Category Archives: Supply Management Best Practices
Until recently, governments at all levels have found the market for budgeting tools to be woefully inadequate. Accordingly, most governmental organizations continue to use cobbled-together, Frankenstein-like budgeting tools that, more often than not, rely on users to extract or re-enter data in offline spreadsheets to analyze budgetary policy proposals. Such tools are labor-intensive, inflexible, error prone, limited by the data collected and fail to provide timely, sufficient budgetary insight to optimize resource allocation. In this time of greater public budget … More
According to an article on Inside Supply Management, “Recent research into middle-market companies, those with annual revenue between US$10 million and $1 billion, finds they are the growth engines in today’s economy.” Another interesting statistic from the article? If the nearly 200,000 U.S. middle-market companies were their own country, that country would be the fourth largest economy in the world, behind Japan and ahead of Germany. As middle-market companies continue to grow and shine in our economy, the Ohio State … More
As part of our blog series highlighting advice offered by Jason Busch from Spend Matters in our recent, this installment discusses idea # 5: Advanced Procurement Strategies for Supplier Performance Management. Click to read Part 1, Part 2, Part 3, and Part 4. Successful procurement groups are using their Supplier Performance Management (SPM) processes and tools to reap benefits far beyond basic performance data. SPM implementations have moved from simply collecting and monitoring supplier data on key performance indicators to … More
In Part 1, I discussed serveral companies discussed in the Gartner Webinar that recognize the importance of having a good balance of understanding product and opertional excellence. You can read Part 1 here. One of Burkett’s major points in this Webinar is that to realize value across a products’ lifecycle a company must consider the product, supply chain and demand from the beginning of the its life. They must anticipate challenges in early introduction and have created a supply chain … More
Michael Burkett, VP Research at Gartner conducted a compelling Webinar last week titled, “New Supply Chain Strategies to Maximize Product Value and Growth.” The key message of Burkett’s presentation is that product value is maximized when the supply chain is considered and integrated throughout the product’s lifecycle. New products fail 50% of the time. Why? Contributing factors include product cost issues, inventory shortages and poor commercialization process, to name a few. Profitable innovation is key to bringing new products to … More
Iasta’s annual user group conference, reSource ’12, will take place on March 12-13, 2012 at The Cosmopolitan of Las Vegas. reSource ’12 is designed for Iasta customers and prospects who are responsible for procurement within their organization, especially super users, decision makers and new users. Click here for more information about Iasta’s reSource ’12 event. “We are very excited to host our annual user group conference in Las Vegas this year,” said Melissa Beuc, senior director of product marketing of Iasta … More
A recent post on SupplyChainDigest featured new findings from CAPS Research, which affiliated with the Institute of Supply Management. The article included 12 key factors for successful Supplier Relationship Management (SRM). The 12 Keys to SRM Success from CAPS Research 1. A consistent approach that encompasses all of the work streams identified above in an integrated way. There is no silver bullet. 2. While SRM can be approached as an initiative with a beginning and an end, the greatest success … More
