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“Difficult to see, always in motion is the future.”―Yoda to Luke (Empire Strikes Back) Master Yoda talks about the non-deterministic nature of the Universe and the uncertainty of predicting the future. Living in a time where your business is not an isolated island but a part of an ecological system where subtle fluctuation in some […]
Luke: “Is the dark side stronger?” Yoda: “No, no, no – Quicker, easier, more seductive.” Luke: “But how am I to know the good side from the bad?” Yoda: “You will know… when you are calm, at peace, passive. A Jedi uses the Force for knowledge and defense, never for attack.” -Yoda to Luke, (Empire
“I’ve spent more time than many will believe [making microscopic observations], but I’ve done them with joy, and I’ve taken no notice those who have said why take so much trouble and what good is it?” – Antonie van Leeuwenhoek As a microbiologist by qualification, I was asked by a colleague of mine regarding my
Procurement through the microscope of a Microbiologist Read More »
Spend Matters and Zycus bring you the first webisode of the series “Spend Matters Round up”. In this webisode Spend Matters editor Jason Busch gives insights on the history, present status and the future of eSourcing. From a pure focus on conducting auctions to in depth bid optimization, eSourcing solutions have evolved in line with
Jason Busch on history of eSourcing (a short video) Read More »
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
Supplier Management – Innovation is the need of the hour Read More »
“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
Felix Felicis for commodity managers – Would it be of any help? Read More »
In today’s rapidly evolving business landscape, the procurement function has become a pivotal strategic lever for organizations seeking agility, cost efficiency, and innovation. The rise of procurement technology solutions has transformed traditional purchasing into a value-driven discipline, where compliance, data, and collaboration are key. As new technologies in procurement reshape supplier interactions and decision-making processes,
Procurement Technology Solutions for Strategic Success Read More »
In order to increase competency and add new competitive advantages, organizations today are relying on collaborative relationships. When implementing supplier partnerships, firms commonly take either a strategic or reactive approach. In the current business environment, firms are trying to migrate from a reactive approach to more of a strategic approach to establishing supplier partnerships. The
Expert Access: Supply Risk – Could Supplier Management be a Remedy? Read More »
For procurement to accelerate its movement up the corporate ladder and act strategically, streamlining procurement processes needs to be the key focus area for procurement professionals. Organizations today are expecting procurement to drive competitive performance in strategic areas. For procurement to deliver on the strategic areas like profitability, value creation, risk mitigation etc., it needs
Expert Talk: Strategic Imperatives of Procurement – People, Process & Technology Read More »
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