Being a maverick isn’t always a bad thing. In fact, the ability to think outside the box and innovate is a desired employee trait in most industries. BUT, what happens when procurement managers go rogue? They try to act as mavericks and reach out to suppliers that aren’t part of the company’s list of pre-approved…
‘Maverick spend’ is the expense resulting from purchases made within an organization by circumventing pre-established procurement policies and other standard corporate procedures. Such rogue spending and lack of automation can cause serious losses to a company’s bottom line. As illustrated by data from APQC’s Open Standards Benchmarking in procurement, organizations that do not take steps…
According to ProcurementBulletin (PB), a web magazine devoted to helping supply chain professionals stay informed, eighty-five percent (85%) of maverick buying (uncontrolled buying) is not uncommon. In other words, very few companies have an e-Procurement system that captures the benefits of a sourcing initiative, for example contract usage and compliance. The result is maverick buying…
Prime Advantage, a buying consortium for midsized manufacturers headquartered in Chicago, with 750 member companies and more than 125 endorsed suppliers announced the findings of its 14th edition of the Purchasing and Manufacturing Survey, revealing financial projections and procurement insights from more than 750 U.S. manufacturing companies. One of their key findings of the survey:…
According to the Oxford Dictionary website the origin of a word “maverick” dates back from the 1860’s and stems from the name of a Texas lawyer and land baron, Samuel A. Maverick, who refused to brand his cattle. Today, a maverick is generally someone who does not go along with the group and is viewed…
Picture an empty water glass. Now place a bunch of rocks into the glass filling as much of the glass as possible. Is the glass really filled? Of course you know the answer is ‘no’, since you’ve probably heard this metaphor before, but it’s the perfect symbolism to describe the world of IT business…
If you are a Supply Chain or IT Professional using the QAD Enterprise Application (EA) and are responsible for setting up Items in QAD, you know the challenge that can be, especially if multiple people within your organization need to be involved in the process. You know that for certain types of Items there are…
If you are a Supply Chain or IT Professional using the QAD Enterprise Application (EA) and are responsible for setting up Items in QAD, you know the challenge that can be, especially if multiple people within your organization need to be involved in the process. You know that for certain types of Items there are…
QAD Users can now Charge a PO to multiple Cost Centers and GL Accounts Is your organization creating multiple unnecessary Purchase Orders because the PO needs to be charged to different Cost Centers and GL Accounts setup in QAD? In this recorded how-to presentation we demonstrated how your organization can use ISS Group’s iPurchase™ PO…
Why is configuring YOUR companies Business Rules within an Approval and Workflow solution important to you and your organization? – Automate Policy – Enforce Process Control – Reduce Communication Lag – Standardize Procedures Automatic routing and approval of business rules give you operational efficiency as well as an audit trail and record keeping. Approvers can…
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