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

Webinar Notes: Procurement Knowledge Management

I've always thought of Knowledge Management systems as databases full of documents. Unwieldy, outdated, only updated when your boss reminds you that participating will be part of your annual review cycle. As it turns out, most of what we already do can be worked into a knowledge management program - we just have to be deliberate about where information goes. The other take-away isn't a new one, but it seems to be one of the hardest ones to maintain.  At the end of a project, it is important to download and record your experiences and lessons learned - for yourself next time or someone else down the road.

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Special Edition Webinar Coverage - Vision 2020 from Ariba and SIG

This week brought us an insightful webinar from Ariba and SIG called “Vision 2020”.  Since this was the largest SIG webinar ever (over 800 attendees) many of you may have been there – in fact I hope you were.  It was a fast-paced, exhilarating (and sometimes scary) hour that I am glad I didn’t miss.

The webinar covered just the tip of the findings from Vision 2020 – a collaborative effort between Ariba and a panel of global C-level executives with experience managing $1B in spend each. The full document can be downloaded HERE free  from Ariba’s site. I think we all owe it to ourselves to read it and carry it with us to meetings, and refer back to it until it is tattered and worn!

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Book Review: Profitable Buying Strategies

Mike Buchanan, author of Profitable Buying Strategies (as well as Two Men in a Car, Guitar Gods in Bed, and The Marriage Delusion), agreed to participate in a Q&A session with Buyers Meeting Point about his book. Profitable Buying Strategies is an excellent resource for any procurement professional.  Those new to the discipline will benefit from a clear outline of key concepts, strategies, and tactics.  More experienced buyers will appreciate the case studies and a thorough review of how to take their current approach to the next level.

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