{"id":2159,"date":"2006-06-11T10:52:00","date_gmt":"2006-06-11T10:52:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2006\/06\/11\/cost-savings-ideas\/"},"modified":"2021-07-28T08:32:53","modified_gmt":"2021-07-28T12:32:53","slug":"cost-savings-ideas","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/cost-savings-ideas\/","title":{"rendered":"Cost Savings Ideas"},"content":{"rendered":"

I hope that you have enjoyed the article \u201cCost Savings Ideas: EDMC Case Study.\u201d<\/p>\n

It was a real pleasure working with Dr. Lunney. I met her at one of her speaking engagements last year and she really impressed me with her knowledge of, and passion for, procurement.<\/p>\n

One caution that I do want to make about the article is this: Dr. Lunney\u2019s 4-step sourcing process is indeed a very appropriate way of envisioning the process from her level (she is a Vice President of Procurement). But, taken out of context, this process can seem incomplete.<\/p>\n

At the buyer\/purchasing agent\/purchasing manager level, I believe that there needs to be a more granular description of the sourcing process. We actually teach a 10-step sourcing process in our class \u201cSavings Strategy Development.\u201d This ensures that more \u201ci\u2019s\u201d are dotted and \u201ct\u2019s\u201d are crossed.<\/p>\n

Again, it is not that I am saying that Dr. Lunney\u2019s process is \u201cwrong\u201d and ours is \u201cright.\u201d I believe that they are both right on.<\/p>\n

But it is important to know the audience for which each process description is designed. A 10-step sourcing process is way too detailed to share with an executive-level individual and a 4-step sourcing process is not specific enough to be crisply followed by the individuals who will actually execute the process.<\/p>\n

In closing, I\u2019d like to recommend that you take advantage of any opportunity you may have to hear Dr. Lunney speak. She is truly special talent in the supply chain world and I feel very fortunate that she was willing to share her expertise with our community.<\/p>\n

Become a member of one of the world\u2019s largest procurement associations today.<\/a><\/p>\n

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Recommended Reading\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n