Archive for February, 2015

Claritum Spend Management for Marketing Procurement

Claritum is a spend management system for complex categories targeting the Marketing Procurement sector.   They offer sourcing, procurement and invoicing of specification-based products and services. Specifically with print, point-of-sale (POS), stationery, packaging and related services. Since 2002, the British-American company has grown its customer base to 150,000 users in 35 countries around the world with a supplier base of over  3,000…

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Why 2015 Could Be The Year for Marketing and Procurement Team-Ups

Our guest contributor today is Brian Seipel, a marketing project analyst for Source One. Back in 2013, blogger and lead analyst for Spend Matters, Thomas Kase, asked the question “Is Procurement Cool Enough to Touch Hot Marketing Spend?” Kase took a cautiously optimistic view on the question, noting that marketing spend was ripe for the picking. This, of course, depends on procurement…

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Procurement Performance vs. Company Performance

I hope that you have enjoyed the article, “Putting Procurement Performance Into Context.” When it comes to procurement performance metrics, procurement professionals often over-complicate things.  If that helps home in on areas for performance improvement, fine. But communicating procurement performance to senior executives requires simplification.  Let me rephrase that.  Communicating procurement performance to senior executives requires effective, intelligent, meaningful simplification.…

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The Future Direction of Procurement & Supply Chain Management

The saying goes: “The only constant is change.” Nowhere is that statement truer than in procurement and supply chain management. Procurement and supply chain are fields that have changed tremendously throughout the years. They are much more multi-faceted disciplines than they were even just a few years ago. If you’re a procurement or supply chain professional and you haven’t adapted…

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34 Procurement Experts Predict 2015 Trends

The saying goes: “The only constant is change.” Nowhere is that statement truer than in procurement! If you’re a procurement professional and you haven’t adapted to new ways of carrying out your work, the world is passing you by. But it’s not enough to try to get to where procurement is today. You must prepare for the future of these…

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Peter Oborne Resigns from Daily Telegraph

Peter Oborne, a chief political commentator for the Daily Telegraph in the UK resigned from the newspaper after making allegations that Barclay Brothers, owners of the publication, held back reports about the HSBC tax scandal due to concerns of losing revenue from advertisements run by the banking giant. Oborne stated, “Democracy itself is in peril if major newspapers allow corporations…

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Advantages of a Procurement Hub in the Education Sector

Our guest blog post,  Advantages of a Procurement Hub in the Education Sector, comes from Abhinav Parameshwaran, a Solutions Consultant for Zycus Inc. Procurement teams are gaining a seat at the strategic table of every organization, primarily because of their ability to provide great value in terms of supporting the corporate vision. This is certainly true in case of the…

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Best Value Procurement

I hope that you have enjoyed the article, “What Is Best Value Procurement?” I’d like to address some potential questions that I anticipate from readers who read the article closely. In looking at the options of using the value-to-cost ratio or the net value calculation, one may ask why net value calculation wouldn’t always be used.  After all, isn’t bottom-line…

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Put Your Best Scorecarding Foot Forward

Today’s guest post is by Ken Ballard, supply chain project analyst at Source One Management, Inc. How often do we say a failed sourcing project “looked good on paper” right up until major issues started cropping up? Only looking good on paper is an often-cited attribute of problematic initiatives – someone dotted their I’s and crossed their T’s but didn’t see…

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Why, As A Procurement Guy, I Hate The Super Bowl XLIX Outcome

So, the New England Patriots won Super Bowl XLIX.  And, as a procurement guy, I’m not happy. Why not? Well, professional procurement is about many things.  One of the most important principles in procurement is to operate with the utmost integrity. Almost everyone knows about “Deflate-Gate” and how the Patriots allegedly used footballs that were inflated to less-than-legal capacity –…

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