Strategic Sourcing, Helping Curb Functional Business Blindness

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The simple dictionary explanation for functional blindness is the loss of vision related to conversion hysteria. Although the part of the definition can only speak to the loss of vision in comparison to management not following one, that part is consistent. I have heard at times through the years working within corporations, leaders bring up [...]


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Processes for Good: What the Federal Contracting Scams Teach Us about Procurement

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Federal and state government entities have recently witnessed a number of cases of procurement-related fraud. Whether it is senior procurement officials at the Veteran Affairs (VA) steering contracts toward a reverse auction vendor or lower level executives caught up in the navy ship supply procurement scandal — things have been a bit murky.   From [...]


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Knowledge Management in Procurement Organizations

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The Christmas and New Year holidays couldn’t have come at a better time for me – reason being the hectic Christmas shopping we had to do right before the annual shutdown. Getting into December, we realized that there was quite some money that needed to be spent before the end of the year and very [...]


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3 Ways 3D Printing Will Revolutionize The Modern Supply Chain (And 1 Important Way it won’t)

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The long heralded commercial arrival of 3D printing (3DP) is upon us, and a number of industry surveys indicate the impact of this emerging technology is anticipated to grow significantly over the next 10 years. For those unfamiliar with the technology, 3DP, or additive manufacturing, is a process by which a 3-dimensional object can be [...]


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How To Make Your Outsourcing Team Work For You – Part II

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In the previous post in this series, we presented why and how a company can evaluate if procurement outsourcing will help them. In this part, let’s look at some ideas on how to measure and generate return on investment (ROI) on a procurement outsourcing deal. While calculating ROI seems like simple math, quantifying the returns [...]


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How To Make Your Outsourcing Team Work For You: Part I

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Procurement outsourcing is picking up pace. Everest Group recently reported that spend under management will stand at between $270bn to $275bn in 2014, an increase of 7% from 2013. Most companies evaluating procurement outsourcing focus on selecting the right partner. They look to partner with a business that fits in with their culture, meets the [...]


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Procurement Outsourcing: A Field Guide

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Enterprise procurement organizations worldwide are stretching to fulfill rising expectations, increased responsibilities and higher savings targets, often without meaningful increases in people or resources. Procurement outsourcing can not only help meet these objectives, but also bring about transformative changes — if done right. In a new, informative report by Procurement Leaders & GEP — Procurement Outsourcing: [...]


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The Importance of Due Diligence

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Emerging demands on leveraging cost-effective and efficient business solutions is not a new one. Sourcing and procurement groups have developed many successful sourcing strategies to identify cost savings, however, when it comes to realizing them, their strategies sometimes fall short. Effective use of technology to track savings compliance and realization, combined with process re-engineering where [...]


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Finding Procurement’s Place in the Organizational Hierarchy

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The reporting hierarchy of a procurement department has the potential to substantially impact how the organization is staffed, financed and perceived. There is a surprising lack of consensus as it relates to the reporting channels even amongst Fortune 500 organizations in similar industries. Procurement’s reach extends across the lines of finance and operations, thus creating [...]


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Develop Those Collaborative Project Management Skills

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According to PMI’s 2014 Pulse of Profession report, “Organizations today face a chasm between what they should be doing — aligning projects to their strategy — and what they are able to accomplish. As a result, 44% of strategic initiatives are unsuccessful.” With this recent statistic in mind, avoiding the probability of failure is greater [...]


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