Part 1 of this 2 part series provides a brief overview into the reasons for the collaboration challenges between procurement and legal departments. Part 2 of the series looks into the technology and process initiatives that enable a collaborative relationship between the two functionaries. The need of the hour is for the contracting process to enable collaboration between the procurement and legal functions rather than be a cause…
James Thomas
James Thomas - Strategic Marketing Manager, Zycus Inc. James Thomas is a Strategic Marketing Manager at Zycus, a leading provider of Procurement Performance Solutions. As part of his role at Zycus, James is responsible for content development, social media marketing as well as branding and influencer relations. Previously he worked in the product marketing division with a focus on new initiatives and sales enablement. James has a Masters in Marketing from the Great Lakes Institute of Management, Chennai, India.Driving Collaboration with Contract Management – Part 1
The contracting process has always been a major point of discontent between procurement and legal functions within an organization. Part 1 of this 2 part series provides a brief overview into the reasons for the collaboration challenges between procurement and legal departments. Part 2 of the series look into the technology and process initiatives that enable a collaborative relationship between the two functionaries.
A recent study…
Software Implementation: Getting taxonomy spot on
Software delivery forms an important process post an organization’s decision to buy a solution. It is a process which involves close collaboration between the solution provider and the buying organization. Success of any software implementation project rests on the level of adoption of the end user. This post will look into the 3 phases involved in project implementation.
Phase 1: Project Kick-Off
Project Implementation…
MetalMiner’s Sourcing Outlook, Zycus – Episode 4 (February 2012)
Brought to you by Zycus, MetalMiner’s Sourcing Outlook covers key commodities markets (industrial metals, energy, etc.) and provides an intelligent viewpoint for metal-buying professionals. This month’s episode looks into what’s happening as a result of the EU debt crisis, as well as the stainless steel and non-ferrous metal markets. In the One-On-One segment, Lisa Reisman, Managing Director, Metal Miner interviews Jennifer Diggins, Director Public Affairs for Nucor Corporation and Roger…
Combating supply chain risks
The year 2011, on the economic front was another year of uncertainty. A global economic recovery remains underway, although it is alarmingly long and slower than any other. The economy continues to remain tepid, and job market recovery in the U.S. will take years. Europe is grinding forward. We may see the end of Greece in the EU, and indeed, the notion of the euro continuing forward in…
3 Steps to Reducing Spend Through Procurement – BFSI perspective
Although the economic environment is more benign than at this time last year and there are signs of recovery, banks and financial services firms are still facing uncertainty. Slow economic growth coupled with new banking regulations on the horizon — such as Basel III, which will require banks and financial services firms to hold more capital and low-yielding liquidity — could translate into unprofitable business lines and higher…
Supplier Performance Management – A catalyst for developing a globally aligned supply base
Until recently an overwhelming number of organizations relied heavily on a localized supplier base, where suppliers were in close proximity to the purchasing organizations. The major disadvantage with such a setting is the inability to leverage on the opportunities that a more geographically dispersed supplier base can offer. Today, with ever changing technology & the advent of e-commerce, information about suppliers has never been so abundant for organizations…
Supplier Management – Innovation is the need of the hour
A quick search on Google for the word ‘innovation’ led me to the Wikipedia page which cites the origin of the word. The word innovation derives from the Latin word innovatus, which is the noun form of innovare “to renew or change,” stemming from in-”into” + novus-”new”. Couldn’t agree with this more after I read a recent article in HBR – ‘Don’t Let Your Supply Chain Control Your…
6 tips for getting started with cost savings in higher-education setting
The last several years have seen increasing numbers of universities and colleges adopting the disciplines and processes, of corporate enterprise procurement technology. But it is one thing to decide that enterprise procurement technology is a good thing for colleges and universities, quite another to transport the disciplines from the corporate private sector into the realm of academia. This post provides 6 tips for universities to quick start cost…
Felix Felicis for commodity managers – Would it be of any help?
“Luck is what happens when preparation meets opportunity.”- Roman philosopher, mid-1st century AD
As a buyer in the procurement department, did you get a feeling about your luck being bad when you recently made an important purchase of a commodity and it backfired? Are you looking for things to correct your luck before the next purchase?
If your answer is yes, then we are…
