My own travels last week offer validation from the trenches that Amex’s predictions for travel curbs will come to fruition. Travel restrictions were a hot topic at the Sourcing Interests Group (SIG) Conference last week. No less than five procurement execs said their companies had implement restrictions for all but sales related travel. (Only two [...]

[Read more →]

Should the government bailout the financial institutions or should they let them fail? While this issue is debated, those with a strong strategic sourcing background may see a significant opportunity.
While there is risk with the Government taking over these assets, this risk is minimized if they are purchased at the current true market [...]

[Read more →]

Purchasing.com reported this week that American Express expects businesses to cut travel & entertainment (T&E) expenses in an attempt to contain costs in 2009. With the current state of affairs in the economy, it’s no shock to see companies looking for ways to cut back. And with significant spending on the T&E category, it’s certainly [...]

[Read more →]

In case you missed the story (and that’s a forgivable offense since you’re likely watching the response of your supply chain, company and 401k to the financial situation this week), sixty-three formers employees of an Indian auto-parts manufacturer are under arrest for murder after beating their former CEO to death Tuesday. The workers were set [...]

[Read more →]

Like most of you, I spent the last week glued to my financial TV news outlets, rss feeds, Wall Street Journal and (because I was traveling) the USA Today Money section, trying to make some sense of the turmoil rocking the banking sector. When giant, old institutions like Lehman Bros. and AIG fail, and [...]

[Read more →]