Procurement Insights

SEPTEMBER 2, 2024

Answer today’s question, then read these two Procurement Insights posts: Dangerous Supply Chain Myths (Part 7) | Procurement Insights (July 4th, 2007) Are you chasing solutions or solving problems? Part 1 of 3) (October 23rd, 2023) Now, answer the question again? Did your answer change? Mine didn’t. 30 Weird Science?

Data 52

Data Procurement Supply chain Supply 52

Procurement Insights

MAY 25, 2024

Part 1), Procurement Insights (September 12th, 2007) I wrote this blog’s first post on May 18th, 2007. A Commentary) (December 5th, 2007) Johnson & Johnson (ranked #5) – first post: Pharma Supply Chains (Part 1): A problem of focus versus avarice? – Yes, Virginia!

supply chain software solutions 81

supply chain software solutions Supply chain Supply Procurement 81

Procurement Insights

NOVEMBER 4, 2024

It is this latter “twist,” if you can call it, that has enabled the optimization process to extend beyond the limitations of execution boundaries referred to in a May 2007 article that appeared in Supply Chain Digest titled Supply Chain Optimization versus Simulation. I hope this helps. Reference Links: [link] 30

Supply Chain Optimization 59

Supply Chain Optimization supply chain software solutions Supply chain Data 59

Procurement Insights

FEBRUARY 25, 2024

Product Recalls Surge 11% in 2023 to Hit Seven-Year High,” I had not written a post about product recalls since August 2007. Barbie and Hot Wheels Revisited Before moving forward to 2024, let’s revisit the case study I cited in my 2007 article. Perhaps this explains why no one is writing about it.

Supply chain 87

Supply chain Import Supply Influencing 87

Procurement Insights

FEBRUARY 12, 2024

Part 1) (September 12th, 2007) To be clear, a Practitioner-Authored Case Study does not mean that it has been written by a practitioner – although it can be. 2007 – Commonwealth of Virginia’s eVA – Yes, Virginia! The 75 to 85% e-procurement initiative failure rate gives testimony to this fact.”

supply chain software solutions 75

supply chain software solutions Procurement Collaboration Supply chain 75

Procurement Insights

MAY 20, 2024

Here is an example of true “success tracking:” September 12th, 2007 – [link] (first Virginia post) April 4th, 2014 – [link] ( Forrester Wave Report on eVA) May 14th, 2024 – [link] Between 2007 and 2024, I tracked Virginia through several new Governors and senior staff changes internally.

Data 81

Data Procurement 81

Procurement Insights

JANUARY 3, 2024

However, my 2007 series, Dangerous Supply Chain Myths, has stood the test of time. Here are my thoughts. I know I will sound like a broken record here, Mathew Schulz.

Supply Chain Efficiency 72

Supply Chain Efficiency Purchasing Procurement Supply chain 72

SCMDOJO

FEBRUARY 19, 2024

Adapted from Ehrlich (2002); Stamatis (2002); George (2003); Bendell (2006); Bhuiyan et.al, (2006); Andersson et.al, (2006); Arnheiter and Maleyeff (2005); Nonthaleerak (2005); Kumar (2007); Magnusson et.al, (2003) Read more on Top 15 Lean Six Sigma Books to Level Up Your Continuous Improvement Efforts & Strategy on our website SCMDOJO!

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Quality Supply Chain Optimization 98

Procurement Insights

NOVEMBER 20, 2024

Have a read of this post I wrote in 2007 regarding what is now happening with companies like Focal Point and ConvergentIS – [link] There are only two main categories of solution providers – AI operating system providers and AI front-end functional providers.

Data 52

Data Supply chain Supply Procurement 52

Procurement Insights

AUGUST 16, 2024

2007 – [link] “Process understanding starts and ends with the premise of centralized visibility and departmental empowerment. “It EDITOR’S NOTE: The following is my response to Laura Barrett’s very good post about SRM and centralization versus decentralization. To start, here is an excerpt of a post I wrote in Sept.

Procurement 52

Procurement Supply Chain Efficiency Management Supply chain 52

Procurement Insights

APRIL 13, 2024

On April 23rd, Vineet Khanna , the former Global Head of Supply Chain at Nestlé , will share his roadmap to Supply Chain Orchestration Success. In the meantime, these are my thoughts; please share yours.

Supply chain 69

Supply chain Supply Purchasing Supply chain management 69

Procurement Insights

OCTOBER 30, 2024

One Final Note I forgot to mention that the above text is an excerpt from a Procurement Insights article I posted on August 1st, 2007. And this brings us back to why 75 to 85% of all e-procurement initiatives fail. When it comes to talent and technology, have we really made any progress heading into 2025?

Leadership 75

Leadership supply chain budgeting Purchasing Budget 75

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 72

supply chain software solutions Supply Contract management Supply chain 72

Spend Matters

FEBRUARY 12, 2024

Supply Risk Solutions (SRS) was founded in 2007 to address these issues for the semiconductor and healthcare industries. Imagine relying on a single supplier for a critical component — if they face a problem, it could jeopardize your entire production process. It tracks geopolitical risk, natural disaster risk and financial risk.

Risk management 102

Risk management Risk Suppliers Management 102

Procurement Insights

DECEMBER 28, 2023

For that answer, let’s go back to a 2007 post in this blog titled “Yes, Virginia! Revisiting the 2007 Cisco Post in 2023)” to see if my Virginia eVA review stood the test of time. My answer has always been the same – always try to choose successful clients. There is more to e-procurement than software!

supply chain software solutions 78

supply chain software solutions Supply Chain Optimization Supply chain Demand 78

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.

Raw materials 195

Raw materials Bidding Contract Suppliers 195

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 87

Procurement Supply Chain Efficiency Buyers Quality 87

Procurement Insights

MAY 27, 2024

For those following this blog since 2007, the above text will likely tweak a few recalls of the much-repeated words I used to describe how I developed my company’s platform in the late 1990s – early 2000s. Businesses must take an outside-in-network view and together serve the end consumer.

Real-time Visibility 81

Real-time Visibility supply chain software solutions Supply Chain Efficiency e2e 81

Procurement Insights

AUGUST 25, 2024

Hansen – I know you will have to dwell on this for a bit to figure out how to write the masterpiece that’s coming … Michael Lamoureux, LinkedIn comment (August 25, 2024) Joël Collin-Demers cc Michael Lamoureux I have a great deal of respect for Tim Cummins ‘ opinion, which is why what he wrote below about a year after I started (..)

Import 52

Import Procurement Supply chain Supply 52

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 45

Procurement supply chain software solutions Supply chain Supply 45

Procurement Insights

OCTOBER 11, 2024

2007 – [link] “Process understanding starts and ends with the premise of centralized visibility and departmental empowerment. “It Here is just one upcoming conference you will want to check out – [link] bit.ly/3BPwmJi 3BPwmJi Look for these companies and drop the Gen from GenAI to achieve success.

Risk 52

Risk Supply Chain Efficiency Price Procurement 52

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.

Supply chain 81

Supply chain Procurement Purchasing Risk 81

Procurement Insights

AUGUST 11, 2024

Refer to my Dangerous Supply Chain Myths (Part 7) post from 2007. Even Generative AI can’t replicate an agent-based model—people have to do it! Hints: Time of Day orders come in, policies and practices of other departments, and external stakeholder considerations to start.

Data 52

Data Supply chain Sourcing Suppliers 52

Procurement Insights

JULY 30, 2024

A great ‘companion piece’ to this is the recent and engaging discussion between Gartner ‘s Thomas O’Connor and AZ’s Matt Winterman (‘How AstraZeneca Adapts Strategic Decision Making for Resilience’: [link] ) My Response: Regarding regionalized supply chains – they say a picture is worth a thousand words, (..)

Supply chain 59

Supply chain Innovation Strategy Supply 59

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 72

Buyers Procurement team Quality Contract 72

Procurement Insights

SEPTEMBER 28, 2023

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

Supply 69

Supply Networking Procurement Buyers 69

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.

Data 64

Data Buyers Price Management 64

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 75

Category management Sourcing Procurement Management 75

Procurement Insights

SEPTEMBER 27, 2024

Part 1) (September 2007) Assignment Instructions Open ChatGPT. And while the Ariba application has done the job it required, eVA’s effectiveness has little to do with the technology and more to do with the methodology the Virginia brain trust employed.” ” – Yes, Virginia! There is more to e-procurement than software!

Import 52

Import Procurement Price 52

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 75

Contract Procurement Buyers Purchasing 75

Procurement Insights

AUGUST 30, 2024

Check out my profile, and you can read the audience reviews dating back to 2007 when I joined LinkedIn. A handful of solution providers held conferences where, over a 90-minute session, I would be afforded the same freedom to speak my mind and engage the audience with a microphone.

Supply chain 52

Supply chain Procurement Sustainability Risk 52

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 84

Procurement supply chain software solutions Purchasing Sourcing 84

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 84

Budget Collaboration Contract Innovation 84

Procurement Insights

AUGUST 4, 2024

Why is tail spend misunderstood?

Management 52

Management Purchasing Supply chain Supply 52

Vested Way

MAY 28, 2024

In 2007 Dell participated in UT’s research on Vested outsourcing. GENCO (now part of FedEx Supply Chain Services) was considered a pioneer and market leader in reverse logistics, providing triage, test and repair, remarketing and product liquidation solutions.

Supply chain 52

Supply chain Supply Contract Logistics 52

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

MAY 15, 2024

Here is an example of true “success tracking:” September 12th, 2007 – [link] (first Virginia post) April 4th, 2014 – [link] ( Forrester Wave Report on eVA) May 14th, 2024 – [link] (Most recent Viginia post) Between 2007 and 2024, I tracked Virginia through several new Governors and senior staff changes internally.

Buyers 40

Buyers Influencing Procurement Demand 40