Archive for July, 2015

Would This Illegal Procurement Be A Dead Giveaway In Your Organization?

One of the benefits of having some centralization to a procurement process is that an independent person reviews purchase requisitions to guard against improper use of company funds.  But some organizations allow decentralized purchases of goods and services that fall below a certain value. The thinking is that it would be too expensive to police every purchase and that those…

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NLPA’s Webinar on Spend Analysis Solution Selection is This Tuesday!

As the author penned in Spend Visibility: An Implementation Guide, “Almost any attempt by an organization to analyze spending patterns is likely to be fruitful, especially if there hasn’t been a serious prior attempt. It is easy to find thousands of breathless testimonials about a particular product or method – independent of the quality of the product or method –…

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Last Fiscal Year’s Average Price vs. Last Price Paid: More Cost Savings Baseline Examples

I hope that you have enjoyed the article “Why ‘Last Price Paid’ Is A Dangerous Metric.” I think that the article concisely illustrates why last fiscal year’s average price is a better baseline for your cost savings calculations than last price paid.  One thing that I didn’t have the space to address that I anticipate coming up as a question…

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The Continuous Strategic Supplier Evaluation Cycle

I hope that you have enjoyed the article “Supplier Contracts: To End Or Extend?” Too often, strategic sourcing is thought of as something that is only done after a category of goods or services has been bought in an unstructured way since an organization’s inception.  Then, after strategic sourcing is done, supplier relationship management takes over and everyone lives happily…

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