by Janice Marquardt | May 6, 2025 | Creative Solutions, Definitions, Processes
A large part of many corporate jobs is presenting data. Typically presented in chart form, data is intended to help others (especially management) make decisions, plan for the future, and understand the current state. This is especially true in a supply chain team,...
by Janice Marquardt | Apr 15, 2025 | e-Auctions, Processes
“The 80/20 rule always applies” is a phrase I’ve lived with so long I don’t even know where I heard it first. But I’ve definitely repeated it – to my teams, to clients, to my poor family who are no longer at all interested (if they ever were). But what is it,...
by Janice Marquardt | Apr 1, 2025 | Definitions, Processes, Savings
Back in January, we talked about tail spend and ways to reduce your spend with the bottom 20% of suppliers. But what if you don’t really know which tail spend items/suppliers to keep and which to get rid of? What else should we think about when classifying our...
by Janice Marquardt | Mar 4, 2025 | Creative Solutions, Definitions, Processes
Item numbers can be so powerful. An item number for a part provides a common spec/description, a way of tracking a part across time and different suppliers, and increases the efficiency of a supply chain. Item numbers, also known as part numbers, material numbers,...
