Entries from March 2009
Few, if any, people still deny that US healthcare costs put the nation at a competitive disadvantage, reek of inefficiency and must be confronted soon. And as Washington begins to debate the direction the nation will move, PBS Frontline’s Sick Around America program last night showed us the magnitude of the challenges ahead:
And while many [...]
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Tags: best practices·buyer's market·health care·process efficiency·procurement·sourcing
Recent Supply Excellence posts demonstrating why current economic factors (i.e., low demand, lower fuel prices, tight credit, and high unemployment) have conspired to create the best sourcing market in decades have been met with mixed response. While a number of sourcing managers are boasting how the current market has reenergized their sourcing automation (e-sourcing) programs, an [...]
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Tags: best practices·process efficiency·procurement·sourcing·supplier management·supply risk
Buyers typically focus on a few key objections to avoid the E-Sourcing process, even with its potential for savings and the promise of a condensed sourcing timeline:
“It will destroy my relationship with the supplier.”
“The service, quality and support my supplier currently delivers will suffer.”
“My supplier’s profitability will be depressed to the point of no return, [...]
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Tags: best practices·process efficiency·procurement·sourcing·supplier management
In response to protectionist populism, the recently passed US economic stimulus bill included a controversial “Buy American” Clause. The rule, which was watered down from its original language, requires that all Steel, Iron, and “Manufactured Goods” used for stimulus backed “public works” projects be produced in America unless:
Quality or quantity from US suppliers is insufficient
Cost [...]
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Tags: Buy American Clause·capital goods·commodities·EMEA·LCCS and trade·metals·procurement·regulations·sourcing·supply risk
We’ve looked at why now is a good time to address legal services spend (down economy, rising unemployment) and how to approach it (alternatives to the billable hour). Now, it’s time to push firms to reduce charges, boost efficiency, and in some instances, stop placing junior staffers on your accounts. All of this can [...]
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Tags: buyer's market·capital goods·indirect spend·legal services·outsourcing·procurement·recession·Services Procurement·supply chain finance