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"The Point" is written by BMP Editor Kelly Barner as well as a diverse group of guest contributors.

Webinar Notes: The Future of Procurement Technology: Portable, Powerful, Pivotal

This week’s webinar notes are from a July 25th webinar hosted by the Next Level Purchasing Association and presented by Santosh Nair, GEP’s Vice President of Client Services and Innovation. Although the on demand version is only available to NLPA premium members, you can read what they had to say about SMART by GEP in this recent blog post.

Despite the changes being seen in the consumer technology marketplace, enterprise solutions have been slow to take advantage of the growing availability of mobile technology. As demand increases for Smartphone and tablet solution accessibility, enterprise solutions in general, and procurement solutions in specific, will need to change at a rate faster than they have in the past.

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Camelot and Procurement

One of my favorite movies is Camelot. I love the story and the music. One of the songs is the Seven deadly Virtues which mocks all the good things in someone's character such as honest, courage, humility and so on.

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Olympic Fever: Speed of Execution

The world has been captivated by the Winter Games in Sochi for 17 days. Our family is glued to the events every evening. When they conclude on Sunday, there will be significant withdrawal in our household and many others next week for sure.

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Sustainable Sourcing

Sustainable sourcing is a common theme in procurement today. Many organizations are looking to reduce their impact on the environment and shrink their carbon footprint.

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How to make the job easier

When we embark on a home improvement project, it is good to have all the appropriate tools and supplies. We inevitably are missing something or several things and that requires multiple trips to go procure them. It slows the process and adds expense. Alternatively, we have gotten too much of something which is a waste of funds and adds to the complexity when we want to dispose of the excess.

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Blog Pick of the Week: Problem with your Droid?

Not that long ago, that quote would have only meant you were a Star Wars geek and referencing the two robots in the movies – R2D2 and C-3PO. Now of course it means your Android smart phone. Hopefully nothing is wrong with that!

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Are you a Sourcing Sensei?

 Are all leaders created equal? Does it matter if they are technically savvy about the area they are leading?

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Wilderness Survival - First time every time

Surviving in the wilderness is something many of us will never have to experience. Unless you use it as an analogy in our professions which can sometimes fell like we are lost in the forest.

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Blog Pick of the Week: Nurture the Growth

In the Northern Hemisphere, the first day of Spring was 3/21. Sometimes that day feels like everything is waking up and beginning to grow. Other years, there is still snow on the ground and quite chilly.

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Blog Pick of the Week: How did it get so late so soon?

How did it get so late so soon? It’s night before it’s afternoon. December is here before it’s June. My goodness how the time has flewn. How did it get so late so soon?
~ Dr. Seuss

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Blog Pick of the Week: Any other Cliffs Threaten Procurement

A few weeks ago, we talked about the pending Fiscal Cliff issues in the United States. Those have since been partially resolved.

What other issues might impact procurement? Are there any other cliffs out there to disrupt the supply chain or delivery cycles?

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Webinar Notes: Strategic Sourcing in Mergers & Acquisitions

This week’s featured webinar comes from the Global eProcure webcast library. If you are interested in viewing this or their other webinars, click here to select a webinar and provide some basic registration information to view.

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Blog Pick of the Week: Six Traits of Procurement Excellence

Definitions of excellence are constantly changing. A friend of mine is in rehab, gaining strength and learning to walk again. A few years ago, hiking, swimming and running was no big deal. Now it is excellent for them to walk down the hallway without resting. 

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Where Do You Stand on the Use of Rabbits in Strategic Sourcing?

Sometimes the most interesting part of a blog post is the comment thread that follows it. Such was the case with a recent blog post on the Harvard Business Review Blog Network.

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Webinar Notes: Sourcing for Value: Using Non-Price Attributes to Find the Best Suppliers

This week Zycus and Ardent Partners presented ‘Sourcing for Value: Using Non-Price Attributes to Find the Best Suppliers’. Historically, not making an award decision based predominantly on price has been a reason stakeholders give for not wanting to follow the strategic sourcing process. Today, procurement professionals and the technology they use are accustomed to incorporating quantitative and qualitative measures of value into optimization scenarios and award decisions.

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Webinar Notes: Getting the Most From Strategic Sourcing

This week’s featured webinar was presented by the Next Level Purchasing Association and featured Joe Payne and Bill Dorn from Source One Management Services as the main speakers. You may also know them as the co-authors of ‘Managing Indirect Spend’, a relatively new publication that walks through the challenges and opportunities associated with indirect spend as well as a few category-based case studies.

Like their book, the guys from Source One kept their speaking points to the practical learnings from their extensive combined procurement consulting experience.

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Webinar Notes: Practical Steps to Strategic Sourcing

This week’s featured webinar was presented by CPO Agenda: ‘Practical Steps to Strategic Sourcing’.  Their selection of this topic has interesting timing, as Strategic Sourcing was just crowned as the ‘champion’ in the CPO Rising March Madness tournament

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Lessons Learned Post-tsunami

Much of the news this week has been reviewing the events of a year ago when a tsunami hit Japan. Like most things of this nature, it seems impossible that a year has passed.  The rebuilding is a massive undertaking and will be years and decades in the making.

This event displayed the risk and exposure that so many companies have within their supply chain. With the globalization of businesses, events around the world can significantly impact operations and profits.

I found this article in Industry Week very appropriate as it discussed the risk and lessons learned over the past year. So many organizations have survived but not many really changed much in the interim. Those that are building a strategy have followed some of what is discussed in this article.

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Blog Pick of the Week: Purchasing Do's and Don'ts

pathofleastresistanceEveryone loves the path of least resistance. How can we get to that restaurant easier, without crowds or lines?  Is it possible to get my 2-year old to bed at a reasonable hour with or without a bath? Can I publish this RFP today - but it is Friday and I want to start my weekend. 

If any of these are too difficult, we will avoid them all together. Stay home, order pizza to be delivered, delay the baby's bedtime routine and wait until Monday for the RFP. So why does this week's blog pick help you out?   

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Back to Basics: Strategic Sourcing Success Factors

Whenever I see something that is titled "Back to Basics" I almost groan. That is like the latest secret to loosing 20 pounds. Here it is - Fewer calories in and more calories out. Really? Like diet and exercise are anything new?

We are so swept up in the immediate, we often can't step back and refresh to look at the whole picture. So that is why it is important from time to time to return to the basics.

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