Last week I spoke with Donna Wilczek, Coupa’s VP of Strategy and Product Marketing, about the mid-January announcement that Coupa had acquired Contractually, described in the press release as “a cloud innovator based in Vancouver, Canada that helps reduce businesses’ reliance on antiquated processes or inadequate technology tools to version control or redline contracts.”
And… we’re back to a packed week of webinars. There is a little something for everyone - some risk, some contract management, and some analytics. Click on the title of each event below to view the full description in our events calendar and to connect to their registration pages.
Last week I attended an excellent supply chain risk management webinar sponsored by the Next Level Purchasing Association and featuring a global supply chain manager from a Fortune 500 company. The event followed the story of this particular corporate supply chain through the 2010 tsunami in Japan (you can click here for my notes).
One of the lessons this particular company learned was about finding the right place for addressing the human side of a very complicated business issue. I was impressed with the efforts they had made, particularly for such a large company. A thought started to form in my mind: what contract clauses were put aside in order to have an appropriate response to the devastation while not creating serious business continuity issues?
This week’s webinar on legal process outsourcing by SIG was an interesting look at a profession in much the same position as procurement; legal departments are cost centers whose responsibility can be fairly clearly divided into strategic and tactical responsibilities, leading corporations to outsource some of the work in order to minimize overhead. You can read more about the parallels between legal and procurement in my recent blog post ‘Professional Responsibility in Procurement’.
As you’ll read more about on Friday, this week’s BMP event pick is the Ethics of Legal Process Outsourcing presented by Sourcing Interests Group. As a tie in, today’s Wiki-Wednesday topic is “Professional Responsibility” – mostly because the phrase “competent representation” doesn’t exist as a Wikipedia page. Without stealing all my own thunder for later in the week, the event was very interesting, and it gave me an opportunity to consider some parallels between the outsourcing of legal services and procurement’s contribution to an organization.