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Reflections on FUSION 2011 – Part 1
Dateline: May 8-12 Event: FUSION 2011 Host: The Institute of Financial Operations Place: Orlando Gaylord Palms Resort & Convention Center The newly rebranded Institute of Financial Operations (“IFO”) hosted its... Read more
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ROA – Capital Machinery and Equipment
Continuing the discussion of increasing your ROA or Return on Assets – this article will look at how procurement can improve the ROA on capital equipment. While increasing the utilization... Read more
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Case Study: Payment Terms & Strategies
The healthcare company that was highlighted in this earlier article is pressed for cash, having lost millions of dollars in each of the last two years. While there is also... Read more
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The CFO and the CPO: One World
Perhaps it is because I spent the first half of my career in finance as a consultant and banker and the second half of my career dedicated to procurement (or... Read more
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Suppliers: Pay Them Now or Pay Them Later?
They say that “fast money makes fast friends,” but paying slow will make you friends in the finance department. As Chief Procurement Officers and their departments become more involved in... Read more
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Free Money (Details Inside)
With interest rates hovering near their all-time lows, finding a good yield on an enterprise’s cash has been all but impossible for the past few years. Things have gotten so... Read more
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MMQ – Procurement Rorschach Test – Is Procurement a Finance or Operations Function?
Monday Morning Query: Is Procurement a Finance or Operations Function? The Context The next topic that Ardent Partners (a leading supply management research firm) will be focusing on is the... Read more
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Leverage – Procurement’s Big Impact on Profits
We’ve spent the past few articles (here and here) looking at the impact that a procurement department’s net contribution can have on profitability and placed that impact in the relative... Read more
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…Is a Nickel, Dime, or Quarter Earned
After a sly rambling preamble about the acidic rain of costly pennies from heaven, our discussion last time, A Penny Saved, turned to the extraordinary impact that ordinary procurement results... Read more
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A Penny Saved…
Riddle 1: When is a door not a door? When it’s ajar. Riddle 2: When is a penny not a penny? Since 2006. 2006 is the year when the cost... Read more