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In 2004, I wrote a paper called Acres of Diamonds, in which I first introduced the concept of two commodity characteristics: Dynamic Flux and Historic Flatline. QUESTION 1: How do indirect MRO parts pricing trends compare to direct materials over time? Sensors & Switches, Industrial Valves, Electric Motors, Bearings, etc.)
In 2004, Dove revolutionized skincare marketing by launching their ‘Real Beauty’ Campaign. Celebrated for the decision to represent women of. The post Dove’s Real Beauty Campaign: Evolution of a Social Message appeared first on Art of Procurement.
Research indicates that a significant portion of a truck’s time is spent idle or empty (McKinnon and Ge, 2004; IGD, 2003). Food Transport KPI Survey 2004. However, it requires specific data that might not be readily available. Road Freight Transport and the Environment. Supply Chain Benchmarking 2003. Kearney, A. Mackie, P.
An Illinois federal jury found Cal-Maine and other egg giants liable for limiting the supply of the protein in 2004-2008 in an effort to drive up costs. Damages are set to be awarded to companies such as Nestlé, Kraft and Kellogg.
Since 2004, Canada has benefited from the establishment of the Canadian Aboriginal and Minority Supplier Council (CAMSC) that has worked tirelessly to ” facilitate business relationships with Canadian corporations and supplier organizations owned by Aboriginals and minorities.” Agile Procurement in Canada.
” In 2025, I will say the same thing I did in 2004: you don’t have to wait until 2075 to effect “immediate and beneficial change in your procurement practice.” ” The best way to do that is to stop chasing the technology and start using it within the framework of a human-led, agent-based Metaprise model.
Rosslyn has been a player in the spend analytics space since 2004, and it is one of the only publicly traded companies in the space. They transform raw data into actionable intelligence, enabling businesses to make informed decisions, uncover savings opportunities and mitigate risks. Rosslyn provides one such solution.
Outcome : The acquisition boosted Oracles market share, applications revenue (57% growth in Q3 2004), and customer base, solidifying its position behind SAP. Regulatory and Market Perception Challenges Oracle (2005) : Hurdle : The DOJ and Connecticut sued in 2004, alleging monopolistic risks, delaying the deal by 18 months.
Spend Matters Launch Date: Early 2000s (estimated, ~2004) Overview: Founded by Jason Busch, Spend Matters is a leading procurement blog offering daily posts, research reports, and webinars on spend management, procurement technology, and best practices. Spend Matters (~2004, estimated): Comprehensive insights on technology and trade.
” – CPO | Advisor | IIT | NUS | Stanford | Exxonmobil | Chevron | E&Y (February 2025) Based on my research and work between 1998 and 2004, I wrote a paper titled ACRES OF DIAMONDS: The Value of Effectively Managing Low-Dollar, High Transactional Volume Spend. You can access it by clicking on the title page image above.
and J-P Rodrigue (2004)). This organization was renamed the Council of Logistics Management (CLM) in 1985 and the Council of Supply Chain Management Professionals (CSCMP) in 2004. Adopted from Hesse & Rodrigue 2004. Today, CSCMP has more than 14,000 members. This was reflected in the two major organizations of the time.
Since 2004, the Canadian Aboriginal and Minority Supplier Council (CAMSC) has worked to ” facilitate business relationships with Canadian corporations and supplier organizations owned by Aboriginals and minorities.” The following are just a few examples of some notable supplier diversity efforts across the globe. Agile Procurement in Canada.
In 2004, Walmart wasn’t concerned about Amazon; it was just an upstart online bookstore. Remember Walmart and Amazon in 2004 and look at them now. The organizations using powerful new sourcing technology and streamlined processes are leaping ahead, quickly leaving their competition behind. Who knows where they’ll be ten years from now?
LPG produces fewer harmful pollutants compared to diesel and offers similar performance (International Energy Agency, 2004). International Energy Agency (2004), Biofuels for Transport: An International Perspective, OECD: Paris. CNG burns cleaner than diesel, reducing emissions and greenhouse gas output (Lowe, 2007). Khare, M. &
Dragon Sourcing India is an international company based in Shanghai, China which was founded in 2004. Its product scope includes: Accessories. Dragon Sourcing India. It has offices in various countries including Mumbai, India. They are currently working with numerous international brands such as Danfoss, Volvo, and Wabco. .
” “A 2004 automotive study by the Power Transmission Distributors Association (PTDA) found that of the 45 percent of their membership’s U.S.-based based customers who have contracted vendors, 33 percent of all purchases were from non-contract suppliers.
In my fall 2004 analyses of a study on the use of web-based applications, I made the following observation: It is my position that a true centralization of procurement objectives requires a decentralized architecture that is based on the real-world operating attributes of all transactional stakeholders, starting at the local or regional level.
procurement officers) and AI agents (self-learning algorithms) for continuous data cleaning via a learning loopback process, as seen in DNDs 2004-2007 success (20% savings). Niche Perception: Hansens model, rooted in 2004 DND (Post 2), might appear dated to Mitchell, whose analyses focus on modern suites (e.g., He might argue AI (e.g.,
Here is an excerpt of a 2004 study assessment I wrote that links your The Ritz-Carlton Hotel Company, L.L.C. I share my thoughts in today’s post: Great post, as always, Mathew Schulz !
“In my fall 2004 analyses of a study on the use of web-based applications, I made the following observation: It is my position that a true centralization of procurement objectives requires a decentralized architecture that is based on the real-world operating attributes of all transactional stakeholders, starting at the local or regional level. (..)
Acres of Diamonds: The Value of Effectively Managing Low-Dollar, High Transactional Volume Spend – fall 2004.)” In other words, your organization gains control of it’s spend environment by relinquishing centralized functional control in favor of operational efficiencies on the front lines.
HICX Founded: 2004 Location: San Francisco, US CEO: Costas Xyloyiannis HICX specialises in helping organisations optimise their supplier management processes, ensuring compliance, efficiency, and transparency throughout the supplier lifecycle.
In 2004, Kasra Ferdows, Michael A. Zara who is the fashion retailer in Spain, has managed to get the attention from academics and the first case study about its strategies was published by Harvard Business School in 2003. Lewis, and Jose A.D. Machuca published the article on Harvard Business Review named " Rapid-Fire Fulfillment ".
Definitions Agent-Based Model (ABM) within a Metaprise Framework: Metaprise: Hansens concept (2004, revisited 2024) of a decentralized procurement system using self-learning algorithms and real-time stakeholder coordination. Ill critically compare these, focusing on procurements 2025 needs (e.g.,
But while the term ESG was first coined in 2004 by the United Nations Global Compact, the concept has been around for much longer. 2 In 2004, the term “ESG” became official after its first mainstream appearance in a report titled, “Who Cares Wins.”
In hindsight, Microsoft’s June 2004 play for SAP makes even more sense now, than it did back then. I often wonder how things might have been different had the June 2004 Mendocino Project materialized. If anything it is increasing.
Founded in 2004, London-based HICX serves a SaaS-based low-code platform that gives companies a single channel for onboarding new suppliers, replete with tools for capturing all the information that the various departments and systems within a company need. private equity firm Wavecrest Growth Partners and Canada’s Espresso Capital.
My Take: Many Procurement Insights articles stress continuous self-cleaning data as vital, citing DNDs success (2004-2007) where human-AI synergy cleaned supplier data for 20% savings. SNS Insider (2023): 70% of businesses use procurement software effectively, implying 30% struggle, largely due to data.
Triple-A Supply Chain In 2004, Professor Hau Lee of Stanford University published the article titled " The Triple-A Supply Chain " in Harvard Business Review. Leagility In 1999, Naylor et al. In short, you can be more responsive if you trim wastes from your current operations and become "Lean".
The impact of electronic marketplaces on the logistics industry: a conceptual framework. International Journal of Physical Distribution & Logistics Management, 30(5), 393-411. Pike, A., & Drew, D. Electronic marketplaces and the logistics industry: An empirical investigation. Transportation Journal, 43(4), 5-24. Saunders, C.,
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.
The November 2004 MOU between the State of North Carolina and its Higher Education institutions laid the early groundwork for their approach to a decentralized procurement practice. Specifically, there will be a cross-sharing of critical data, which will result in the best result for the broader organization as a whole.
In Cisco’s case, their management system called, Autotest is an indication of how the original concept from the 2004 paper seems to have evolved into a real-world practical application. At the heart of this synchronization is the visibility across the entire network that leads to a “single source of truth.”
Palantir Technology is a famous American software company established in 2004 by Peter Theil (Co-founder of PayPal). In this article, we will discuss the secret behind the growth of Palantir stock. Palantir technologies. It is a big data analytics company that works with big clients in the United States.
Acres of Diamonds: The Value of Effectively Managing Low-Dollar, High Transactional Volume Spend – fall 2004.)” In other words, your organization gains control of it’s spend environment by relinquishing centralized functional control in favor of operational efficiencies on the front lines. This is the cornerstone of agent-based modeling.”
Its fast response time, allowing new products to reach stores within 15 days, minimizes unsold inventory and enhances flexibility, giving it a competitive edge in the fast fashion industry (R.J., Improve Efficiency and Make Smart Cost Savings Cost-cutting is common during recessions, but indiscriminate cuts can damage long-term performance.
” About Brainmates : Founded in 2004, Brainmates provides professional Product Management and Marketing training and consulting throughout Australia. The day will be highly interactive, so come prepared to share insights and argue about approaches.
Read Only – 1990 – 2004 We owe the web as we know it to Tim Berners-Lee, a computer scientist who was working at CERN in Geneva, Switzerland. occurred between 1990 and 2004. Read-Write – 2004 – Present Web 2.0 The History of the Web as We Know It Most of us think of the web as part of Modern Life.
Lee 2004 had a different opinion. Multi-dimensional view of strategy took place in 1999 in the paper " Leagility: Integrating the lean and agile manufacturing paradigms in the total supply chain " by Naylor et al. The idea is to try to excel at 2 strategies (lean/agile) at once. Triple-A Supply Chain.
In 1994, the National Gambling Act was introduced and was later revisited by the legislator in 2004. It has seriously prohibited all forms of gambling since 1673. And the restrictions were enforced until 1994! As the current legislation stands, offline gambling is completely legal and regulated in the country. So is online sports betting.
Lee (2004) proposed the concept of a new Triple-A supply chain for Walmart and other companies in the 21st century. 2004): The triple A supply chain. This misalignment can lead to excess inventory, increased carrying costs, and potential stockouts. References: Lee H.L. Harvard Business Review”, Vol. Nguyen T.T.H.
This technology has been around since 2004, but its adoption has been slow, with an estimated 70% of businesses still not implementing it properly. The Impending Deadline: Google and Yahoo’s New Regulations Now, the major email providers are taking action.
It was back in 2004 in Romania – I am Romanian – and at the time I was working as a Marketing Assistant at British American Tobacco. When did your interest in procurement and supply chain begin?
” In an influential study, it was shown that diverse groups of low-ability problem solvers can outperform groups of high-ability problem solvers ( Hong & Page, 2004 ). Simply put, when the diversity in a group is large, the error of the crowd is small — supporting the concept of “the wisdom of the crowd.”
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