Daily Archives: December 15, 2014

A New Year Will Soon Be Upon Us? Are You Ready for The Coming Changes?

Where Procurement is concerned, the more things change, the more things stay the same is one thing you can count on. Very little changes year-over-year, and that’s probably why the futurists keep pushing the same trends year after year, including those trends old enough to be in many historian’s ancient history books. (We’re not joking. Take globalization, governmental regulations, and supply chain risk for example. These have been issues and trends since “global” trade began between Egypt and Mesopotamia, which occurred over 5,000 years ago. What’s “future” about that?)

Moreover, a best practice, even if its only been adopted by the leading organizations, is not a future trend. It is an ongoing trend if it started a few years ago, but if the leading organizations adopted the practice ten years ago, then it is not even an ongoing trend. It is a past trend that, either due to lack of maturity, resources, or relevance, didn’t cross the chasm. A current, ongoing, trend is something that just in the last few years and is just reaching the point where it will cross the chasm and a future trend is one that has only recently been identified and still in the process of being adopted by the early adopters, which, in Procurement, would be the Hackett Group top 8%.

However, while the changes may be small and few and far between, they do happen, and over time they accumulate and occasionally lead to big breakthroughs which launch new trends. These trends, in the early stages, are the ones you care about. Not trends that were forming ten years ago, because everyone already knows about them, including every competitor you have, and not possible trends ten years out, because, in the interim, the future could diverge significantly from the future required for that trend to materialize. Trends that are in the early stages of formation today. Trends that, if you start preparing for them, put you in the Procurement Leaders camp and keep you there.

Those trends, and only those trends that make you a leader, are the trends that Sourcing Innovation talks about in its latest white-paper on Top Ten Trends for Supply Management Value Generation in 2015 (registration required). Two years ago, SI told you about the top ten things that an organization could do to reign in rapidly rising costs before hyperinflation in key categories put its profitability at risk in its white paper on The top Ten Things to Do in 2013 to Control Costs (registration required). Then, one year ago, SI told you how to mine the goldmine of savings potential an untapped organization is sitting on through the proper application of The Top Ten Technologies for Supply Management Savings Today (registration required).
Now that your organization has its costs are under control and a proper technology infrastructure in place for leading-edge Supply Management, it’s ready to tackle Top Ten Trends for Supply Management Value Generation in 2015 and get processes and programs in place to capitalize on opportunities before the competition.

To find out what the Top Ten Trends for Supply Management Value Generation in 2015 are and what to do about it, download this new Sourcing Innovation white paper, sponsored by BravoSolution, today!