To understand the context of my procurement posts, which can often get very detailed, you need to have a basic understanding of procurement to build upon. Let’s take the tour. The first place I like to start is the “world famous” Porter Value Chain as it is a good framework to use as a lens; […]
What is the best way to onboard vendors to a Business Network? (ie. Ariba Network, Coupa Supplier Network, Basware Supplier Portal, etc)? Before saying anything else, it is important to highlight that supplier enablement (network onboarding) is not a science but an art. It involves relationships with vendors, is often dependent upon competing business imperatives […]
I was recently asked about my take on how to configure material/system commodity codes in ERP/Procurement systems. Here are my main takeaways from multiple implementations of a set of commodity codes. When implementing a new Source-to-Pay solution, you can usually either put in your own hierarchy or use a standard nomenclature such as the United […]