100 Greatest Supply Management Tips Are As Close As Your PC

ATLANTA - Procuri has released The 100 Greatest Supply Management Tips of All Time!, a new, electronic book containing proven and practical approaches for spend analysis, sourcing, contract management, and supplier management improvements. The eBook, available for free at www.topsupplytips.com, is filled with actionable approaches that can be implemented quickly, with limited resources, and at little or no cost.

Compiled and edited by Procuri’s senior vice president of marketing Tim Minahan, the eBook is part of an ongoing Procuri initiative to foster best practice exchange, elevate the supply management discipline and make supply excellence accessible to the broader market. The tips outlined in the book reflect practitioner and consultant input and approaches that have been tested and proven in enterprise environments.

Positive Reviews from Key Industry Veterans and Influencers

The eBook has already received positive reviews from supply management veterans and key industry influencers:

"The 100 Greatest Supply Management Tips of All Time! is full of good basic common sense, as well as insights that can save money right away, like requiring bids in your currency to shift the risk of currency fluctuations. It’s a must read even for old pros and a desktop companion for new buyers.” Doug Smock, editorial director GlobalCPO.com and co-author of On-Demand Supply Management.

"Procuri’s new eBook offers a host of commonsense best practices to help procurement executives increase their function’s impact on the enterprise’s bottom line. The suggestions provide guidance for improving processes within Supply Management, across the enterprise and throughout the value chain. Procurement chiefs can use the tips as a checklist to benchmark their organization against best-in-class leaders.” Andrew K. Reese, editor, Supply & Demand Chain Executive.

“The 100 Greatest Supply Management Tips of All Time! is a great collection of wisdom for everyone from the buyer to the CPO. Supply management professionals are sure to find more than one of these tips to be of immediate value.” Vance Checketts, channel director, Global Supply Management Research at AberdeenGroup

Sample Tips

Tip #11: Create a Crisis: Whenever possible, link your supply management initiative to a top corporate goal or challenge, such as complying with the Sarbanes Oxley Act or managing risk. This speeds alignment and can help secure executive and stakeholder support.
Tip #13: Become Multi-Lingual: Gain support and respect from other groups by translating the benefits of your supply management initiative into their language. Example: When sourcing advertising, don’t highlight cost savings. Instead, tell marketing managers how you’ll help ensure brand integrity, speed turnaround times, and stretch their budget dollars.
Tip #24: Fire Your Best People: Remove your best team members from their day jobs and put them in charge of your most important supply management improvement initiatives. This ensures program success and helps retain talent.
“The tips included in this eBook are not complex. In fact, many of the recommendations can be implemented without additional budget dollars or resources,” said Minahan. “The tips allow any organization, regardless of size, to begin driving improvements in supply management performance today.”

The 100 Greatest Supply Management Tips of All Time! includes links to additional free resources including case studies, reports, and online tools. The eBook is supported by an online community (www.topsupplytips.com) that encourages readers to provide feedback and offer their own supply management improvement tips and experiences.

Online Community and Contest Encourages Practitioners to Share Proven Tips

To coincide with the availability of the eBook, Procuri has launched a global search for the greatest supply management tip. Practitioners are encouraged to submit their best tip at www.topsupplytips.com by July 31, 2007. Readers will then cast their vote on the best tips. The practitioner offering the most innovative and cost-effective recommendation will win a complimentary pass to AberdeenGroup’s Global Chief Procurement Officer’s Summit (CPO), November 13-14, 2007 in Boston. The winner will also receive free hotel accommodations at Boston’s Seaport Hotel and Trade Center throughout the event.

Submissions received before July 31 will be compiled and available for judging on August 15, 2007 at www.topsupplytips.com. The winning submission will be announced on October 9, 2007, the first day of Procuri Empower 2007.