Spend Management: Don’t let the tail wag the dog Spend Management: Don’t let the tail wag the dog – Procurement must get control of the long tail of spend to avoid the loss of value this distraction can impose on the strategic end of spend management: As the pressure on supply management increases, so too does the demand … Read More
Sellers or Buyers contract in IT – the legal view?
Should you use the form contracts of the vendor or the customer when outsourcing information technology? This is the question the editor of The Metropolitan Corporate Counsel asked in an interview with Paul G. Madison , Partner, Kelley Drye & Warren LLP. This is a subject dear to my heart and one I have commented on in previous post. Madison … Read More
Procurement Takes the Stage on Capital Markets Day Events:
As the credit crisis evolves into the new normal, credit has become tighter and one outcome investors and regulators will almost certainly demand is more transparency into the strategy and crucially, the underlying operating and financial performance of companies. Investors are increasingly aware of the impact that procurement and the supply chain can have on overall company performance in supporting … Read More
Linking SRM to Open Innovation
Linking SRM to Open Innovation Linking SRM to Open Innovation – www.InnovationManagement.se described: “Three Levels of Open Innovation Maturity”. It show’s the close correlation between SRM and Innovation and describes three levels of maturity: Level 1: Externally Aware: Level 1 companies recognize that external ideas and capabilities are valuable in the innovation process. They partner with suppliers and customers throughout … Read More
Procurement: Take control of costs
Now is an excellent time for procurement heads to show their leadership skills and take ownership of the money-saving agenda. As most major economies emerge from recession, CEOs and business leaders are cautiously planning for the next growth cycle. The winners in this cycle will be the companies that focus on enhancing customer value while eradicating costs that don’t match … Read More
Procurements Reporting Lines: He who would be king?
The CFO & CPO are increasingly seen as CEO’s in training. Yes? Companies such as Wal-Mart, Chrysler and Merck have had CEO’s who had been CPO. This new prominence places the CPO in direct competition with the CFO and other CXO’s for the corner office position. However, that the CEO still predominantly delegates responsibility for supply to the CFO suggest … Read More
Whistler Blackcomb – Could Strategic Procurement have helped?
As the debt laden Fortress Investment Group who purchased the resort’s operator Intrawest LLC struggles to repay $1.7bn loan, the Winter Olympic Games host resort faces uncertain future. Intrawest has undergone widespread decentralisation – fragmenting their procurement leverage and embarked upon a resort garage sale. Had the company invested in developing its procurement capabilities to take control of cost a … Read More
Customer Centric Procurement:
Customer Centric Procurement: Customer Centric Procurement: Companies everywhere proclaim themselves as customer focused and publish statements in their corporate brochures emphasising their commitment to a customer-centric business model, both externally and internally. However, many of these companies have yet to back these statements up by investing in the core capabilities, processes and systems necessary to maximize the opportunity to deliver … Read More
Navigating Uncertainty
CEO’s are managing in uncertain times – their CPO can play a key role in helping them succeed CEO’s are having to rethink their business strategies in the uncertain times that are the ‘new normal’. Their strategies, usually centred around certain business assumptions or “indisputables” that are driving growth are being tested. None more so than ‘how consumers spend’. … Read More
2010: Lessons for the Recovery
Its the time of year again where we take a look back and try and assess the last 12 months and think ahead to what awaits us in 2010. In that spirit, we take a look at what we believe represent some of the most important lessons to take into the year ahead: 1. “Collaborate”: In November we reported how … Read More