In this video, K2 Sourcing provides perspective on reverse auctions for procurement. If you take one thing away from this presentation, it is that a reverse auction is one of many tools to help automate the strategic sourcing and, ultimately, the category management process.
“Out of all of our procurement departments, indirect is our largest organization,” Kevin Bell, Senior Manager, Head of Supplier Diversity and Development Purchasing, proudly tells My Purchasing Center. “So the number-one supplier in our largest purchasing organization is a diverse supplier.”
My Purchasing Center talks to Anthony Aming, Enterprise & Business Applications Architect at Baker Hughes, on what it takes to receive recognition from ProcureCon and IACCM.
Running a purchasing or supply chain organization poses unique challenges to a leader. Purchasing organizations are constantly “fighting fires”, handling unique crises and influencing a broad network of people internally and externally. The range of personal contacts, cultural differences, emotions and challenges is global. In two of my books I have used poetic license and characterized the so called normal purchasing day as “zoo-ee”.