

All too often when it comes to technology, procurement organizations — and those firms that advise them — get overly wrapped up in functional selection and deployment compared with the bigger picture. As an example, let’s say an organization identifies a need for an e-procurement tool (or thinks it does). Procurement then jumps to internal requirements definitions, vendor shortlists, evaluation and selection — and eventually configuration, integration and deployment. But there are up-front and interim steps that shouldn’t be missed, including the need to develop an overall procurement technology, analytics, integration and supplier network architecture that goes beyond e-procurement tools alone. Curious? We’ll be diving in head first and exploring bigger picture tech items (and yes, some modular areas too) at the ISM / Spend Matters Global Procurement Tech Summit taking place in Baltimore on March 14-16.

#ProcureTech2016 — The Innovators: Analytics and (Artificial) Intelligence Track Breakdown

So you have to make a decision. They say that indecision can be worse than wrong decision, but the fact remains you'll need the right team in place to deploy your spend and the right technology to enhance it. All of these moving parts point to one word: intelligence. Arguably the most important aspect of procurement, intelligence and advanced analytics are needed for better supply intelligence to boost savings and innovation while reducing risk. Smart tools are in play, as well, in delivering higher return for stakeholders. Data innovation will take center stage in Baltimore, March 14–16 at the Global Procurement Tech Summit from ISM and Spend Matters.