Thanksgiving, when celebrated properly, is an excellent metaphor for a well-managed and executed procurement and supplier management function. Perhaps the best illustration linking the two concepts together is turkey. Now, being the gourmet urban dweller I am, I’ve sourced Turkeys for as much as 4.59 bucks per pound from local free range, organic purveyors at the farmer’s market. But trust me — it’s a complete waste when it comes to taste and overall guest for satisfaction. You can serve a much better turkey by buying a pre-frozen one that’s already been injected with a brining solution — saving you the brining process time, a critical step — for 50% or less than the cost of a yuppie bird. And you’ll feel all the better for it, getting a better result while saving your hard-earned dollars (or spending the difference on a donation to a local soup kitchen).
By Jason Busch on November 26, 2009
Obsessed with how companies manage, spend and save money, Jason writes about procurement, trade and supply chain issues @ Spend Matters. He has significant first hand experience developing and marketing technology and services products, has advised numerous companies on sourcing and related techniques as well as M&A pursuits. In previous lives before tech, he was a management consultant and merchant banking analyst.