Monthly Archives: November 2012

Measuring Success: Actual eSourcing KPIs

During the hustle and bustle of this year’s eWorld Purchasing & Supply seminar in London, attendees had the chance to tuck-in and listen to Michael Van Keulen, Senior Procurement Manager for VF Corporation, give his insights on eSourcing best practices. Not having the chance to attend this Iasta sponsored talk in person; I was able to watch his entire presentation on Iasta’s YouTube page, IastaInc. In one specific segment, Michael strikes a chord with the audience while talking about eSourcing … More

November Monthly Payback Feature: Josh Miles

Who is Josh Miles? Josh Miles is a self-proclaimed caffeine and Twitter addict. Professionally, he is the principal and founder of Miles Design, LLC where his role consists of driving brand strategy, business development, and firm-wide marketing. Earlier this year, Josh authored the new Content Marketing Institute book, Bold Brand: The New Rules for Differentiating, Branding, and Marketing Your Professional Services Firm. Let’s learn more about Josh… On Following Your Dream “I’ve been drawing and doing art since I was … More

Iasta & Forrester Discuss How to Empower Your CPO With Business Intelligence

Often, procurement teams like yours are required to pull data from many unlinked systems. As you know, data in silos of disparate systems is useless. Therefore, teams find themselves lacking the information and insight to implement data-driven business decisions that the CPO and other executives are demanding. Let’s review a few scenarios that might sound a little too familiar…and if they do, be sure to register for our live Webinar with Forrester on Thursday, December 6 at 11 AM EST. … More

Procurement in Q4: Six weeks and counting until the quarter closes

With the end of the year quickly approaching, many procurement groups are looking at their performance metrics for the year. For procurement groups that haven’t quite hit their savings targets, December 31st is an unwelcome but inevitable date looming on the horizon. Before you resign yourself to your current savings numbers, there might be some things you can do in the last weeks of the year to improve your position. Although there is not enough time left to run additional … More

Beef Up Your Data Protection Strategy to Match Business Needs

Events such as the 9/11 attacks and the tsunami in Japan have caused many organizations to reassess their overall data protection strategies for data backup and recovery, disaster recovery and business continuity, as well as long-term retention and security of their data. However, most business downtime is caused not by catastrophic events or major natural disasters but by hardware failures, data loss, power outages or UPS failures, network outages, security breaches, human error and application failures. Here are the Top … More

How to Accomplish a Pareto Analysis in Microsoft Excel

When examining spend, the most effective way to start is at the top. This method will expose categories with the most savings opportunity because more savings are reaped from higher spend. A lot of corporate spend falls into only a select few categories. For example, a company may have 80% of its spend going to Financial Services, IT, and Published Products. A good spend analysis product should display a Pareto Analysis within each category in its reporting suite. From there, … More

Four Challenges Procurement Teams Face When Implementing Spend Analysis

Using a spend analysis solution allows you to uncover the hidden potential lying within your data. You can empower your team with business intelligence to make discoveries that can quickly grow your sourcing pipeline. However, procurement teams implementing a spend analysis solution often have to overcome challenges and roadblocks before they gain greater influence and spend under management with the tool. Below are four challenges procurement organizations face when implementing a spend analysis solution: Lack of Spend Understanding: Often, spend … More