When the subject of spend analysis comes up, business leaders often ask how they'll see a return on investment. While a hard dollar ROI is rarely obvious, Source One's spend analysis lead suggests that timely and effective initiative is inherently valuable. He cautions Procurement, however, from spending too much time on any analysis. Paralysis by analysis will not only cost the function time and money, but could lead it to miss out on opportunities for more high-value initiatives.
New Podcast: Blockchain and the Supply Chain
Few emerging technologies command more attention than blockchain. Providing for tamper-proof ledgers and total traceability, it promises to fundamentally change supply chains across the world. This week, Brian Seipel joins the Source One Podcast to cut through some of the hype and take closer look at what blockchain-empowered tools will mean for Procurement professionals. Listen to the full conversation today. Upcoming Event: Procurement Professionals Happy Hour: Chicago, IL Source One is hosting its fourth annual happy hour for Supply Chain and Procurement professionals. Join us October 18th for cocktails, hors d'oeuvres, and a chance to network with industry peers. Interested in attending? Contact Kaitlyn Krigbaum (email@example.com) for more information. MarTech Conference: Boston, MA October 1-3, members of Source One's Marketing Procurement team are headed to Beantown for this intense and exciting conference. Focused on breaking down the siloes between Marketing, Management, and Technology, the event should provide countless new insights and networking opportunities.