Author Archives: Cayla Truman- Iasta

4 Things Procurement Should be Thankful for This Season

As we approach the holiday season, our schedules can become busy and chaotic. It’s easy to get bogged down and forget the true meaning of why we celebrate Thanksgiving. So, in order to energize our hearts and minds, grab some coffee (lots and lots of coffee!) and start counting your blessings! I’ve put together a list of things a procurement pro should be thankful for this holiday season. 1-Technology: Innovative technology helps you overcome the challenges of modern sourcing- making … More

3 Points for Procurement to Consider as a Modern Organization

How can procurement define itself as a modern procurement organization? Recently at Iasta reSource 2014 in Indianapolis, Selectica’s Erick Mott had the opportunity to interview Marc Hochman of A.T. Kearney about his session on Supply Team 2020. During the interview, Marc shared three key takeaways for procurement teams to consider as a modern organization: Procurement has a huge opportunity to deliver value to their organization. Procurement needs to collaborate and use the same “language” as our colleagues in Finance and … More

3 Ways to Get Your Procurement Mojo Back

I recently read a blog post from MyPurchasingCenter.com titled, Procurement Missing Out on Empowering Opportunities. The article reviewed a new book that discusses what’s holding so many procurement organizations back from realizing their full potential. In the book titled, Procurement Mojo: Strengthening the Function and Raising Its Profile, Sigi Osagie describes the kind of “mojo” procurement professionals need to be more effective and successful on the job. To summarize, Osagie describes Procurement Mojo in a series of 5 steps: Build … More

4 Tips to Deliver Winning Results in Procurement

October is considered one of the “favorite months” in my house. It brings fall weather, pumpkin-flavored everything, and football! And now that football season is in full swing, I can’t help but think about the parallels between procurement pros and pro football players. Being a procurement pro is hard work. Procurement is constantly changing- new technologies are popping up, and you’re always asked to do more with less and increase procurement’s value. Similarly, the life of a pro football player … More

3 Reasons Why We’re Excited to Attend Procurement Leaders Zurich Forum

Procurement Leaders Zurich Forum tickets purchased? Check! Plane tickets & hotel room booked? Check! Bags packed? Check! We’re ready to travel to the UK next week for Procurement Leaders Zurich Forum next week on October 15! This year’s theme is: Maximising Procurement Value Through Process Improvement and Innovation. We can’t wait to embrace this theme through engaging networking sessions, roundtable discussions, and inspiring keynote presentations. Below are three reasons why we’re excited to attend Procurement Leader’s Zurich Forum: 1-Gain inspiration … More

Getting Enterprise Contract Management Right: Join Iasta at IACCM

Iasta is kicking off October by prepping to attend the International Association for Contract & Commercial Management (IACCM) on October 14-16 in Chicago. IACCM is the global forum for innovation in trading relationships and practices and is leading the way in responding to the demands of global networked markets. What’s On The Agenda? On Day 1, Selectica will host an executive boardroom session, “2015 Readiness: Contract and Commercial Management Trends & Transformation Discussion.” Patrick Stakenas and Bill DeMartino from Selectica … More

4 Tips to Tame the Sourcing Monster

Is there a sourcing monster lurking around your office? He’s known to wreak havoc in your sourcing software, causing your database to become messy and confusing. The sourcing monster makes using eSourcing tools increasingly more time-consuming, degrades the efficiency of your standard processes, compromises integrity of the eSourcing process, frustrates users, and lowers adoption. You’ll know the monster’s been hiding under your desk once you log into the system and realize he is: Sending RFPs with outdated and inconsistent legal … More

5 Reasons to Attend eWorld 2014

Iasta is busy prepping for eWorld Purchasing & Supply on September 24 in London. This UK leading event centers on the use of leading-edge technologies and techniques within the procurement & supply chain functions. eWorld is targeted to senior business executives responsible for implementing web-based procurement and supply chain strategies, sourcing technology partners, and using / joining electronic marketplaces. If this sounds like you, check out these five reasons why you should join Iasta at eWorld in September: 1-Attend cutting-edge … More

3 Reasons to Join IASTA at ProcureCon Indirect West

ProcureCon Indirect West is right around the corner – September 15, 16, and 17 in Litchfield Park, Arizona. This year’s theme is: Where Sourcing Meets Innovation. Iasta is attending and we are excited to embrace this theme through engaging networking sessions and even hosting an interactive roundtable of our own! If you’re a CPO or director from a large or small spend company, here are 5 reasons why you should join us at ProcureCon Indirect West: 1-Participate in an interactive … More

6 Ways Retailers Benefit from Using Modern Sourcing Solutions

The retail industry runs a high supply chain risk as a result of high public visibility and being consumer-focused. In order for retailers to be successful in a heavily competitive marketplace, they must adopt and advance modern sourcing and procurement approaches that go beyond cost savings efforts alone. These modern approaches create a combination of tools and processes that allow for greater visibility. Modern sourcing tools and processes also give procurement teams the ability to reduce risk from the supply … More

Why Retail Needs to Think Beyond Cost to Deliver Innovation

When you hear “retail” – what terms come to mind? We’ve found that retail is a broad term that can incorporate many different sectors, especially for global organizations. Retail can cover heavily regulated areas such as food and drugs, but retail also includes: Apparel Electronics Furniture Health & Beauty Regardless of how you view or analyze retail, the industry as a whole is tied by its consumer-focused nature. And due to this large amount of public visibility, retail runs a … More

Become a Procurement Change Agent

As a modern procurement pro, you must be prepared to become an “agent for change” in areas that go far beyond just cost management. Creating operational efficiencies, managing supply-based risks, and promoting sustainability are just some examples of where procurement is expanding. Iasta has partnered with our European consulting partner, Efficio, to develop a global procurement survey studying what exactly it means to become a change agent. The survey results are in – and our early analysis tells us that … More

6 Steps to Green Sourcing

Happy Earth Day! Since 1970, people have been celebrating Earth Day in a variety of ways: gardening, recycling, educating others about sustainable practices, saving energy, etc. But, as a modern sourcing pro, what can you do in your organization to help celebrate Earth Day? I came across a whitepaper from Deloitte titled, “A Practical Guide to Green Sourcing.” The whitepaper discusses a 6 step strategic green sourcing process and the “green” steps you can take in your organization to emphasize … More

3 Reasons to Implement a Supplier Diversity Program

April is Celebrate Diversity Month, which started in 2004 to recognize and honor the diversity surrounding us all. Diversity can be recognized in many ways – from self-expression, to a difference of opinion, to choosing diverse suppliers – but one thing is certain, we celebrate diversity in hope that people will gain deeper understanding of the diverse group of backgrounds and cultures. As for procurement, supplier diversity programs are just as important to recognize (and celebrate). Today, supplier diversity programs … More

8 Signs You Are Ready to Adopt a Modern Sourcing Solution

I can rattle of many reasons why teams should consider implementing a modern sourcing solution. Even though each company will have different challenges, needs, and goals; if your team is experiencing any of these eight signs below, now is the time to adopt a modern sourcing solution! Sign #1: Limited Or No Visibility Into Your Company’s Spend If you have limited or no visibility into your spend, you are likely missing out on hard dollar savings. A spend analysis solution … More