Recently we wrote about spend analysis and in particular how important it is for spend analysis to be meaningful in a commercial sense. Analysis for the sake of analysis is worse than useless – it makes you look like a fool
Peter Smith in Spend Matters recently wrote about his naivety as a young purchasing manager thinking that corruption always happened somewhere else. Well, as he writes, it doesn’t and as Peter points out in a few examples, it is not just in far flung places…
Delivering actual, tangible saving to the balance sheet as opposed to claiming theoretical benefits is what separates the men from the boys in purchasing.