Supply Excellence

Could someone tell me what “spend under management” really is?

March 16th, 2010 · 1 Comment · best practices, financial value chain, spend analysis

At the recent webinar, Assessing the CFO’s View of Procurement, an audience member asked a question that I’d like to share: What exactly is “spend under management?” Andrew Bartolini, VP and group director of Global Supply Management Research at The Aberdeen Group, answered the question as follows:
It’s an area that I’ve been focused on in [...]

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How does Finance view Procurement?

March 12th, 2010 · 1 Comment · best practices

Here are some nuggets that Andrew Bartolini, Aberdeen Group shared earlier this week on a webcast - ‘Assessing the CFO’s View of Procurement’ - on how you can start building bridges between Finance and Procurement. This is a key focus area for companies enjoying best in class performance - those that are noted for superior [...]

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Spend Management Jobs: Connecting talent seekers with the talented

March 1st, 2010 · No Comments · events, sourcing, supply management

On a recent call to discuss top trends in 2010, Chris Sawchuk of the Hackett Group said that procurement departments in many companies are looking to beef up their talent this year. It seems that the value of strategic-minded, savvy procurement pros became more clear during this brutal recession, where extracting value for every penny [...]

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What direction will buyer-supplier relationships move in the future?

December 7th, 2009 · 1 Comment · best practices, supplier management, supply management

For the past few weeks in the Strategic Sourcing & Procurement Group on LinkedIn, members have been debating:
“What direction do you think buyer-supplier relationship is likely to move in the future?”
Lots of perspective, opinions and advice. A few of the highlights …

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Supply Risk Management: When “doing nothing” is the best plan (Video)

November 17th, 2009 · No Comments · LCCS and trade, best practices, oil/energy, sourcing, supply management, supply market dynamics, supply risk

After sharing his insights into supply risk management, Dr. Uwe Schulte gave a great example of when the best course of action to protect his company from a supply risk was … to do nothing. Of course, he stressed that choosing to do nothing and doing nothing by default are two different things.

Has anyone else [...]

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