Today the White House announced a new initiative to assist small business owners – one that essentially depends on participation of big business. The initiative, available here, is asking that big businesses pay small suppliers earlier so that they do not have to extend their credit to stay in business. Many of the big names are signing on – Apple, Coca-Cola, AT&T, IBM, Fedex, Johnson & Johnson are on the list so far. It is a win-win for them – they have the capital and the PR doesn’t hurt.
The intentions of this act are great – faster payment is good for suppliers. But what is really needed is for the banking system to allow small businesses access to financial capital in the form of credit lines so they can do business and become self-reliant, rather than depending on big businesses for assistance.
To its credit, the initiative does advocate big businesses enabling a financing solution to help small suppliers access working capital at a lower cost, but it will be interesting to see how and if this type of assistance will be administered.
What do you think?
Last week we returned home from the 99th International Supply Management Conference held in Las Vegas, Nevada. As always, it was a great opportunity for us to network with our customers, peers, and introduce ourselves to newcomers. This year, in addition to requests for information about procure-to-pay solutions and best practices, we were asked a lot about integration. With many organizations having (expensive) ERP systems already in place, is it possible to get a procurement piece, AP, inventory, etc.? The answer is a resounding yes! Puridiom integrates with almost any system. With 31 years of working with systems in just about every industry, we have probably seen it all. But if you would like to challenge us, we would be happy to hear from you!
In addition to activity in the exhibit hall, the conference was full of great sessions and keynote speakers. Check out the ISM 2014 blog for a recap.
Next year will be the 100th year for ISM and we are anticipating a great event in Phoenix. Our booth is already reserved and we hope to see you there!
Puridiom invites you to join us at the 99th Annual International Supply Management Conference in Las Vegas, NV on May 5 – 8, 2014. We are hosting The Puridiom Power Station on the Exhibit floor at Booth #623. Some of the many reasons to stop by:
- Charge up your mobile devices at the Puridiom Power Station
- Find our more about Puridiom Mobile©
- Get a sneak peak at Puridiom 5.0
- Find out more ways to Power up your Procurement
- Get your Passport stamped – yes we are one of your Passport stops!
- Enter to win a Mophie® portable powerstation to keep you charged even on the go
Have specific questions for us? Set up a time to speak with us here. We’ll be happy to sit down and speak to you.
Not able to join us in at the conference? Follow us on Twitter® @PuridiomPros or type in #PowerUpPuridiom or #ISM2014 and we will keep you updated on events as they happen. We will be recapping the day’s activities on this blog.
If you are having trouble using Puridiom software, make sure that your are in compatibility mode on Internet Explorer.
To add a site to the Compatibility View List follow the steps below:
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To activate Internet Explorer 10 Compatibility View *
- On the Start Screen click the Internet Explorer, IE, desktop site.
- From the desktop view locate the IE icon on the taskbar and click it.
- Once IE opens, in the address bar enter the URL of the site where you are experiencing issues.
- Press Enter.
- Press the F12 key on the keyboard.
- At the top of the F12 panel, select Browser Mode IE 10.
- Select Internet Explorer 10 Compatibility View.
- Close the F12 panel by pressing the F12 key.
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Top-Notch Negotiations Generating Value & Revenue
Educational Webinar by Dr. Soheila Lunney, Ph.D
The ability to negotiate effectively in today’s turbulent business climate can make the difference between success and failure. Successful negotiators approach supplier negotiations as an opportunity to create value, rather than simply battle over price concessions. This educational webinar provides the art and science of building winning negotiation strategies for procurement professionals and contract administrators. Specifically, you will:
Presenter and Educator: Dr. Soheila R. Lunney, President, Lunney Advisory Group LLC
Dr. Lunney is co-author of “The Procurement Game Plan: Winning Stragegies & Techniques For Supply Management Professionals,” and subject matter expert of Procurement and Supply Management best practices. Her company provides coaching, mentoring, and training services that enable clients to pursue and achieve excellence in their processes and practices. Prior to founding her company, Soheila was vice president of procurement for Education Management Corporation (EDMC). She was also Director/Deputy to Chief Procurement Officer at Bayer Corporation where she held various positions with increasing responsibilities in research and development, logistics, customer service, materials management, and procurement.
Dr. Lunney is a frequent speaker on supply chain management at professional organizations and conferences, sole holder of a U.S. Patent relevant to Polyurethane Technology, and author of several publications. She is a popular blogger for My Purchasing Center.
Moderator: Dennis Toohey, Director of Solutions, Puridiom
Dennis Toohey is the West Coast Director of Solutions and Director of Health Care Solutions for Puridiom. He has been a major force in the West Coast operations, developing new business opportunities within education, non-profit and health organizations. A veteran of procurement, Dennis has 20+ years of experience in procurement management and systems, strategic sourcing, and supply chain management, and has a personal working history with the Puridiom solution. Dennis is a BBA and MBA graduate of the University of Notre Dame.
Participants who successfully complete this program will receive 1 hour of continuing education. It may be applied toward ISM CPSM recertification, CPSD recertification, C.P.M. recertification, and/or A.P.P. reaccreditation program requirements. Note: ISM does not endorse, certify or sponsor this program or its content.
What: The ISM 99th Annual International Supply Management Conference & Educational Exhibit
When: May 5 – 7
Where: Las Vegas, NV
Power Up Your Procurement Game with Puridiom. Join us in Las Vegas, NV, May 5 -7 2014, as we once again sponsor this annual event. ISM’s annual Conference delivers rich content from practitioners with a strong track record in the field. Find solutions in risk management, services procurement, talent management, and business management and supplier strategies. For more information or to register to the ISM website.
This year we are hosting the Puridiom Procurement Solution Center, Booth #623. Procurement specialists will be on hand to analyze your specific procurement needs and find the components that add up to a perfect procurement solution for your organization. While your there, tell us what you would like to see in a procure-to-pay solution and enter to win a Mophie Powerstation!
Can’t make the conference? Contact us, reference ISM conference in the message block, and we will be happy to have our procurement specialists speak to you. See you in Las Vegas!
Mobility in the world of procurement is becoming a reality. More companies are releasing apps to make procurement functions accessible on mobile and smart devices. IT departments are rethinking the use of these devices and policies are being developed. BYOD or bring your own device policies are one of the more popular practices being put into use by companies today, but this must be done with caution. The article Tips for Mitigating BYOD Security Risks published by baselinemag.com talks about the threats that can come with a BYOD policy and how to mitigate these risks. To summarize, the article recommends:
- Use mobile device management software
- Create an approved application list
- Employ password protected access controls
- User remote-swipe services
Taking these steps can greatly reduce the security risks that are associated with the use of personal devices at work. Puridiom recently released Puridiom Mobile, a procurement app that can assist the procurement professional on-the-go, when at remote sites, or for quick access to analytical data. Use policies will determine the how these tools can and will be used.
Join Puridiom next week, March 12 – 14, at SSON’s largest flagship event in North America, the 18th Annual North American Shared Services & Outsourcing Week, which hosts 800+ shared services and outsourcing practitioners, industry solution providers and leading analyst firms for 3 days of information-sharing, networking and benchmarking.
Voted as the #1 conference they would attend in 2014 by over 60% of our US customers, this SS&O event features SSC Site Tours, shared services implementation workshops, plenary and round table sessions led by SS&O senior practitioners and interactive networking opportunities for peer-to-peer and peer-to-partner.
New for 2014 are the Functional Focus Groups, which allow attendees to start the week with other professionals within the same function and/or facing similar challenges, including Procurement, HR (Human Resources), GBS (Global Business Services) and F&A (Finance & Accounting).
2014’s SSON Big Ideas Speaker is the former Creative Director of Apple, Ken Segall; previous speakers have included senior representatives from NY Mets, BBA Aviation, Volvo Group Business Services, Siemens, Nationwide Insurance, Travelocity, GAP, Google, Minerals Technology, and the Hertz Corporation.
Also joining in the speaker mix is Al Jacobs, COO and VP of Puridiom, speaking on the empowerment of Procure to Pay with AP processes. Learn how aligning procurement and AP, automating and adopting best practices can reduce cost and generate hard dollar savings in his session, Empowering the Procure-to-Pay Process with AP Services.
Benefit from client case study lessons, shared services benchmarking, G6 sell-side industry panel insights, and takeaways from the Shared Services & Outsourcing Excellence Awards Winners by registering for the event today. Discounted packages available for early bird registrations, end-user/practitioners and previous Awards Winners, as well as VIP criteria-based attendees. Email firstname.lastname@example.org with reference code ‘SSON_SPO__#1’ or call +44 (0)20 7368 9510.
18th Annual North American Shared Services & Outsourcing Week
March 12-14, 2013
Disney Contemporary Resort & Convention Center
Congratulations to Puridiom’s Shelly Sherony for being selected as a 2014 Supply & Demand Chain Executive Provider Pro-to-Know. The Provider Pros to Know is a listing of individuals from a software firm or service provider, consultancy or academia who have helped their Supply Chain clients or the Supply Chain community at large prepare to meet the significant challenges in the year ahead. Shelly’s dedication to her clients made her an obvious choice for this year’s list. Listening to users of the Puridiom solution and assisting them with their unique challenges provides a better understanding of the procurement process, which ultimately factors into the evolution of the procurement solution.
Do you have a procurement question that you would like to have answered? Challenge our newest Pro-to-Know and get your procurement questions answered!
Requisition Line items should always have Quantity of 0. Zero quantity Line items on requisitions will default to a Cancelled status when it reaches the Order.
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