{"id":2104,"date":"2005-07-13T14:00:00","date_gmt":"2005-07-13T14:00:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2005\/07\/13\/inside-supply-management\/"},"modified":"2023-06-15T09:12:40","modified_gmt":"2023-06-15T13:12:40","slug":"inside-supply-management","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/inside-supply-management\/","title":{"rendered":"Inside Supply Management"},"content":{"rendered":"

If you subscribe to Inside Supply Management magazine, turn to page 37 of this month\u2019s issue (July 2005).<\/p>\n

Don\u2019t miss updates on Procurement & Supply Chain, Subscribe here!<\/p>\n

There, you\u2019ll find a quote from me answering the question \u201cWhat\u2019s most critical when adapting to a new spend or commodity area?\u201d<\/p>\n

I reply with a 4-step process that I\u2019ve successfully used. I won\u2019t duplicate the article here, but here is the outline of the process:<\/p>\n

1. Analyze transaction data<\/p>\n

2. Engage key stakeholders in the sourcing process (a strategic sourcing best practice)<\/p>\n

3. Consider future demand forecasts<\/p>\n

4. Benchmark externally<\/p>\n

The article contains more \u201cmeat\u201d on what each step involves.<\/p>\n

I welcome you to post your comments on the article here. Just click the comments link below. (Valium<\/a>) <\/p>\n","protected":false},"excerpt":{"rendered":"

If you subscribe to Inside Supply Management magazine, turn to […]<\/p>\n","protected":false},"author":12,"featured_media":4052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\nInside Supply Management - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/inside-supply-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inside Supply Management - Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"og:description\" content=\"If you subscribe to Inside Supply Management magazine, turn to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/inside-supply-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2005-07-13T14:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-15T13:12:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/11\/nlpa-images-061.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/inside-supply-management\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/inside-supply-management\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Inside Supply Management\",\"datePublished\":\"2005-07-13T14:00:00+00:00\",\"dateModified\":\"2023-06-15T13:12:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/inside-supply-management\/\"},\"wordCount\":130,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"articleSection\":[\"Procurement\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.certitrek.com\/nlpa\/blog\/inside-supply-management\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/inside-supply-management\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/inside-supply-management\/\",\"name\":\"Inside Supply Management - 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