Category Archives: General

General

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

Collaborative Supply Thinking Outside of the ‘Giga’ Box

Has your organization considered entering into a highly collaborative supply relationship? Some organizations are moving in this direction. Let’s take Tesla Motors and Panasonic for an example. On July 31st, Tesla Motors announced details about their plan to build a lithium-ion battery factory (Tesla Gigafactory) with their primary battery supplier, Panasonic. The factory will most likely be located in the Reno, Nevada area and is being hailed as the solution to Tesla’s lithium-ion battery supply constraints. According to current plans, … More

Beyond Contract Management 101: Webinar with Spend Matters & Selectica

As adult procurement people, the first week of September may not remind you of fresh notebook paper, new pencils, and back to school shopping (my personal favorite time of year as a kid). But it’s still back-to-school season, and we want to help you get back into the contract management game. Whether you’ve taken a break from contract management for the summer (or much longer than that), it’s time to dust off those best practice guides and start putting your … More

Procurement’s Ever-Growing Role in Retail

It’s been 10 years since AT Kearney categorized retailers into three different categories: Food and drug retailers, who sell just what you would expect (food and drugs) Soft line retailers, who sell apparel Hard line retailers, who sell appliances, electronics, and furniture Although these classifications still exist, the definitions have blurred considerably in recent times. Take Wal-Mart, for example. Wal-Mart is a hypermarket giant that combines all three of the above categories under one roof. And as we all know, … More

“The Power of Positive Thinking” for Procurement – Part 3 of 3

If you are just joining this series of posts on “The Power of Positive Thinking” for Procurement, you can read Parts 1 and 2 here and here. We have looked at the need to make meaningful change from within procurement professionals, and the importance of mindset discipline in the face of demanding stakeholders. In this post, we will conclude our series regarding Norman Vincent Peale’s inspirational bestseller The Power of Positive Thinking with rule number six from his “ten rules … More

10 Reasons Why Indianapolis is the Best Place for Iasta reSource 2014: A Guide to Indianapolis

Can you believe that we are only a few weeks away from Iasta reSource 2014? If you’re joining us for the conference, your days at reSource will be full of inspiring speakers and sessions and exciting networking opportunities and receptions. But remember to take some time to explore downtown Indy as well! The city is full of exciting things to do and see. To simplify your trip planning, I’ve created a list of the must-see spots in Indianapolis. Soldiers and … More

6 Tips for Getting the Most out of Iasta reSource 2014

Iasta reSource 2014 in Indianapolis is less than 43 days away. If you’ve never been to Iasta’s user conference (or any conference for that matter), I’m sure you have a handful of questions. What sessions do I attend? Who will I meet? What will I do? How can I get the most out of this event? Attending any type of conference for the first time can be overwhelming (and no doubt exciting). So, to lower your stress levels, here are … More

Top 3 Reasons Procurement Teams Seek New Software Solutions (Part Two)

In my last post, I shared an observation about how cost savings is no longer the sole metric of success for procurement teams.  I also revealed that savings is no longer among the top 3 reasons that procurement teams choose to purchase new upstream procurement software solutions.  Cost savings has been drifting down in the list, holding the #3 spot in 2012 and 2013. Now, in 2014, cost savings has fallen to 4th place. Why the change? Well, to start, … More

4 Ways to Avoid a Horrible Software Implementation

Anyone who has undergone multiple enterprise software implementations can probably tell horror stories about failed deployments. Some software implementations end up taking months, or even years, longer than planned.  Other implementations never even get off the ground because there was not a plan around how to properly implement the new software after purchase. Furthermore, if your software users are poorly trained or face usability difficulties, your software implementation efforts will end up being a waste of both time and money. … More

The Power of Spend Analytics

Here at Iasta, we like to have fun when presenting webinars with our clients and industry analysts, and our webinar with Brunswick, Equifax, and Spend Matters was no exception. The speakers agreed to quite a unique theme, tying together The Lord of the Rings and Spend Analysis. There is no denying that this Lord of the Rings-themed webinar made for some good laughs, but we still kept the message simple and clear: although spend analysis often seems like a daunting … More

Top 3 Reasons Procurement Teams Seek New Software Solutions

Guiding procurement teams to the best solutions and most effective implementations of these solutions involves engaging with them at a level much deeper than features, functionality, and price. We establish relationships and learn about their challenges, the underlying reasons they are looking for a new solution, and their short and long term goals for their team. In the end, we firmly believe that Iasta’s success is measured by our ability to solve problems and achieve goals for each client individually. … More

“The Power of Positive Thinking” for Procurement – Part 2 of 3

If you are just joining this series of posts on “The Power of Positive Thinking” for Procurement, you can read Part 1 here. We started with a look at the need for procurement professionals to make a change from within in order to get a different external result. In this post, we will focus on rule five in Norman Vincent Peale’s “ten rules for taking the hard way out of your job” from the international bestseller The Power of Positive … More

45 Reasons to Attend reSource ‘14 Indianapolis

Still deciding whether or not you want to attend reSource 2014 in Indianapolis? The benefits of attending this two day conference and additional training day are endless! Below are just a few of the reasons you don’t want to miss this amazing event. Training Day Learn how to create thoroughly awesome RFPs utilizing different question types and scoring criteria. Learn about different lotting strategies when setting up your Live Event. Learn how and when to utilize Excel Bidding and best … More

4 Questions You Must Ask to Make Sense of Your Procurement Data

From web browsers and social media to contracts and purchase orders, the amount of available data in the procurement industry is never-ending. All of this data presents awesome opportunities to learn more about your suppliers, decrease risk, and ultimately save your company money. However, knowing how to leverage this data presents a whole new set of challenges. With so much information at your fingertips, it is easy to get caught up in all of the excitement and collect useless data. … More

Contract Management in a New Context: It’s About Centralizing Compliance, Governance, and Risk (Part 3)

Creating an enterprise approach to CLM is essential in today’s procurement world, as procurement and other departments are increasingly being audited on their organizational processes and data approaches.  This is paralleled with the efforts of center-led / center-of-excellence approaches being established by world-class procurement enterprises, something we are seeing more and more within our client base. Using an enterprise approach for CLM therefore only makes sense for organizations taking this approach. In fact, the consolidation of CLM into one tool … More