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P2P Shortlists: Creating a Menu for eProcurement and eInvoicing Vendor Dining Options (Part 1)
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We're often asked for our views on down and dirty shortlists for various procurement and supply chain technology sectors including eProcurement, electronic invoicing/invoice automation, spend analysis, sourcing, contract management and commodity management technologies. However, it's our fundamental belief that that the concept of a single shortlist (or forced vendor ranking for that matter) is anathema to how individual organizations buy, consume, use, and underuse various technologies, especially in areas like P2P, where the amount of shelfware and underused assets already purchased from providers like SAP, Oracle and Ariba could be saving billions of dollars annually for companies if properly used (and yes, in many cases, the companies should blame themselves for deployments that come up short, rather than the vendors themselves).
8 Cool Office Spaces
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San Mateo-based Coupa, an e-procurement start-up, converted an old bank into its home office. This vault still locks, as they found out the hard way after moving into the space. The office also has a keg for office parties and a shuffleboard table.
On The Verge: 100% Cloud-fueled Ventures
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The majority of ventures view cloud technology as nothing more than a significant leap towards expenditure cutbacks and superior flexibility. While this remains unequivocally true, cloud technology offers a whole lot more in store for businesses – startups in particular. Almost certainly, the most promising facet of cloud computing is its potential to nurture an altogether novel genre of business – made on the cloud, meant for the cloud.
Run 100% of a Business in the Cloud? It's Happening Now
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For many businesses, cloud computing means more cost savings and greater flexibility. But that’s only a piece of the story. Perhaps the most revolutionary aspect of cloud is that it is springing forth a new generation of businesses, designed on the cloud, for the cloud.
Emerging Risks Are Easier to Miss
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Executives spend less than one-third of their risk-management efforts on emerging risks – outlier threats that are unfamiliar.
The Cost Optimization Option Most Companies Have Missed
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Companies have optimized the hell out of their operations.
Well before Thomas Friedman wrote The World Is Flat, global competition forced American companies to wring costs out of their operations.
6 Reasons To Use Multiple Cloud Providers
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Music Mastermind, Coupa Software share why they turned to more than one cloud services supplier. Yes, you can mix and match Amazon and Rackspace.
Some people are debating whether to use a cloud service; others are debating how many to use. The latter group includes Coupa Software and Music Mastermind.
Managing Spend Can Create Big Pay-Off
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Choosing the right procurement application may be the key, as the cases of MediaFly and Sutro Pharma illustrate.
Procurement Strategy Do's & Don'ts, Part II
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How Do You Get Procurement Strategies To Succeed?
In PurchTips edition #249, I shared five sets of "do's and don'ts" for implementing new procurement strategies. In this edition, I'll share three more sets.