Author Archives: Michele Peddycord- Iasta

Prego & Supplier Data: “It’s in there!”

Years ago, Prego televised a commercial for their spaghetti sauce with the catch phrase, “it’s in there.” The commercial went something like this… A father enters the house for a spaghetti dinner and condones his son’s wife for using sauce from a jar. The father continues to talk about garlic, herbs and onions to which the son replies, “it’s in there.” For those not familiar with the commercial, you can view it here. So, how does a can of Prego … More

Fantasy Football and Procurement: 4 Tips to Choosing a Winning Supply Network

Football season is upon us! Have you started developing your strategy to pick the winning team for 2014? Many football fanatics have begun their annual Fantasy Football draft preparations – analyzing statistics of players-yards carried, completed passes, and playing time to create the “perfect” football team. Understanding and analyzing the stats of each player is critical for “coaches” when drafting their teams. Creating spreadsheets, scanning the internet, and looking for the most up to date player’s statistics are critical tactics … More

Is Your Procurement Organization Dancing in the Dark?

Break out your dancing shoes, brush off the dust, and turn on the lights…it’s time to stop dancing in the dark! We find that a lot of procurement organizations are “dancing in the dark” because they don’t have the proper visibility into their spend and sourcing pipeline. Without this insight, you could be losing out on hard dollar savings and efficiencies! Iasta recently hosted a Webinar with AOL and Spend Matters, “Vote for Visibility: Yes, Procurement and Data can Dance.” … More

Look into my crystal ball…

As the economy continues to evolve and change, procurement groups are looking at past spend to determine sourcing opportunities, supplier consolidation and expansion, and off contract spend. But what about future spend? How can you predict the unexpected? Simple questions such as, “What effect will an increase in gas prices have on my spend?” and “If the real estate price index decreases 5% over the next year, what are my savings?” should be taken into consideration when forecasting for the … More

What Do The Indy 500 & Sourcing Projects Have in Common?

On Sunday, Indianapolis will rev up for The Indianapolis 500, which is the world’s most famous and prestigious auto race. “The Greatest Spectacle in Racing” covers 500 miles (200 laps) on the 2.5 mile oval track. So what can purchasing pros learn from the Indy 500? The Indianapolis 500 isn’t won in one lap – and an auction isn’t won based on price only. Price is certainly an important factor when choosing the right supplier for your business needs, but … More

10 Ways to Drive Procurement Influence Using Advanced Technology: Part 8

In today’s procurement world, awarding business to a supplier isn’t about just the lowest cost. In a recent webcast, Jason Busch, Executive Editor of Spend Matters, dove into ways that procurement groups can partner with suppliers in creative ways to lower their Total Cost of Ownership (TCO). Click to read Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7. First of all, you need to understand the total cost of doing business with your … More