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Below is Part 6 of the 7-Part Dangerous SupplyChain Myths series , where I provide an extensive breakdown of the ISM, CAPS, and AT Kearney report originally released in May 2007. Are you in the software business or the procurement business? In this situation the software errantly becomes the focal point.
Below are the oldest procurement blogs identified from the web results, ranked by their earliest documented or implied launch date, with details on their content, longevity, and relevance to procurement professionals. Content: Covers procurement technology (e.g., organizational founding, industry presence).
Here is the link to everything I have written about spreadsheets in the Procurement Insights blog since 2007. So, here is the big question: Is procurement’s use of spreadsheets on the decline? Percentages are approximate, reflecting global organizations across industries, with a focus on procurement.
EDITOR’S NOTE: More than two decades ago, the foundational elements for successfully utilizing advanced, self-learning algorithms to optimize the procurement process using an agent-based model were well established. Monte Carlo) used to determine supplychain optimization. If so, what was it? I hope this helps.
EDITOR’S NOTE: The following is a reprint of the March 25th, 2015 article The Impact Of An M&A On The Procurement Department This morning I read a post by Roz Usheroff regarding the just announced merger between Kraft and Heinz, and how an employee can both survive and thrive when an M&A occurs.
EDITOR’S NOTE: Technology has and will continue to evolve from punch cards, floppy disks, and CP/M to Windows, Zettabytes, and AI; the one constant piercing the timeline is that technology alone has little to do with digital procurement success, but stakeholder communication and collaboration.
Regardless of the reasons or for that matter the degree, of the pending talent crunch or vacuum as I like to call it, a successful procurement practice is built upon the commitment (some would say passion) of its personnel. And this brings us back to why 75 to 85% of all e-procurement initiatives fail.
Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.
EDITOR’S NOTE: This post was originally published in the Procurement Insights blog on December 3rd, 2007 – almost 16 years ago. I t was a very ambitious project with an equally ambitious outcome – driving 21st-century procurement. As Cisco’s Senior Director, SupplyChain Management Kin Ching “K.C.”
As a result, they avoided the trap of eVA becoming a software project, as Bob put it, and were thereby able to shift the emphasis from an exercise in cost justification to one of process understanding and refinement. The 75 to 85% e-procurement initiative failure rate gives testimony to this fact. – Yes, Virginia!
The following response from a procurement industry veteran suggests that it is more FUD or FOMO than accurate. Will 80% of all procurement roles be gone by 2035? While some experts suggest that up to 40% of jobs globally could be automated by 2035 axios.com , others project a more modest impact on procurement-specific roles.
With a decade hallmarked so far by constant disruption, consumers are more aware of supplychain and how industry shortages , the gender gap in supplychain, and climate events impact their daily lives and local communities. A term that once only resonated with industry insiders is everywhere.
EDITOR’S NOTE: In 2007, I wrote what is still one of the most popular posts on this blog: “ The Ariba Interviews: Re-engineering the Future ofOn-Demand. If you want to read everything I have written about Ariba over the past 18 years, you can access the Procurement Insights archive through the following link: [link].
Origins of ERP ERP is a software system that helps organizations streamline their core business processes. In addition to manufacturing or production, ERP then expanded to include finance, accounting, order management, supplychain management, payroll, and HR. In this article, we discuss most of the leading ERP systems.
This year, I will be closing in on the 2,000th blog post on Procurement Insights dating back to May 2007. It is a pretty deep archive of the history of our industry – like counting the rings of an old tree. But we all know that quantity does not necessarily mean quality – or enduring relevance.
Hansens agent-based Metaprise Model directly addresses the core concerns of Chief Procurement Officers (CPOs) by combining human-AI collaboration, real-time adaptability, and ecosystem-wide integration. Example: A global manufacturer unified JD Edwards, NetSuite, and IFS workflows using agents, reducing procurement cycle times by 35%.
Before that, there needs to be a clear sourcing policy with a well-defined and understood E2E process with roles and responsibilities between procurement and relevant key stakeholders. Technology can only support the process if everybody is familiar with it.
What Is A Practitioner-Authored Case Study “As a result, they avoided the trap of eVA becoming a software project as Bob put it, and were thereby able shift the emphasis from an exercise in cost justification, to one of process understanding and refinement. There is more to e-procurement than software!
For that answer, let’s go back to a 2007 post in this blog titled “Yes, Virginia! There is more to e-procurement than software! meant that they really understood the “special needs, special rules and special challenges” associated with the procurement practice of each entity both individually and collectively. .”
Here is the paragraph: “Back in 2002, Greg Brady , a supplychain visionary, and Ranjit Notani , a pioneer in multi-enterprise collaboration technology, came to the conclusion that the traditional paradigm of business-to-business collaboration built around enterprise-centric software was fundamentally flawed.
FIRST, SOME BACKGROUND INFORMATION In August 2007, I wrote an article titled “Procurement’s Expanding Role and the Executive of the Future.” ” The article focused on the 2006 CPO Agenda London-based panel discussion asking, “Are there any limits to procurement’s role?”
Editor’s Note: The following response/post was inspired by another interesting LinkedIn share by Joël Collin-Demers under the heading: “Standing up a new centralized Procurement department is a tough gig.” In these, as well as other examples, while a consideration, the software that was in place was of little consequence.
I love public sector procurement. It would be reasonable to suggest that it is a market I have engaged extensively – especially in the first decade of the Procurement Insights blog. From a government procurement standpoint, September should be an exciting and insightful month.
Editor’s Note: Okay, I am a year early as the song talks about partying like it’s 1999, but when it comes to AI and procurement, 1998 is more applicable. Also, AI can locate potential risks in the supplychain, such as disruptions due to weather events or geopolitical factors.”
When you use an agent-based model, here is the result: “As a result, they avoided the trap of eVA becoming a software project, as Bob put it, and were thereby able to shift the emphasis from an exercise in cost justification to one of process understanding and refinement. ” – Yes, Virginia!
As you read this post originally published in May 2007 about “enabling technology and the emergence of the metaprise,” can the three-stage implementation framework be as successful today as it was back then? The Dangerous SupplyChain Myths series was based on my review of the ISM, CAPS and A.T.
In the November 3rd, 2023, SupplyChain Game Changer article “How SupplyChain Innovation Propels Startups to Unicorn Status!” ” – Procurement Insights (May 2011) How many service providers today offer a “guaranteed” return? Choosing The Right Unicorn (Service Provider)?
Imagining the SupplyChain of the Future! At SupplyChain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series at SupplyChain Game Changer.
To get some answers for S&OP practitioners, Niels van Hove founder of SupplyChain Trend, interviewed a group of S&OP leaders. SupplyChain Trend will publish a weekly Q&A with these S&OP leaders. Being early in my supplychain career, I thought this should not be too bad to do.
In truth, it is really a one-way conversation in which we all lament the inherent dangers and shortfalls of using spreadsheets and emails to procure goods and services but continue to use them. That’s an average of 1.266 posts per year since I launched this blog in May 2007. ” Guest Author Glenda Leatherman.
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).
Procurement Media through the Years - Jon Hansen from Procurement Insights. This episode, we've got a guest who's been talking about procurement for decades. With a long-standing blog and a podcast that goes all the way back to 2009, it's Jon Hansen of Procurement Insights – the original procurement podcaster.
Editor’s Note: Since May 2007, I have written approximately five weekly posts on this blog – that’s a lot of writing. So, when posts – such as the reprint of the one below from January 2009 generate interest today, I am curious why.
While dealing with the ongoing inflation, companies must navigate supplychain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. Using effective spend management software can help you keep track of upcoming payments and revise your procurement process.
We earned over 100 software patents (24 with my name), secured leadership positions in 150+ analyst reports, and went toe-to-toe with SAP! A Great Journey Not long after I launched this blog in May 2007, Dave Stephens contacted me about sponsoring Procurement Insights.
ProcureTech Investments: Market Growth: The procurementsoftware market was valued at $8.65 thebusinessresearchcompany.com Adoption Rates: A significant majority (83%) of Chief Procurement Officers have prioritized digitizing their procurement processes, underscoring the growing emphasis on ProcureTech solutions.
In the third and final AI Gideon Gartner interview question, I ask the following using the RAM 4-Model Assessment Framework: Who is better aligned to serve the procurement industry’s and practitioners’ best interests: Eugene A. Gartner serves 14,000 enterprises globally, including procurement and supplychain leaders.
“What is most interesting about Zycus tremendous growth rate is that it is indicative of the evolution (some would even suggest fruition) of a trend first presented in a Procurement Insights post from August 31, 2007.Titled “ So, what is a ProcureTech bolt-on solution? .” What is a ProcureTech APP?
” – Procurement Insights (2024) ERP Agent Swarms refer to the use of multiple autonomous, intelligent software agents working collaboratively within an Enterprise Resource Planning (ERP) system. Adaptability: Agents respond quickly to changing conditions, such as supplychain disruptions or sudden changes in demand.
1999 – I introduced the Metaprise model (RAM) 2007 – In Dangerous SupplyChain Myths (Part7) , I write about the Metaprise in greater detail, including the results of its implementation in a production environment (Department of National Defence). Hansen ( 4 ).
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