Is Best-of-Breed the Best Option?

For B2B software solutions, buying an All-In-One solution that covers many bases or buying several Best-of-Breed solutions is always the question. Many large companies strongly consider an “All-In-One”, at least at some point in their sourcing process, for a variety of reasons. The thinking often goes that one solution can take care of many “must-haves,” and there’s only a single … Read More

Spend Matters Takes a Closer Look at Symphonia

Normally, we use this space to talk about ourselves or various supply chain issues, but we also like to know what others are saying about us. We are thrilled that the team over at Spend Matters  took the time to perform a Vendor Analysis of Veriscape and our Symphonia SupplyChain™ solution. They did their research, got customer feedback, asked the … Read More

Making Your Solutions Work for COVID-19 Recovery

The world is decidedly different than it was in the summer of 2019, and it can be hard to keep up with all the changes to how we’re doing business. Despite all of these changes in the world, most of us are navigating it with the same systems we had years ago. It’s already become evident that needing ink signatures … Read More

The Behaviors and Attitudes That Set Resilient Organizations Apart

We’ve all been wondering for at least the last several months what tips and tricks we can use to make our businesses more resilient. It’s worth taking a step back, though, and looking at what resilient businesses fundamentally do differently. It’s not just an issue of getting through the current or the next disruption intact; it turns out that the … Read More

Community Resilience Strengthens Business Resilience

We are all looking to build resilience into our businesses, but it’s worth remembering that resilient businesses and organizations are not an island unto themselves. For organizations to be resilient in the face of disruption, the communities they are in must be resilient as well. Obviously, an organization can’t keep moving forward if every disruption leaves its surrounding community struggling … Read More

Supply Chain Resilience Strategies for an Ongoing Crisis

It’s likely that many if not most supply chain professionals have experienced disruption at some point in their careers. Whether disruptions come from a natural disaster, a man-made accident, or some sort of civil unrest, most of these disruptions have a finite time in which they took place. A major storm could cause a disruption, but it will be over … Read More

Supply Chain Risk & Resilience: Short-term Strategies for Disruption

Supply Chains, especially global Supply Chains, are always facing a variety of potential risks. From natural disasters and transportation failures to political instability and cyber security, risk is a potential from many different directions. While it’s likely that any global organization has dealt with incidents of localized disruption, a rolling, global pandemic is posing a whole new set of challenges. … Read More

Creating and Developing Your Ideal Supply Base

The job of a procurement team is not just finding the lowest price for a product. Putting together the best possible supply base possible for an organization is a far more complicated process. It requires strong analytical skills, strong communications, and plenty of research. While price is always a consideration when considering prospective suppliers, the right supplier isn’t necessarily the … Read More

Creating Procurement Success with Supplier Diversity

Finding the right suppliers can be a challenge, and it’s a critical part of any procurement team’s job. The best partnerships come from cultural compatibility, having common goals, mutual respect, and so much more.  It’s not simply about picking the supplier who can offer the lowest price, it’s making sure that the supplier that is chosen is really the best … Read More

Predictive Analytics: The Future of Procurement

With advancements in AI and machine learning, a supply chain that can generate in-depth analysis is highly desirable and vital. The goal for many executives is to have an analytics system so advanced it can notify an organization of potential problems before they arise and effectively minimize risk exposure. But before we can predict what will happen in the future, … Read More