The prevailing wisdom is that a group of people will do more together than as individuals. And while some groups can deliver amazing results that cannot be achieved by individuals, sadly this is frequently not the case. In fact, many groups will actually deliver worse results than you expect. So what differentiates the good groups from the bad?Continue reading
How To Buy Your Way To Better Profits!
CEOs are becoming increasingly aware of the value a great procurement function can bring to their business. And report after report of massive cost reductions or improvements in quality and service, as well as faster time to market indicates that such interest is well warranted.
Great procurement organizations work collaboratively with other functions and with their suppliers to drive broad improvements in total costs. However, in order to be most effective these organizations are ensuring they have the best talent arrayed against each strategic segment of procurement expenditures, even if they have to outsource some portion of their function. The leading organizations also recognize that information is more important than organizational structure, thus their technology investments are focused and frequently deliver value upon implementation, unlike many other misguided procurement automation efforts. Finally, these groups recognize that they are unable to build a competitive business without competitive suppliers, and make every effort to ensure relationships are such that the total system wide cost are being reduced collaboratively, for in so doing, these partnerships can deliver the greatest improvements in procurement.Continue reading
PROCUREMENT CONTINUES TO BE A VERY FRUITFUL SOURCE FOR COST REDUCTION YET MANY PROCUREMENT ORGANIZATIONS FAIL TO ACHIEVE THEIR POTENTIAL BY MAKING ONE OR MORE OF FIVE COMMON MISSTEPS.Continue reading
What To Do To Get That Procurement Improvement?
CEOs are becoming increasingly aware of the procurement function can bring to their business.
Procurement continues to be a very fruitful source for procurement organizations fail to achieve their potential by making one or more of five common missteps.
Companies delivering the greatest value out of procurement each adopt five practicesContinue reading
Why is the new year changeover from one year to the next, special? After all, it happens every year. It’s always one minute to end the current year, and another minute to greet the new year! How can it be special this year, last year, and each year before that?Continue reading
“A Morning Wish” – W. R. Hunt
The sun is just rising on the morning of another day, the first day of the new year. What can I wish that this day, that this year, may bring to me?
Nothing that shall make the world of others poorer, nothing at the expense of others; but just those few things which in their coming do not stop with me but touch me rather, as they pass and gather strength:Continue reading