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You are here: Home > Business > Outsourcing > Cheap Sourcing - New Purchasing Game in Town or Most Ancient Practice on Earth |
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Casual Articles - Cheap Sourcing - New Purchasing Game in Town or Most Ancient Practice on Earth
Warren Buffet Essays are a Classic for Corporate Governance ing other territories and obtaining more goods and services from other cheaper sources.The Warren Buffet essays are as good for Corporate America as Milton Friedman’s papers were for Free Markets or Henry Kissinger's essays for Foreign Affairs. The stuff Warren Buffet wrote about is timeless. They are old now, but could have been written yesterday. Remember he is old school not a stock flipper, although today you could say he is a market maker, as his investments move stocks and industries. Well, I guess Kramer on TV is to The British Empire was built on trade and the desire to obtain goods, services and labour cheaply from all over the world. The British Empire gone even further and outsourced armies using other countries in Asia and Africa to fight the British wars up until to the Second World War. Cheap silk and spices from India, Cotton from Egypt and Tobacco from America and so on. Most wars in history were about obtaining It's Not What You Do; It's What You Do After You've Done It I was invited to participate in a round table discussion along with senior colleagues from the largest procurement organisations in Europe. The moderator of the forum asked a question to all the attendees:” what are your views on the latest thinking in procurement organisations – Cheap Sourcing”. People started answering while highlighting their experiences and the advances they have made into this new trend in Procurement.So how did you do? Really. No "nicey nicey" banal comments please on how it was "great". What really worked - and why? And what really didn't work - and why not? What role did you have? In the success? In the failures?After a project or an event, it's rare that anyone, either individually or as a team, sits down to reflect on what has unfolded.Ironically, the learning from an event comes primarily from the debrief rather t I felt a bit strange at the question and being a Chief Procurement Officer myself, I felt a bit embarrassed that I have never really given this “new” the importance it deserves or even though about it much. I must be totally incompetent as a procurement officer since in such an important forum a question like this is being put forward to the participants, or am I outdated and not keeping up with the latest trends and technologies in procurement? While the others were answering the question each in his own way, I scratched my head thinking to myself, well I do make good deals for my company, and in fact our deals are one of the best deals in the industry. We do search the globe for the best price and quality while focusing on continuity of supply to secure the company. The problem I have is that I never thought I was doing something extra ordinary or even implementing the latest “buzz” in the procurement industry. I didn’t think either that this was modesty on my behalf. As my turn was nearing and my confusion at the question was increasing. It suddenly occurred to me that there is something missing here and being from an Egyptian origin myself I though to myself, hang on, the ancient Egyptian have been trading all over the globe for seven thousands years, the mummies of the pharaohs still preserved today are all encased in Tobacco leaves that could only have been “cheaply” sourced from the Americas thousands of years ago. The roman empire invaded and occupied Egypt for only one thing, cheap and high quality Wheat to feed its army so that they could march further, occupying other territories and obtaining more goods and services from other cheaper sources. The British Empire was built on trade and the desire to obtain goods, services and labour cheaply from all over the world. The British Empire gone even further and outsourced armies using other countries in Asia and Africa to fight the British wars up until to the Second World War. Cheap silk and spices from India, Cotton from Egypt and Tobacco from America and so on. Most wars in history were about obtaining Mind Your T's And R's For Free Business Growth elf, I felt a bit embarrassed that I have never really given this “new” the importance it deserves or even though about it much. I must be totally incompetent as a procurement officer since in such an important forum a question like this is being put forward to the participants, or am I outdated and not keeping up with the latest trends and technologies in procurement?In my sort of business testimonials and referrals are the oxygen that powers the business growth. I try never to miss an opportunity to ask a Client, or a delegate, for a testimonial and similarly I always try to obtain three referrals from every Client I have.But why should that apply only to my sort of business? I'm sure we've all been in shoe shops where the assistant says:"a good choice sir (or madam) - I've got a pai While the others were answering the question each in his own way, I scratched my head thinking to myself, well I do make good deals for my company, and in fact our deals are one of the best deals in the industry. We do search the globe for the best price and quality while focusing on continuity of supply to secure the company. The problem I have is that I never thought I was doing something extra ordinary or even implementing the latest “buzz” in the procurement industry. I didn’t think either that this was modesty on my behalf. As my turn was nearing and my confusion at the question was increasing. It suddenly occurred to me that there is something missing here and being from an Egyptian origin myself I though to myself, hang on, the ancient Egyptian have been trading all over the globe for seven thousands years, the mummies of the pharaohs still preserved today are all encased in Tobacco leaves that could only have been “cheaply” sourced from the Americas thousands of years ago. The roman empire invaded and occupied Egypt for only one thing, cheap and high quality Wheat to feed its army so that they could march further, occupying other territories and obtaining more goods and services from other cheaper sources. The British Empire was built on trade and the desire to obtain goods, services and labour cheaply from all over the world. The British Empire gone even further and outsourced armies using other countries in Asia and Africa to fight the British wars up until to the Second World War. Cheap silk and spices from India, Cotton from Egypt and Tobacco from America and so on. Most wars in history were about obtaining Spot Potential Direct Mail Donors Using the 3 Cs of Fundraising Acquisition Letters r my company, and in fact our deals are one of the best deals in the industry. We do search the globe for the best price and quality while focusing on continuity of supply to secure the company. The problem I have is that I never thought I was doing something extra ordinary or even implementing the latest “buzz” in the procurement industry.What does an ideal new direct mail donor look like? How can you spot one in a crowd? Or in a list of potential donors? Look for the 3 Cs.CapacityThe most important measure is a potential donor’s capacity to give. Some development officers trip here, concentrating their energy on wealthy donors. But in direct mail fundraising, the majority of gifts are small. Donors don’t have to be wealthy, just willing. I didn’t think either that this was modesty on my behalf. As my turn was nearing and my confusion at the question was increasing. It suddenly occurred to me that there is something missing here and being from an Egyptian origin myself I though to myself, hang on, the ancient Egyptian have been trading all over the globe for seven thousands years, the mummies of the pharaohs still preserved today are all encased in Tobacco leaves that could only have been “cheaply” sourced from the Americas thousands of years ago. The roman empire invaded and occupied Egypt for only one thing, cheap and high quality Wheat to feed its army so that they could march further, occupying other territories and obtaining more goods and services from other cheaper sources. The British Empire was built on trade and the desire to obtain goods, services and labour cheaply from all over the world. The British Empire gone even further and outsourced armies using other countries in Asia and Africa to fight the British wars up until to the Second World War. Cheap silk and spices from India, Cotton from Egypt and Tobacco from America and so on. Most wars in history were about obtaining 10 Networking Myths For Newbies-To-Networking here is something missing here and being from an Egyptian origin myself I though to myself, hang on, the ancient Egyptian have been trading all over the globe for seven thousands years, the mummies of the pharaohs still preserved today are all encased in Tobacco leaves that could only have been “cheaply” sourced from the Americas thousands of years ago.It's a given, isn’t it? If you're in business, your number one job is to market. If you keep your business a secret - don't let people know how you can help make their lives better and what you do, you won't be successful - because no one will know that you're in business. How well you network, which is the "letting people know how you can help them" part, may well determine whether you succeed – or fail.There are four main types The roman empire invaded and occupied Egypt for only one thing, cheap and high quality Wheat to feed its army so that they could march further, occupying other territories and obtaining more goods and services from other cheaper sources. The British Empire was built on trade and the desire to obtain goods, services and labour cheaply from all over the world. The British Empire gone even further and outsourced armies using other countries in Asia and Africa to fight the British wars up until to the Second World War. Cheap silk and spices from India, Cotton from Egypt and Tobacco from America and so on. Most wars in history were about obtaining Networking Groups - Try To Attend Even When You're Moonlighting ing other territories and obtaining more goods and services from other cheaper sources.Networking groups often meet during the day. This poses a logistical problem for those computer and IT consultants who have regular jobs and are moonlighting as they try to start their business. Attending networking groups is critical for business success so you need to be able to balance the conflicting time schedules as effectively as possible.Here are some tips on how to attend networking groups when you're moonlighting:< The British Empire was built on trade and the desire to obtain goods, services and labour cheaply from all over the world. The British Empire gone even further and outsourced armies using other countries in Asia and Africa to fight the British wars up until to the Second World War. Cheap silk and spices from India, Cotton from Egypt and Tobacco from America and so on. Most wars in history were about obtaining goods and services from cheap sources in reality. This is why I didn’t understand the question in the first place. At this stage I collected my courage and let it all out to my colleagues and the moderator, they all enjoyed the remarks and laughed at it. I don’t think my remarks were funny at all. Sarcastic, may be but not funny. Cheap sourcing is not a new game in town for procurement departments to brag about, it is in fact the oldest game in town since all empires in history were built and motivated by finding new cheaper source for labour, goods and services to please their citizens. Put another way, all wars and empires were build and motivated by controlling these “cheaper” sources in the first place for the advancement of their own nations. These days the only difference is the fact that the acquirers of these goods and services have to pay the price which is usually still cheaper than obtaining it in their own country.
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