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Everyone has bad habits, but for procurement, bad habits can put a major dent it in the ROI of your sourcing tools. That’s because strategic sourcing is complex and challenging – success requires more than fancy software purchases. You must have a plan in place to measure how well (and how much) your team is [...]
With M&A season in full swing, there’s a new epiphany driving (and nixing) acquisitions that goes far beyond the typical high-level revenue and cost savings projections. Market volatility is ruling today’s economy, making timely acquisitions difficult. Complicating M&A negotiations are commodity prices – like metals, oil, food, and real estate – which are trading far [...]
GPOs have the difficult task of reducing spend while sourcing for healthcare goods. As anyone who’s made purchases with someone’s health at stake knows – this is not an area you can cut corners. At the same time, physician preference items can be some of the costliest categories of spend facing the industry. For healthcare [...]
A $1 million RFP for coal has been posted to Ariba Discovery®, the premier service for matching business buyers and sellers globally offered by Ariba, Inc. (NASDAQ: ARBA), the leading provider of collaborative business commerce solutions. Is it a coincidence? Or is the Indian manufacturing company behind the posting performing the work of elves? “If [...]
