Category Archives: Miscellaneous

Dear Procurement, No Excuses! Carpe Diem Laetus!

We’ve said twice now that cloud-based solutions — and not just video conferencing applications like Zoom — can help turn your sofa or kitchen table into a mobile procurement command center, we meant it, and we’ve given you eight great examples of activities normally done (mostly) in person that you can do just as well (or better) from your home office, desk, sofa, or even bed.

And, as you guessed, it doesn’t stop there — because the capabilities of modern procurement platforms don’t stop there. However, today we’re going to focus on how to use everyday Procurement tools in creative ways to accomplish more tasks and increase your distributed, virtual productivity. If you examine each and every tool in your software arsenal, we guarantee you can find creative ways to put them to good use to not only maintain, but possibly even increase, overall levels of efficiency in this crisis.

More specifically, with creative application of tools that likely already exist in your Source-to-Contract arsenal, you can:

  • find out what your team is doing and what they want to do
  • manage and track processes and their efficiency to identify bottlenecks
  • track distributed assets AND skillsets
  • identify relevant information resources you didn’t know you have

How?

Check out the doctor‘s latest piece over on Spend Matters on how to apply traditional procurement technology in non-traditional, socially distanced ways over on Spend Matters.

Futurists are Still Stuck in the Past! Leave them there!

And the reasons are the same as they have always been.  (And the doctor just wishes they’d stop speaking at the events he has to go to.)

  1. They Have No Knowledge as they come from different backgrounds which offer them no education or experience in Supply Management.
    Just because you can get high, have psychedelic visions, white them down, and spin a good yarn doesn’t mean you can be a futurist. A poet, sure, but not a futurist …
  2. They Have No Vision beyond what the rear view mirror (or the hydrocarbon gas from the bituminous limestone) offers them.
    When Meatloaf said “it was long ago and far away and it was so much better than it is today“, he was referring to newly discovered young love, not business processes identified 30 years ago …
  3. They See Too Many Organizations Stuck in the Past and a few organizations (in the Hackett top 8%) ahead of the pack and they think they can peddle these best practices as future vision.
    This is not 1914 (which was 12 years before the first transatlantic telephone call) where good ideas take years to spread (and the first person to bring a new idea or technology from a different continent can make millions on someone else’s work) and a career can be built on one single improvement — this is 2019 where it only takes a few seconds for a story to be spread around the world. But I guess if you can’t look beyond the rear-view mirror …

So, why are so many organizations still stuck in the past (and fueling the flame that powers these fantasy futurists spinning the same yarns they spun five years ago and driving the doctor mad)? There’s a few reasons, and they include:

  • Lack of Education
    Many Supply Managers were simply thrust into the role, with no training or background for the role. And despite the fact that they have some competence or experience in other areas, they are so ill-equipped and ill-prepared for the role that they might as well have been dropped in The Lost World.
  • Lack of Resources
    Most Supply Managers are overworked (and underpaid, but who isn’t these days) and resource-constrained, with no time for training and no budget even if they had the time (or would sacrifice their few remaining free hours to get better and more efficient so that maybe someday they can take a whole weekend off).
  • Lack of Clarity
    With no formal education, no training, and no resources to make sense of the barrage of BS being thrown at them by futurists and analysts alike, how can they differentiate between current and past processes and technologies and what they need to embark on a path that will ready them for what comes next?

And the third reason is the most crucial. Until they get some clarity, Supply Managers are going to continue to be taken in by modern con-men (who include 2nd rate analysts, consultants, and salesmen of outdated technology) selling them silicon snake oil when they just need modern sourcing and procurement tools that fit their workflow and daily needs.

That’s why SI is here – and why the doctor co-invented (and single-handedly developed the sourcing, supplier management, and analytics) Solution Maps which grade a platform on functional capability only — not subjective vision, market size, arbitrary inclusion parameters, and other factors that are easily embellished or hidden behind a smoke screen.

So if you want a vendor who can help you, chose one based on solid capability.  And if you want an analyst that can help you, choose one that bases recommendations on real data.  Then you will make progress.

Ten Years Have Passed and Still Some Companies Don’t Want a Check-Up by the doctor!

Ten years ago the doctor penned a post here on SI which noted that one of the regular features here on Sourcing Innovation (and now over on Spend Matters too for those that opt for the full physical) are vendor solution reviews, which occur only after the doctor has seen the product. This vendor coverage provides solution providers with a great opportunity to reach a broad, global, audience and are generally quite well received. But there are still vendors, some who have been around since 2009 or longer, that still don’t get their checkup, even when reminded by the doctor or the administrative team at Spend Matters.

Occasionally the doctor tries to figure out the most likely reasons why, but at the end of the day the five reasons put forth in 2009 still bubble to top:

  1. The product doesn’t exist.
  2. The product doesn’t work.
  3. The product works completely differently than the marketing spin around it.
  4. A discussion of the product’s capabilities “gives too much away” to competitors.
  5. the doctor is distrusted for some reason.

And the doctor‘s responses are the same as they were a decade ago.

As far as 3,4,5 are concerned, no legitimate vendor in our space is selling snake oil or moonshine. All the products work, and accomplish some significant fraction of their mission. So that can’t be it.

With regard to 2, companies should understand that their competitors know them well, perhaps better than they know themselves. Nothing that the doctor might say is going to give away any secrets.

Finally, with regard to 1, the doctor has never slammed a company with a product that accomplished its designated task reasonably well, especially when the company is open about its strengths and weaknesses. The Sourcing Innovation and Spend Matters Pro vendor post archives prove this, far better than any claim we could make here.

Moreover, if a prospective target can’t find any external reviews on you, how are they going to find you? And even if you find them, why should they trust such a closed, secretive, organization? Think about that.

All the doctor can say is that if there’s nothing [relatively recent – last 2 or 3 years at most] out there about you, then you should reach out and get on a review calendar today (especially since the few senior analysts who are left are now booking months in advance due to increased demand now that our space has produced a few unicorns).