Procurement Insights

FEBRUARY 17, 2024

FIRST, SOME BACKGROUND INFORMATION In August 2007, I wrote an article titled “Procurement’s Expanding Role and the Executive of the Future.” 2007 – Commonwealth of Virginia ’s eVA – Yes, Virginia! There is more to e-procurement than software!

supply chain software solutions 62

supply chain software solutions Supply Contract management Supply chain 62

Procurement Insights

MARCH 1, 2024

In 2007 , I wrote the following in Part 7 of my Dangerous Supply Chain Myths Series: In short, a Metaprise is a synchronized versus sequential architecture (private hub) that simultaneously links or incorporates the unique operating attributes of all transactional stakeholders on a real-world, real-time basis.

Procurement 80

Procurement Supply Chain Efficiency Buyers Quality 80

Procurement Tactics

NOVEMBER 25, 2022

The 2008 recession (also known as The Great Recession) lasted 18 months, from December 2007 to June 2009. From 2007 to 2008, the Real Median Household Income decreased by roughly 3.6%. One question at the forefront of many Americans’ minds is, “Will this be another 2008 recession?”. Notably, it left 8.7 from 2019 to 2020.

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Raw materials Bidding Contract Suppliers 195

Procurement Insights

DECEMBER 15, 2023

As one of the first procurement industry bloggers, if you told me on May 18th, 2007, that in December 2023, I would still be penning my thoughts on the Procurement Insights blog, I probably would not have believed you. Here Here is the link to my very first post: Welcome to Procurement Insights.

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Supply chain Procurement Purchasing Risk 71

Procurement Insights

MARCH 10, 2023

Here is the link to my first Procurement Insights post on May 18th, 2007: [link] Are the observations still relevant today? What was the topic of your very first blog post? share the link in the comments). Can you name the service provider – one of the first sponsors of my blog, started by Dave Stephens , that is now an industry giant?

Procurement 42

Procurement supply chain software solutions Supply chain Supply 42

Procurement Insights

SEPTEMBER 30, 2023

May 2007 – The high (and continuing) rate of e-procurement initiative failures – studies indicate that 75 to 85% of all initiatives exceed budgetary expectations but fall far short of projected savings. What are the common denominators? How can you scale digital adoption and transformation success?

Buyers 62

Buyers Procurement team Quality Contract 62

Procurement Insights

OCTOBER 4, 2023

(In fact, it’s the lack of Big Data leading to so many failures … but that’s a different rant …)” – Michael Lamoureux, LinkedIn (September 2023) Michael Lamoureux , your post reminded me of a 2007 post on Double Marginalization.

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Data Buyers Price Management 57

Procurement Insights

DECEMBER 27, 2023

My Response R.Gökhan Hüner , you provide great insights that immediately reminded me of the following excerpt from an article I wrote in 2007 – [link] “Unfortunately, most purchasing departments “inherit” their software as an adjunct downstream byproduct of either an original finance or IT-centric initiative.

Procurement 75

Procurement supply chain software solutions Purchasing Sourcing 75

Procurement Insights

SEPTEMBER 28, 2023

Great article , Elvire Regnier ! Governance is THE key to cluster development and the globalized supply base.

Supply 59

Supply Networking Procurement Buyers 59

Procurement Insights

NOVEMBER 19, 2023

” Mission Control The following excerpt from a June 2007 post talks about decentralization and centralization in procurement – [link] The theory behind the balanced approach is that self-sufficient (usually larger) departments, while independent, will be collaborative partners with the central purchasing group.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Collaboration 52

Procurement Insights

OCTOBER 17, 2023

2007) The Mendocino Project: A Brilliant Strategy by Microsoft and SAP to Sidestep Anti-Trust Legislation? 2007) 30 So, I will share the first two posts with you and suggest that you, once again, avail yourself of the blog’s “Search” feature. Microsoft Acquires SAP? (A A Commentary) (Dec.

Category management 64

Category management Sourcing Procurement Management 64

Procurement Insights

OCTOBER 27, 2023

2007 article on the CPO Agenda Roundtable Meeting, I reported the following – [link] “As a result, there is going to be a continuing need for what was referred to as “low-level” buyers. Of course, the “value creation” concept predates AI.

Contract 64

Contract Procurement Buyers Purchasing 64

Procurement Insights

JULY 9, 2022

The post, which garnered almost 93,000 views, stimulated one of the more interesting and energetic dialogues with which I have been involved since joining LinkedIn in 2007. (Question after reading Boston Consulting Group (BCG) post shared by Lance Younger ).

Budget 75

Budget Collaboration Contract Innovation 75

Procurement Insights

JULY 31, 2023

December 5th, 2007 – Microsoft Acquires SAP? (A I opened my inbox, and as I was sipping my second cup of coffee, I noted the following email (see image below): While waiting for the caffeine to kick in, three Procurement Insights posts from the past immediately came to mind.

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Procurement Price Innovation Purchasing 52

Procurement Insights

APRIL 4, 2024

. “It’s amazing what you can accomplish if you do not care who gets credit.” ” – Harry S. Truman Exactly right, Greg Tennyson !

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Collaboration Procurement Data 71

Procurement Insights

MARCH 19, 2023

” In July 2007, I wrote the article “ Public Sector Procurement and the Walmart Effect. Newton’s third law states, “for every action, there is an equal or greater reaction.”

Buyers 42

Buyers Suppliers Inventory Sourcing 42

Procurement Insights

SEPTEMBER 27, 2023

“ As I wrote in a soon-to-be-published article, the date of the above report is 2022, not 1999, 2005, 2007 or 2013. We are talking about the digital transformation era and the emergence of AI.

Supply Chain Efficiency 62

Supply Chain Efficiency Sourcing Supply chain Data 62

Procurement Insights

AUGUST 19, 2023

eVA, Virginia’s eProcurement Program , knew this back in 2007 when the tech wasn’t as robust as it is today – [link] Instead of company names, we should know the names of the people behind each one.

Leadership 40

Leadership Eprocurement Procurement 40

Procurement Insights

APRIL 18, 2023

As a side note, I have been tracking RFP responses in the public sector since 2007, and no matter how advanced the tech, the trend has remained the same. Still, it will not address the continuing need to build a “relationship” and “legitimate preference” between buyer and seller.

Suppliers 42

Suppliers Bidding Buyers Supply 42

Procurement Insights

FEBRUARY 7, 2024

Part 1 of 3) 2007 – Commonwealth of Virginia’s eVA – Yes Virginia! ” 2007 It is incredible how the core foundation for success was the same in 2007 as in 1998. There is more to e-procurement than software!

Procurement 64

Procurement supply chain software solutions Collaboration Innovation 64

Procurement Insights

AUGUST 10, 2022

Going back to my August 2007 post regarding the Humphrey and Schmitz three value chain governance models , followed by the famous Walmart Effect Vlasic Pickle story to the innovative upside-down Heinze bottle collaboration , the evolution of buyer-supplier relations has seen some significant changes.

Suppliers 54

Suppliers Buyers Collaboration Innovation 54

Supply Chain Game Changer

SEPTEMBER 23, 2022

It was started in 2007 and is managed by the U.S. With the current waiver, all payments for federal student loans after October 1, 2007, count under the qualifications. About The Public Service Loan Forgiveness Program (PSLF). Department of Education. The only needed criteria – is qualifying employment. Submit an Application.

Supply chain 93

Supply chain Management Supply Sourcing 93

Procurement Insights

NOVEMBER 17, 2023

The July 20, 2007, Wall Street Journal published an article titled, “A Key Strategy of Japan’s Car Makers Backfires,” which begins: For want of a piston ring costing $1.50, nearly 70 percent of Japan’s auto production has been temporarily paralyzed this week. In turn, this might cause ripple effects downstream.)

Real-time Visibility 45

Real-time Visibility Inventory Collaboration Supply chain 45

Procurement Insights

JANUARY 14, 2024

And yes, after 40 years in this business, I have always viewed SEO and other such machinations as playing the casino where the house always controls and never loses.

Procurement 64

Procurement Networking Demand 64

Procurement Insights

MAY 16, 2024

Yale.edu Nov 14, 2023 In 2007, I wrote a white paper titled “The Greening of Procurement.” Accounting for Scope 3 emissions can be difficult and time-consuming, as there can be literally thousands of sources to catalog and estimate.

Leadership 40

Leadership Procurement Sourcing Supply chain 40

Procurement Insights

MAY 14, 2024

In 2007, 80% to 90% of the total identified spend was processed through the eVA initiative. (Identified spend, which represented those purchases for which eVA was likely to generate savings, accounted for approximately $3.5 billion of the Commonwealth’s total $5 billion expenditure that year.)

Suppliers 44

Suppliers Import Leadership Collaboration 44

Procurement Insights

DECEMBER 6, 2023

When I started writing this blog in May 2007, one of the reasons was to provide unknown companies such as Coupa, Zycus, and others with a venue through which they could connect with a wider and more direct audience.

Raw materials 62

Raw materials Price supply chain budgeting Supply Chain Efficiency 62

ivalua

APRIL 1, 2020

Established in 2007, Consus is a leading procurement services provider operating across 9 countries. With a highly demanding timeline of 5 weeks, we believed that only a true partnership and strong leadership across Intalere, Ivalua and Consus was the key difference-maker in the success of this project.”. About Consus.

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Contract Sourcing Supply Chain Efficiency Supply chain 147

Procurement Insights

OCTOBER 24, 2022

What is worth noting is that back in 2007, the executive participants in a CPO Agenda Roundtable said that one strategic sourcing professional is worth ten run-of-the-mill buyers. However, here is the contradiction, during that same period, organizations progressively cut their investment in education and training.

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Strategic sourcing Strategic sourcing Buyers Procurement 56

Procurement Insights

OCTOBER 6, 2023

Part 1 ) and ( Part 2 ), 2007 Onboarding is critical, as is supplier performance measurement. ” – Yes, Virginia! There is more to e-procurement than software! From this standpoint, the recent digital developments – including the use of AI to provide suppliers with a seamless onboarding process, are very impressive.

Suppliers 52

Suppliers Buyers Procurement strategies Import 52

Procurement Insights

SEPTEMBER 17, 2022

In one of my very first blog posts in 2007, I covered a Geraint John ‘s CPO Agenda roundtable discussion in which senior global execs said that “one strategic business thinker with the right skills and capabilities is worth 10 or 12 of your normal, run-of-the-mill purchasing people.”

Purchasing 40

Purchasing Buyers Procurement Management 40

Supply Chain Game Changer

NOVEMBER 10, 2022

2007 saw the establishment of the UK Gambling Commission (UKGC). Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Casino Secrets: How Not to Go Broke! Over the years, many things have changed. Since that time, the regulatory organization has been in charge of overseeing the whole gambling sector in the UK.

supply chain software solutions 86

supply chain software solutions Supply chain Supply Data 86

Procurement Insights

MARCH 17, 2023

“In 2007, 80% to 90% of the total identified spend was processed through the eVA initiative. In response to my post regarding the Commonwealth of Virginia’s success with eVA, Joël Collin-Demers wrote the following: I read your 2-part article on eVA you referenced the other day. These two passages stuck out the most to me.

Innovation 40

Innovation Eprocurement Procurement 40

ivalua

APRIL 1, 2020

Established in 2007, Consus is a leading procurement services provider operating across 9 countries. With a highly demanding timeline of 5 weeks, we believed that only a true partnership and strong leadership across Intalere, Ivalua and Consus was the key difference-maker in the success of this project.”. About Consus.

Contract 130

Contract Sourcing Supply Chain Efficiency Supply chain 130

Procurement Insights

MARCH 12, 2023

Despite these hurdles, between 2007 and today, the Commonwealth of Virginia ‘s eVA program was and continues to be the beacon of effective and proficient digital transformation. He said that “these apps need time to collect and synthesize data from multiple sources – even those unaffected by the exception at hand.”

Data 54

Data Supply chain Import Procurement 54

ivalua

APRIL 2, 2019

Established in 2007, Consus is a leading Procurement services provider and procurement systems integrator, operating across 9 countries. “Ivalua is proud to provide the technology to empower Procurement leaders at Pacific Drilling and hundreds of other global companies to deliver ever greater value to their organizations.”. About Consus.

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Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 100

Procurement Insights

NOVEMBER 23, 2023

Note that the date of the above report is 2022, not 2005, 2007, or 2013. But, when end users do not adopt a piece of technology, this results in wasted resources and frustration among staff and stakeholders, according to the report. We are talking about the digital transformation era and the emergence of AI. (In

Suppliers 62

Suppliers Buyers Risk management Supply Chain Optimization 62