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What I Learned From Conference Season – Prologue

The next Sourcing-Innovtion sponsored cross blog series on “What I Learned From Conference Season” starts next Monday – May 26, 2008. If you have not received an invite and would like to guest-post on this blog, please contact me at thedoctor <at> sourcinginnovation <dot> com.

Unlike previous cross-blog series, this theme is open. The goal is to have the leading bloggers and guest bloggers identify what they think are the most important topics, issues, and messages discussed and delivered in this years conference slate and pass those messages on to you, dear reader. Collectively, we’re going to define what’s coming next and what practitioners need to do to prepare for it! It’s become pretty clear to me of late, with the less than spectacular work coming out from some of the vendors and traditional publications, that us bloggers need to be the ones moving the space forward – and I’d like to think we’re up to the challenge!

As usual, I’ll be cross-indexing all of the posts that appear on the other blogs in the space for your conveinence.

For your reference, the last three cross-blog series were:

The e-Sourcing Handbook (Free e-Book)

The e-book edition of the e-Sourcing Handbook, co-authored and edited by yours truly, and sponsored by Iasta (an e-Sourcing solution provider), is now available on request (through e-mail).

The e-Sourcing Handbook is your modern guide to Supply and Spend Management Success which utilizes and enhances strategic sourcing technology and best practices. Covering the full spectrum of the e-Sourcing cycle, the handbook helps you understand not only what spend analysis, e-RFx, e-Auction, decision optimization, and contract management are, but where and when to apply these technologies for maximum benefit.

Building on the resounding success of the e-Sourcing Wiki and the e-Sourcing Forum and Sourcing Innovation blogs, the handbook takes the concept of open access to knowledge and best practices one step further by compiling the best information on e-Sourcing to appear on all three public information sources into one definitive source. Furthermore, by mixing content from factual and informative wiki articles with blog postings that are both controversial and opinionated in an innovative manner, the juxtaposition of the two in the handbook allows the reader to see where the boundary lies between information and advocacy. It is the goal of the authors that, through this ground-breaking effort, the reader will gain a better understanding of e-Sourcing and how to take their supply and spend management efforts to the next level.

And, most importantly, unlike some of the recent e-books to pop-up, this is a real book – not a glorified marketing white paper doubled (or tripled) in size with a fancy (spaced-out) layout that contains dozens of colorful, yet useless, images. An exact mirror of the forthcoming print-book, it’s 220 pages of solid content backed up by a 4 page resource section, 8 page glossary, and 22 page bibliography for those who thirst for knowledge. The full table of contents and index are also included to help the reader quickly find what she is looking for.

But perhaps the foreward by co-author Eric Strovink of BIQ says it best.

The e-Sourcing space has undergone a major transformation since 2000. Vendors who were once dominant or cutting-edge have failed. Many have undergone asset fire sales, become part of the walking-dead, or been absorbed into larger companies; and still others have been forced by their investors into mergers that make little sense to the outside observer.

These consolidations have brought about a dangerous commoditization of ideas, along with a slowdown of innovation. Even worse has been the obscuring – by over-enthusiastic and under-educated vendor marketing departments – of deeply important issues that sourcing practitioners must consider and understand in order to be successful.

In response to this, my co-author, Dr. Michael Lamoureux, launched the Sourcing Innovation blog with the specific purpose of educating practitioners and cutting through the marketing babble that had begun to dominate the discussion. Another co-author, David Bush, started the e-Sourcing Wiki (from which the bulk of this Handbook is taken) in a similar attempt to put fundamental e-Sourcing ideas and concepts into a publicly accessible forum. Over the years, David has also built Iasta’s e-Sourcing Forum blog into a credible and useful resource.

These efforts are laudable, but blogs and wikis are sometimes hard to navigate, and effort is often required to extract related information in a useful way. This Handbook is an effort to draw together the knowledge base of the Wiki, along with relevant blog postings, into a coherent and readable framework. Of course, one might argue that none of the authors are readable or coherent – and that may be a fair criticism – but we’ve made a best effort.

Because Michael is a strong and independent voice in the space, it’s appropriate that he is the editor of this Handbook. He has taken an interesting and unorthodox approach, choosing to mix factual and informative wiki articles with blog postings that are both controversial and opinionated. The juxtaposition of the two allows the reader to see where the boundary lies between information and advocacy. This is perhaps the first effort of its kind where two very different resources are interlinked in a constructive, and hopefully interesting, way.

I trust that this edition of the Handbook will be the first of many similar efforts, and that together we can collectively energize our space with accurate information and useful insights. Remember, the e-Sourcing Wiki is a public resource – anyone can contribute – so everyone should consider “sharing the wealth” and do so.

Conference Fever

It’s that time of year again where everyone gets conference fever – and the time of year where I recluse myself in the dark corners of my basement in the hopes that I can again avoid the annual malady that infects so many of us. But alas, although I’ve managed to escape the worst strains yet again, I’ve still been inflicted with a minor strain.

Thus, even though I don’t have the crazy schedule of some of my fellow bloggers (like Jason Busch), I will be at a few conferences this spring. So far, I’m committed to two in the space and one not. And in this post, I’m going to plug the two in the space that I am committed to since I think they’ll be worth your while.

The first conference I am confirmed to attend is SCL’s Creating a Resilient Supply Chain, which is taking place May 5 and 6 in Toronto, Ontario, Canada at the Paramount Conference and Event Venue. Now, I’m sure a lot of you, and particularly those of you south of the 49th parallel, are probably saying “who, what, where“, so I’m going to answer your questions. SCL is the Supply Chain & Logistics Association Canada, one of our organizations that would be like your CSCMP, just like our PMAC (Purchasing Management Association of Canada) is like your ISM. (Remember, although the doctor spends a lot of time in, and working with, the US, even though he has lived in the US, he does maintain his permanent residence north of the 49th parallel.) The what is SCLs big annual conference, and the where is in one of our conference capitals, quite close to Pearson International Airport.

There are some good professional and corporate names at this event. Matt Gersper of Global Data Mining, who’s contributed to this blog in the past; Sankar Krishnan, a Senior VP of Citibank; Bob Dye, the President of PMAC; Ginnie Vensiovaltis, Transportation Services Manager of Unilever Canada; Ryan Persad, Purolator Global Supply Chain Services; Jim Topkins, CEO of Tompkins Associates; Warren Sarafinchan, Transportation Director of Maple Leaf Foods; and Jayson Myers, the President of the Canadian Manufacturers & Exporters association.

The second conference I am confirmed to attend is Iasta’s reSource, which is taking place May 12 through May 14 in Indianapolis, Indiana, at the Marriott Downtown. Although this is, primarily, a customer-focused conference, it is still one that you should be strongly considering if you are a customer or considering becoming a customer. Although it’s a relatively new conference (as it’s only in its second year), Iasta did a great job pulling this together last year and managed to create an event that was both useful as a training event (the first day) and a general conference on good e-Sourcing, supply, and spend management best practices, mixing customer presentations with keynotes from thought leaders. (Jason Busch of Spend Matters gave the main keynote last year.) Plus, and you race fans will love this, they host their main networking event at the Indianapolis Motor Speedway. (And it looks like they’ve added a second networking event at Victory Field as well this year.)

And for those of you dying to know what the third event outside of the space that I’m committed to attend is, it’s the IEEE Region 7 Canada Spring Board Meeting that takes place immediately before CCECE 2008. Aren’t you ever so glad that you asked?

I’m sure I’ll be busy in June as well … but that will have to wait for another post.

Where is My Market Going?

Although it is impossible to tell precisely how many visitors a site is getting without having access to complete logs, and similarly difficult to tell how one site stacks up against another (especially when some site masters don’t know how to differentiate image hits from page hits, etc.), there are third party traffic tracking tools that provide one methodology of roughly benchmarking one site against another (although the accuracy may be questioned).

One such site is Alexa, and as noted by Jason Busch over on Spend Matters in November of 2007, Sourcing Innovation, the only other independent blog in the sourcing / procurement / supply & spend management space that publishes on a daily basis, was not only the 7th most visited publisher of original content in the space, but the fastest growing content publisher in the space! With a three month change of 672,310 in the rankings, its growth rate was almost triple that of Spend Matters and essentially five times that of Supply Chain Digest, which was growing slowly while all of the other publications were essentially standing still. Not bad for an upstart blog that had been publishing for slightly less than a year and a half at the time!

The specific metrics on November 17, 2007 were:

SITE 3 month Rank
ISM 291,694
Purchasing 318,350
Spend Matters 462,297
Supply & Demand Chain Executive 543,729
Supply Chain Management Review 597,277
Supply Chain Digest 813,504
Sourcing Innovation 1,306,592
 
SITE 3 month Change
Sourcing Innovation +672,310
Spend Matters +244,446
Supply Chain Digest +122,600
Supply Chain Management Review +59,753
ISM +11,412
Purchasing -17,671
Supply & Demand Chain Executive -87,098

Another such site, which I find to be much more reliable and consistent in rankings from month to month, is QuantCast. Since December 1, 2007, Sourcing Innovation‘s ranking has steadily increased from 5,530,305 to 434,201, making it, according to Quantcast, the fourth most trafficked publication in the space, preceded only by ISM’s Inside Supply Management, Purchasing Magazine, and Supply Chain Digest.

SITE RANK
ISM 110,228
Purchasing 141,455
Supply Chain Digest 271,697
Sourcing Innovation 434,201
Supply & Demand Chain Executive 707,417
Spend Matters 2,116,255
Supply Chain Management Review 2,732,943
 
SITE 3 month Change
Sourcing Innovation +5,096,104
Supply Chain Digest +122,880
ISM 24,969
Purchasing -20,688
Supply & Demand Chain Executive -400,602
Spend Matters -933,989
Supply Chain Management Review -2,332,445

In addition, Sourcing Innovation is now peaking at an average of 15,000 unique page views a day! With the average visitor viewing an average of 1.5 pages per visit, it’s easy to see that peak days on Sourcing Innovation now attract over 10,000 unique visitors, with average days attracting in the range of 8,000-plus page views and 5,000-plus unique visitors.

However, the best measurement of this blog’s success is the bandwidth consumption rate, which is the most carefully tracked metric by any ISP. This blog is now serving up over 8 GigaBytes of pure text a month! (All images are hosted on separate sub-domains or web-sites with their own bandwidth allocations.) To put this in perspective, this is roughly equivalent to serving up the *entire* text of the Encyclopedia Britannica thirty times each month!

Where Is My Market Going?

Although it is impossible to tell precisely how many visitors a site is getting without having access to complete logs, and similarly difficult to tell how one site stacks up against another (especially when some site masters don’t know how to differentiate image hits from page hits, etc.), there are third party traffic tracking tools that provide one methodology of roughly benchmarking one site against another (although the accuracy may be questioned).

One such site is Alexa, and as noted by Jason Busch over on Spend Matters in November of 2007, Sourcing Innovation, the only other independent blog in the sourcing / procurement / supply & spend management space that publishes on a daily basis, was not only the 7th most visited publisher of original content in the space, but the fastest growing content publisher in the space! With a three month change of 672,310 in the rankings, Sourcing Innovation’s growth rate was almost triple that of Spend Matters and essentially five times that of Supply Chain Digest, which was growing slowly while all of the other publications were essentially standing still. Not bad for an upstart blog that had been publishing for slightly less than a year and a half at the time!

The specific metrics on November 17, 2007 were:

SITE 3 month Rank
ISM 291,694
Purchasing 318,350
Spend Matters 462,297
Supply & Demand Chain Executive 543,729
Supply Chain Management Review 597,277
Supply Chain Digest 813,504
Sourcing Innovation 1,306,592
 
SITE 3 month Change
Sourcing Innovation +672,310
Spend Matters +244,446
Supply Chain Digest +122,600
Supply Chain Management Review +59,753
ISM +11,412
Purchasing -17,671
Supply & Demand Chain Executive -87,098

Another such site, which I find to be much more reliable and consistent in rankings from month to month, is QuantCast. Between December 1, 2007 and March 8, 2008, Sourcing Innovation‘s ranking steadily increased from 5,530,305 to 434,201, making it, according to Quantcast, the fourth most trafficked publication in the space, preceded only by ISM’s Inside Supply Management, Purchasing Magazine, and Supply Chain Digest.

SITE RANK
ISM 110,228
Purchasing 141,455
Supply Chain Digest 271,697
Sourcing Innovation 434,201
Supply & Demand Chain Executive 707,417
Spend Matters 2,116,255
Supply Chain Management Review 2,732,943
 
SITE 3 month Change
Sourcing Innovation +5,096,104
Supply Chain Digest +122,880
ISM 24,969
Purchasing -20,688
Supply & Demand Chain Executive -400,602
Spend Matters -933,989
Supply Chain Management Review -2,332,445

In addition, Sourcing Innovation is now peaking at an average of 15,000 unique page views a day! With the average visitor viewing an average of 1.5 pages per visit, it’s easy to see that peak days on Sourcing Innovation now attract almost 10,000 unique visitors, with average days generating over 8,000-plus page views and 5,000-plus unique visitors.  The following graph, complied using the built-in analytics package that accompanies the blog software, demonstrates how Sourcing Innovation hit this peak for the weeks ending January 19th and April 19th and that, once a peak is hit, daily SI traffic will eventually rise to that level!

Moreover, this traffic is starting to become truly global in scope!  Although the US still accounts for the majority of traffic at roughly 57%, we now have Canada representing 7%, the UK and India coming in at 6% each, China accounting for 3%, Germany and Australia with their share at 2%, and France and the Netherlands accounting for over 1% – and over 150 countries are represented in the last 15%!

However, the best measurement of this blog’s success is the bandwidth consumption rate, which is the most carefully tracked metric by any ISP. This blog is now serving up over 14 GigaBytes of pure text a month! (All images are hosted on separate sub-domains or web-sites with their own bandwidth allocations.) To put this in perspective, this is roughly equivalent to serving up the *entire* text of the Encyclopedia Britannica over fifty two (52) times each month!