Invoicing & Payment,
Spend Analysis & Benchmarking,
Supplier Relationship Management,
B2B Social Media: Online Supply Communities, Open Innovation, SM B2B Marketing, SM Customer Driven Support
Industry Groups: Construction, Defence & Aerospace, Education, Financial Services, Healthcare, Manufacturing & Automotive, Public Sector, Resources, Retail & CPG/FMCG, Utilities
Categories / Commodities: Business Travel, Capital Equipment, Construction & Building, Electronic & High Tech, Fuels & Lubricants, Managed Print Services, Marketing & Advertising, Metals & Minerals, Office Suppliers, Services Procurement, Supply Chain Management, Transport & Logistics
Procurement People: Careers, Leadership, People on the move, Talent Management
Articles in category: Online Supply Communities
How can your organisation act in ways that make your important suppliers more willing to engage in joint innovation? It is about your behaviour and the level of trust and sharing with suppliers.
Collaborating with your key suppliers can fuel your growth, differentiate your products and improve speed to market. They have great innovation potential, because they know what is important to you, their customer.(Read Full Article)
In February 2015, MarketSqr Supply Network will be presenting the inaugural Procurement Africa e-Conference, themed “Procurement without Borders”.(Read Full Article)
The security of the internet is an on-going concern. Whether you're online for fun, or you're conducting business, there are all manner of pitfalls you may encounter. Issues such as viruses and malware are now widely known about, but these are far from being the only security issues to concern yourself with.(Read Full Article)
In a world where technology rules, simplicity is key. The easier it is to use a piece of technology, the more it will be used.
We have been working hard to make MarketSqr easier to use and we are really excited to start sharing this information with you. We will share more detail in the coming days leading to our upgrade next week.
The imminent big change to our site also comes with a fresh new look. No more content pages that redirect and confuse you. We hope to bring you a clean cut website that makes navigation and interaction ...(Read Full Article)
Facebook’s acquisition of WhatsApp for a reported $19 billion (£11.3 billion) shows how procurement can get involved in high-risk high value projects, such as IT systems and major capital expenditure. Here are three points to inform your thinking: • Cost, price and value. The acquisition price of $19 billion has very little to do with cost because WhatsApp employs about 55 people and charges 69p in the UK for an annual service – it’s free for the first year.(Read Full Article)
As more and more startups like Airbnb, Etsy and Kickstarter crowd into the space of the collaborative economy, big brands are starting to get in on the action, too. Staples sells products developed on Quirky; Avis has acquired Zipcar; Walgreens has partnered with TaskRabbit for delivery.(Read Full Article)
One of Procurement Leaders’ members is keen to learn more about supplier portals from the community and the scenario he posited gave insight into what can be a tricky area for functions.
He posed a question asking for advice from members about whether they are using a supplier portal and if so, whether it was custom built. He also wanted to know the best version of xml to use, and any advice about the Global Upstream Supplier Initiative (GUSI).
Whether the short term pain of introducing a specific new technology is outweighed in the longer term by cost and process ...(Read Full Article)
We all want to be at the top of our industry. To achieve that we are today just as dependent on exceptional supplier relationships as we were fifteen years ago. It as become a lot easier yet still only a few organisations get this right. Consider the example of how Honda and Toyota started dominating the US auto market in the nineties. Applying these principles are just as valid now but more achievable through the communication habits and tools at our disposal today.(Read Full Article)
The use of social technologies in Procurement and Supply is in its infancy and holds tremendous potential for greater collaboration and improved efficiencies.(Read Full Article)
In 2011, Aldelante conducted a survey of supply chain executives and asked them what the impact of social media sites would likely be in the future. Half of the responding executives indicated social media would change the supply chain in positive ways, one-third answered that it would make supply chain processes more responsive, efficient, and effective, and 17.5 percent believed social media would have no significant impact on the supply chain. In all, 80 percent of the executives believed social media would have a significant impact, and none of the responding executives believed the impact would be negative. Fast ...(Read Full Article)
Everyone knows that times are tough and times are toughest for small businesses. They’re faced with obstacles that can seem insurmountable – paperwork, regulation working capital costs. But there’s one obstacle above all others that can strike fear into the every small business – the late payer. They are a scourge. Over years, an obsession with the optimisation of DPO (that’s accountant-speak for funding your business at the expense of your smaller, weaker suppliers) has become a central financial strategy for many large organisations.(Read Full Article)
Many people were aghast when Microsoft forked over a hefty $8.5 billion in May of 2011 to purchase Skype. The software giant took awhile to get going with its new toy, but now we are starting to see the results. Microsoft announced a brand new platform set to improve communications for small business. Skype in the workspace connects these companies to customers, partners and suppliers all around the world. The best part may be the price -- "It's a free-to-use online platform for small businesses and entrepreneurs" states Skype's Ural Cebeci. So far, so good. Microsoft provides experts ...(Read Full Article)
Calling it an idiot's guide is fairly safe. I'm unlikely to offend anyone. The fact that you're reading this confirms you're not an idiot. There has been some pretty high profile research into the power and effectiveness of social media. McKinsey estimate that it's worth $1.3 trillion in terms of the extra value that the global economy can extract through it's use. And we do see it used effectively.(Read Full Article)
Companies are bartering everything from cars to jet fuel to legal services.The International Reciprocal Trade Association reports that in 2011 over 400,000 companies worldwide used bartering to earn an estimated $12 billion on unwanted or underused assets. Our Global Trends research, along with discussions with senior executives around the world, show that in response to tighter credit and budgets companies are exploring new ways to create and capture value.(Read Full Article)
How do individual professionals in procurement or finance use social media in a professional context?
Whether you know it or not, you are already using social media effectively. Blogs such as Purchasing Insight, Spend Matters, Sourcing Innovation, Accounts Payable News etc, etc, represent an important social medium through which experts can provide insights, commentary and stimulate valuable debate and discussion. Not everyone gets it of course and for those who don’t, as well as for those who only half get it, knowing where to start and what to do is a challenge.
Calling it an idiot’s guide is ...(Read Full Article)
Digital communities and the technology underlying them have changed the world. As consumers, we are more connected and enabled to shop, share information, and make better decisions than ever before. And these technologies are having a similar impact on procurement.(Read Full Article)
For CEOs who are trying to decide whether participating in social media is worth their time, there's new research that could help tip the balance. The new report from CEO.com and business intelligence firm DOMO notes that social media is more pervasive than ever among consumers: 50% of the population currently uses Facebook, and more than 37% use Twitter. Yet among Fortune 500 CEOs, the report says, only 7.6% are present on Facebook........(Read Full Article)
Purchasing professionals are notoriously slow on the up-take on social media. Perhaps understandably for a function that is a risk advice back-office. Buyers do not require the publicity that Twitter brings, and conducting confidential commercial discussions in the public arena is considered inappropriate at best.(Read Full Article)
P2P systems integration is one of the top enablers (and requirements) for driving lasting eProcurement impact and change. Yet precious little research focus has been devoted to it in the past, until now, with our latest Spend Matters Perspective: Pro...(Read Full Article)
Purchasing Insight just ran an awesome article by Ian Burdon who talked about the e-wheels on my wagon. Attempting to carefully explain why the e-Procurement debate is at least ten years behind the curve (and that if you're not doing proper e-Procurement by now, you probably just crawled out of a cave somewhere ... or at least that's the doctor's interpretation), he makes a great point that has been often missed in the internet age that must be repeated: ...(Read Full Article)
Picture yourself as an Executive in 2017, struggling to make sense of how many of your peers failed to become social. Many of them pushed aside by their more savvy underlings who built up both internal and external social networks. Their large networks wield tremendous power, collective intelligence and the ability to influence both employees and customers. Many of the executives that didnât adapt were caught in a type of âvocational innovatorâs dilemmaâ; where they stubbornly refused to(Read Full Article)
A new survey from global advisory firm KPMG has suggested that the continuing sluggish recovery in the global economy was driving manufacturers to seek new approaches to innovation and collaboration across the value chain.The ‘2012 Global Manufacturing Outlook: Fostering Growth through Innovation’ stated that globally, manufacturers were looking to improve their processes and existing products over the next 12 to 24 months through increased ‘process innovation’ and ‘incremental innovation’.(Read Full Article)
Telecommunications firm Deutsche Telekom has announced the launch of a new machine-to-machine (M2M) marketplace to ’bring together global supply and demand’. The new website enables manufacturers and dealers from around the world to sell their machine-to-machine communication hardware, software and applications.(Read Full Article)
Cloud, mobile apps, iOS, social media... leave me alone! What in the world does this have to do with procurement and sourcing, you ask? Good question, and as a former skeptic let me share some thoughts. First, let's look at iOS – this is the operating system driving iPad, iPhone, iPod and other Apple products..(Read Full Article)