The supply chain world is changing. The disruption in Europe recently caused by the grounding of aircraft as a result of the volcano in Iceland; the soaring labor costs in Asia and the far East; the green and ethical agenda that has taken hold in...
Whatever stage of P2P maturity your organisation is at, it is almost certainly not world class. You see, you might be good. You might even be very good but you’re never as good as you could be. That’s why it’s good sometimes to know how...
Whenever I hear professionals using jargon, I'm reminded of the story about the newcomer to the monastery. The new monk is enjoying getting to know his surroundings and learning the customs of his new communal life. After dinner on his first evening,...
It takes several iterations of a good idea and a bit of sex appeal before it catches on. The iPhone wasn’t the first multifunctional device – it was just the first on the market to package everything up into an object of desire. I clearly recall explaining to a friend: “The camera is inferior, it doesn’t have Flash and the battery life is useless. But just look at it. I don’t care if it doesn’t work – I want one!” There’s a kind of mysterious synergy – the sum of the parts don’t add up to much but somehow, the whole is huge. It’s the same with some business and technology innovations. And in the invoicing space, it’s beginning to have a remarkable effect.
Consider these areas of potential saving. Which delivers the biggest savings in a recession? Reduced Supplier Costs Working Capital Management Reduced Inventory All provide great opportunities for savings but, I have to say that if I had been asked this question, I’d have ranked the savings in that order...
At a time when the global economy remains uncertain, lending difficult to secure and the light at the end of the recession tunnel still somewhat ambiguous, spending millions of dollars on new IT is not a high priority. For small to medium sized businesses (SMB)...