Here's a look at where Source One's cost reduction experts have been featured this week!
MRO Demystified Part IV: Long-Term Spend Management
In the concluding installment of their series on MRO spend management, Source One's team share a number of best practices for addressing the category in the long-term. Addressing punch-outs, vendor managed inventory programs, and more, they provide readers with valuable insights for keeping a complicated category in check.
New Podcast: Are Your Supplier Reference Checks Worth the Effort?
Employed effectively, supplier reference checks are the perfect way to cut through the smoke and mirrors that bid presentations and RFP responses offer up. Ineffective checks, however, don't bring Procurement any closer to the facts. At best, they're a waste of time. At worst, they can leave Procurement even further from an objective perspective than when they began. Subscribe today to learn how you can make the most of your reference checks.
New Blogs: Best Practices for Evaluating MRO Supply Agreements
Jennifer Engel, ThomasNet, 11/15/2018
MRO suppliers often try to sweeten the deal during negotiations. Creative contract terms and value-adds, they hope, will help them stand apart from the pack and ultimately win business. Engel cautions readers against taking any of these promises at face value. She offers up a number of evaluation best practices to ensure Procurement navigates around spin and assesses the true value of category discounts and iterative savings programs.
Stop Paying for More Analysis Than You Need
Brian Seipel, Sourcing Innovation, 11/12/2018
"We live in an age where analytics reign supreme," Seipel writes. That does not, however, mean that every analysis is worth the effort. In his years as a Consultant, Seipel has seen countless organizations devote time and resources to low-impact analyses. He offers a number of questions that Procurement teams should ask themselves before committing to any initiative. With these, they can ensure they only conduct analyses that fit into their strategic goals.