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LUCYD Superpowers Vizibl
The team at Old Street Labs is proud to announce that LUCYD, a cognitive artificial intelligence engine, is now powering smarter decisions on Vizibl. What is LUCYD? LUCYD is the cognitive engine for...
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Supplier Engagement: Do the Exact Opposite of What You Do Now.
Do you, like me, find the material delivered at procurement conference getting a little repetitive? Do you lie awake at night wondering how you might finally move the conversations you heard at these...
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The 5 Steps to Business Continuity With Your Suppliers
For the last few weeks we’ve been discussing how to govern collaborative supplier relationships. From structuring your engagements to managing issues and conflict when it arises, there is a lot to be...
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Why Communication in Commercial Relationships Matters.
A good collaborative supplier relationship is a lot like a marriage. It’s capable of great things but without honest and open communication, is very likely to run off the tracks. When a problem arises...
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6 Tips for a Digitally Empowered Procurement Organisation.
Have you noticed the rising profile of the CTO? I have. The once backseat or non-existent member of the c-suite is now involved in nearly every critical business decision an organisation makes. Perhaps...
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Why I love Electrolux
I love Electrolux… There I said it. It’s not just because they make my whites whiter and my kitchen floor sparkle It’s also not because of clever advertisements where pranks are played blonde haired...
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Tiered Supplier Management Can Remove Tears from Supplier Management
In an earlier blog post we discussed the importance of creating a ‘statement of intent’ with your most critical vendors. In short, the statement of intent is a document that brings an organisation and...
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INFOGRAPHIC – Difference Between SRM and Collaborative Supplier Relationships.
We’ve discussed our dislike of the term Supplier Relationship Management (SRM) on Vizibl blog before. We reluctantly use the term because it’s the closest reference point to one part of the problem of...
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How Can Procurement Cope in the New World?
Ed – This week we welcome Marc Bruyninckx onboard as a guest blogger. Marc has more than 30 years of cross-functional experience working on both the demand and supply side of strategic relationships....
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Why Procurement Value Needs to be Defined Differently in Every Business
I’ve been speaking with Marc Bruyninckx recently, he’s an interesting guy with interesting thoughts about the future of business and in particular procurement’s role in forging that future. He captured...
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The 9 Things SRM can Learn from Facebook
So… Is Facebook the greatest Supplier Relationship Management tool ever created? Hear me out. Facebook covers a number of the key facets that are important to successfully managing supplier...
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Coupa IPO – What to Expect
The clock is ticking on Coupa Software’s upcoming IPO… tick…tock. The big event will take place on Thursday October 6th with when the company will issue 6,700,000 shares at between $14 and $16 a pop....
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Coupa IPO: Is Procurement Software Sexy?
Last week I asked if you were going to invest in Coupa…. Well… Did you? I bet you wish you did. Perhaps you did. Perhaps you are reading this dispatch from a beach in Cancun with a Margarita in your...
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The CPO is Dead – Long live the Chief Value Officer
Ed – He’s back!! Marc Bruyninckx returns to the Vizibl blog for the next in a series on what procurement needs to do to survive!! Everyone agrees with Jordan Early’s statement that procurement needs to...
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What is ‘Value Beyond Savings’?
That’s right I’m going there. Like ‘Big Data’ and ‘Cloud Computing’ before it, the phrase ‘Value Beyond Savings’ is all the buzz at the moment. In an ode to buzzwords the world over, in 2013 Dan Airley...
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White Paper: Are You Getting a Return on Your Supplier Relationships?
We’re launching a new white paper today, Return on Relationships – A Deep Dive. If you are wonder what exactly we mean when we talk about return on relationships (RoR), you’re not the first to ask....
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New Year, New Research. Well Sort of…
Moving beyond reporting incremental cost savings is something that we talk about a lot at Old St Labs. In fact, we think it’s the only way to negotiate the current environment of disruption and...
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Is Focusing on Savings the Dumbest Idea in the World?
Jack Welch, the former CEO of General Electric (GE) is a much lauded leader. So much so that he was dubbed the Manager of the Century by Forbes Magazine. Welch is so deeply respected because he was...
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WEBINAR – The CPO Must Think Business First
Ask your procurement team today if they fully understand their company’s business strategies and what’s expected from them in order to help achieve company goals, and you will likely get a “no”....
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Does your procurement department make the news or report the news?
It’s time to start making the news. Cost and spend analysis is, by its very nature, historical. You can only analyse and make decisions based on what has already happened which sadly, is too late....
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