This Week in Procurement

This Week in Procurement: 10 Steps for Procurement Automation

Written by Philip Ideson
1.
MUST READ

I stumbled across this article this week as it popped up in my LinkedIn feed.  It was originally written in Russian, for a Russian audience, and then translated into English.  However, in my view, the content is relevant for procurement organizations around the world.10 Steps for Procurement Automation | Zelimkhan Suleymanov, CEO and Co-Founder, PrECA


The article is a nice primer into how to start thinking about procurement automation. The author, Zelimkhan Suleymanov, followed up with a subsequent article sharing typical mistakes in procurement automation. It’s a great two-part series.

Typical Mistakes in Procurement Automation & How to Avoid Them | Zelimkhan Suleymanov, CEO and Co-Founder, PrECA.



2.
OTHER INTERESTING ARTICLES

I
‘m going to start with two old articles that I only just came across this week.  I’m not sure how I missed them!  Extended payment terms is always something I have been passionate about (although it doesn’t make for a great ice breaker at parties…), and I’ve watched with admiration from afar at the work that Anne Rung has done in trying to bring strategic thinking US Federal procurement in her time at the White House:

Transforming the Federal Marketplace, Two Years In | Anne Rung, former Chief Acquisition Officer, United States Government

The True Cost of Delayed Supplier Payments | Nancy Clinton, SpendMatters UK.

When Rogue Spend is Good: The Case for Online Services Platforms | Andrew Karpie, SpendMatters

Displacing Incumbent Suppliers | Mike Robertson, CEO, POD Procurement

 



3.
PROCUREMENT RELATED NEWS

Is TPP Good for You and Me? It Depend’s, and Here’s Why
 | Brent Snavely and Chrissie Thompson, Detroit Free Press.

The October ISM New York Report on Business: In a Pre-Election Holding Pattern
| Kelly Barner, Buyers Meeting Point.

 



4.
QUOTE FROM THE ARCHIVE

“It is amazing how often a supplier doesn’t know they are performing badly until its too late”

– Alex Short, Vizibl / Old St Labs, from How to Start Building True Two-Way Collaborative Supplier Relationships.

 



5.
THIS WEEK @ THE ART OF PROCUREMENT

102: How to Understand Cost & Enable Fact Based Supplier Relationships w/ Jimmy Ankleseria (Jimmy is the leading authority on strategic cost management).

103: Inside AOP – Reflections on Turning 1 & What’s Next
– Friday Show

 



6.
OTHER STUFF

One of my good friends, Amber Christian of ConsultAce (and AOP alumni) started a new podcast a couple of weeks ago called Thriving at the Crossroads. I’ve taken Amber’s description straight from iTunes:

“Thriving at the Crossroads marries innovative start-up technology with established enterprise systems. Guests are primarily innovative start-ups. We’ll explore the business problems they solve to provide listeners with new ideas for innovation in their organization.”

It is a really interesting concept and I’ll be watching how the pod evolves with interest.  If you are interested in learning about both start-up and emerging companies that could provide your organization with the innovations they are looking for, check it out!

 



Have a great weekend!

About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.