A few days ago, I wrote this post.  Link is here As you can see, it sparked some interesting conversations among Procurement leaders, even from many I admire. It is uncommon to dismiss a reasonably well-established sourcing process (RFPs), especially when the RFP process is the most well-documented and well-established. And, this clear position was questioned sportingly!  Before I go into another explanation of my position on RFPs, I want to share a few case studies and facts

Picture this: You're planning a cross-country road trip. Would you rather buy a brand-new car outright or rent one for the duration of your journey? If you're like most people these days, you'd probably go for the rental. Why? Because it's flexible, cost-effective, and you don't have to worry about maintenance or what to do with the car when you're done. This, my friends, is the essence of the OpEx (Operational Expenditure) revolution that's sweeping through businesses worldw

I saw the recent Apple launch on May 7th (iPad with M4 Chips). This sparked an interesting question in my mind. If we have so many...

Learn how Top 1% of procurement excellence teams are spending their time and money in 2024 PROCUREMENT TECH : 30% eSourcing tools continues to become commoditized and there is very little differentiation left amongst the players in the overcrowded market. Recent players have the advantage of more responsive tech stack, lower cost and faster implementation times. This table shows the amount of money per annum allocated by advanced Procurement Center of Excellence setups Key Hi