May 17, 2019

Here's a look at where Source One's cost reduction experts have been featured this week!

New Whitepaper:
Building an Effective Procurement Organization
Discover how Source One has helped countless companies over the years build an effective procurement organization with our series including a comprehensive list of the methodologies our experts have used time and time again. Explore the insights from our experts that will help you optimize your procurement department. Topics covered thus far include People, Metrics, and Processes in the first three parts of our whitepaper. Learn how to inspire your team to purpose, move beyond simple cost-cutting and become a strategic advisor based on the metrics of your procurement team, and how to develop the right procurement processes for your organization. Stay tuned for Part 4: Tools!

New Blogs:
Every Link is Vital: Avoid Age Discrimination in Supply Chain
Bennett Glace, EBN, 5/15/2019
Editorial lead of Strategic Sourceror, Bennett Glace, highlights another complaint of age discrimination by IBM and offers a new solution to the age gap in Procurement. Other than a complete overhaul, Glace suggests a well organized hand-off. There's no denying the issue of executing digital tranformation with employees that are "stuck in their ways," or fresh faces that are unable to innovate with outdated processes and a lack of veteraned support. Glace argues that "organizations cannot afford to let years of knowledge and experience walk out the door," but to rather leverage these veterans to guide the new talent as they develop skills and eventually mature into leadership roles. Visit the article for more on Glace's compelling arguement and IBM's latest age discrimination scandal.

To Effectively Prepare for MRO Unpredictability, Develop a "Market Basket" Approach
Mike Croasdale, 5/15/2019
Maintenance Repair and Operations (MRO) has an unpredictable nature, and Mike Croasdale presents an approach that can help us prepare for and hopefully avoid some of those sourcing challenges that could arise. A Market Basket approach ofen employs the Pareto prinicple, otherwise known as the 80/20 rule, and can help analyze the competitiveness of the supplybase and otherwise prepare for you for what may come. Croasdale explains the 80/20 rule and how it will be of help in preparation for an unexpected turn in the MRO process. Visit the article so you can better be prepared for your next MRO assignment.

How Do I Develop A Marketing RFP?
Megan Connell, Thomas Net, 5/16/2019
Marketing Requests for Proposals are often complex and Megan Connell recognizes the importance in the exchange of information and goes over some detailed tips to get you writing the perfect Markeitng RFP. Beginning with your company information and background, Connell explains why it is important to include information about your company in addition to the research the agencies conduct. Connell continues with what else to include from the background of the sourcing event, the scope of the work you want done, how to evaluate the agencies capabilities, requirements for pitches if presentations are necessary, questionnaires, and finally, pricing. Visit this article to get all the details on these categories for drafting your next Marketing RFP!

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