“They all believe they are sourcing strategically; therefore, management does not see the need to provide the proper people, technology, time, and training to effectively manage spend and look for cos...
Recent News
Book Review: Managing Indirect Spend: Enhancing Profitability through Strategic Sourcing (2nd Ed.)
“Bad best practice is a terrible thing, because it blocks real best practice from being put in place. And it’s a remarkably common phenomenon. Many times, companies truly believe they have done all th...
“Simply put, business happens. Things change, including the underlying deal covered by the contract.” - Contracting in the New Economy, p. 46 I’ve read most of the Vested books, so I came...
“The traditional procurement environment dies hard. My advice is to change everything. Job title, roles, nomenclature, even work area change helps. If you are dedicated to cross functional teams a tru...
“Technology is the easy part. It is always the people who apply the tools who make a difference.” - Jacob Gorm Larsen, A Practical Guide to E-Auctions for Procurement, p. 7 When Jacob Gor...
“In many cities of the country there’s a fear of the streets especially if there’s disorder and things are in disarray. In many organizations there is a fear of management. No small part of this is du...
“We are rarely totally engaged or present. We are digitally distracted. And, as I said earlier, on an ongoing basis we have tuned out what’s happening around us.” - Julienne B. Ryan, p. 22 ...
“The funny thing about truth is you cannot change it. When something is true, it is true.” - Dan Andrew, p. 20 First Trust: Your Guide from Rags to Riches for an Abundant Life and Career by Dani...
“No industry or country is immune from bad buying; it exists in every nation in the world, and in almost every organization.” - Peter Smith, p. xi Bad Buying: How organisations waste billions through ...
“Naturally, Industry 4.0 requires a new procurement. The factors driving the change are the hyper-competition, globalization, supply chain risks, resource scarcity and many more. But the most importan...
