by Janice Marquardt | Aug 5, 2025 | Savings, Supply Chain Career
Like any industry, procurement has its lingo. RFP, RFI, RFX, bids, suppliers vs. vendors (that’s a whole other topic!), maverick spend, cost avoidance, tail spend, e-auction, TCO, punchout, and a myriad of other things. But presiding over all of these other terms:...
by Janice Marquardt | Jul 29, 2025 | Creative Solutions, Processes
There comes a time in every supply chain team when a spend analysis is useful. It happens much sooner in the supply chain maturity model than most people realize, and it’s an incredibly useful thing. A spend analysis gives you a good view of your top suppliers, their...
by Janice Marquardt | Jul 22, 2025 | Contracts
After a hard-fought battle, you finally have contract terms and conditions with a supplier. Awesome! But now you want to use that same supplier for a different material or different scope of work, and the idea of renegotiating that contract again is daunting. It’s...
by Janice Marquardt | Jul 15, 2025 | Supply Chain Career
Like most supply chain/procurement professionals, I definitely didn’t start here. I was going to be an engineer, climbing the expected chain from Design Engineer to Project Engineer to Engineering Manager and then maybe VP of Engineering. It was going to be organized,...
by Janice Marquardt | Jul 8, 2025 | Definitions, e-Auctions, Savings
On a call with a client today, they asked me how a “lump sum” bid is different from a “unit price” bid. This led to a larger discussion about risk vs. cost in a supply chain and this client team said to me, “You should write an article about this topic.” So here we...
