Flow: How the Best Supply Chains Thrive

“Business leaders have only so many days in a year, and every action has a clock attached to it.”  - Flow, p. 30   The central premise of Flow by Dr. Robert Handfield and Tom Linton is that ...

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Book Review: Profit from the Source: Transforming Your Business by Putting Suppliers at the Core

“When the CPO and procurement team participate in every critical stage of a product’s evolution – from concept development and the award of supplier contracts to the start of production and through th...

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Improving the Buyer Experience While Ensuring Compliance

Procurement teams continue to evolve, especially as the executive leadership team looks to them for value and competitive advantage in addition to cost savings. Although the procurement value proposit...

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Addressing One-Off Buyer Behavior Through Automation

One of the reasons procurement has always been a process-driven function is because we are tasked with managing buyer behaviors as much as we are addressing and analyzing spend. Spend is trackable, re...

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How to Deliver Savings and Drive Business Value, Even When Spending Less

When it comes to negotiating savings, leveraging volume to take advantage of supplier efficiencies and economies of scale to drive down prices based on forecasted demand has always been procurement’s ...

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Why Even Medium-Sized Companies Need P2P Software to Ensure Operational Efficiency

When SMBs launch, they tend to have informal procurement processes. This informality might work with four to five employees and a handful of customers, but it simply isn’t practical for a growing busi...

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Why is data management hard for procurement? The challenge of data combination

What is procurement data? Procurement data includes vendor data, master data, contract data, bills of material, performance data, sustainability score cards, transaction data, purchase order details, ...

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Gratitude for Another Year: Thanksgiving 2021

In my opinion, realizing you enjoy Thanksgiving more than Christmas is one of the first real signs you’ve reached adulthood. Thanksgiving has all of the food, family, and tradition without the stress ...

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Honoring the eleventh hour of the eleventh day of the eleventh month

On November 11th 1919, the United States recognized the first anniversary of the end of World War I - Armistice Day. By 1938, the day had become a national holiday. In 1954, President Dwight D. Eisenh...

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Book Review: Managing Indirect Spend: Enhancing Profitability through Strategic Sourcing (2nd Ed.)

“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...

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Book Review: Profit from Procurement: Add 30% to Your Bottom Line by Breaking Down Silos

“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...

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How to Drive Spend Visibility and Control in Tail Spend

Procurement organizations employ spend analytics as one of their major tools for proactively identifying savings possibilities, managing risks, and maximizing their purchasing power. Spend analys...

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A Declaration of Supply Chain Independence

Note: This article was originally post on All Things Supply Chain Every year on July 4th, the United States stops to remember and celebrate the 1776 signing of the Declaration of Independence by Congr...

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Startups, Procurement and Product Design, a Lesson for Competitors

Author: Ravindran Damodaran Editor’s note: This article is part of the MyPurchasingCenter content archive. It was originally published in 2016 and appears here without revision. Not long ago the corpo...

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Sourcing Finished Goods with Single Source Raw Materials

Author: Tinamarie Rintye, Former Project Analyst at Source One Management Services, a Corcentric Company, now the Manager of Distribution and E-commerce at Esteé Lauder Editor’s note: This a...

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This Week in Business History for March 8th: Ford Mustangs, Coke in Bottles, & the Burst of the Dot Com Bubble

“Although the world has changed a lot since 1964, the Ford Mustang has been offered every single year. In 2018, Ford crossed the 10 Million Mustang mark. The pony car is truly a design, engineering, m...

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This Week in Business History for February 8th: Introducing the Word "Robot"

“I don’t think we’re likely to see an adaptation of R.U.R. on the Hallmark Channel anytime soon, but it provides us with a valid reminder that we need to be aware of the implications of embracing tech...

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Reflecting on 25 Years of Procurement Innovation

This content was made possible through a collaboration with JAGGAER Procurement is accustomed to thriving in the midst of constant change: always maturing, evolving, and pushing towards the next bigge...

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Book Review: Bad Buying

“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 ...

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What drives the difference in direct spend management?

This content was made possible through a collaboration with SAP Procurement “Direct and indirect spend management are not the same thing, nor should they be treated as such. Anyone who ...

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