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    Information and Research Resources for Procurement Professionals
    Information and Research Resources for Procurement Professionals
    Information and Research Resources for Procurement Professionals
    Ebook72 pages1 hour

    Information and Research Resources for Procurement Professionals

    By Jeanette Jones

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    About this ebook

    The goal of this book is to help procurement professionals find information in the areas of strategic sourcing, supplier management and purchasing. Specific research resources are listed in sections that include: supplier identification, supplier diligence, category market intelligence, best practices benchmarking, pricing, associations, websites, magazines, blogs, and research/analyst firms.

    LanguageEnglish
    PublisherJeanette Jones
    Release dateApr 7, 2013
    ISBN9781301846085
    Information and Research Resources for Procurement Professionals
    Author

    Jeanette Jones

    Jeanette Jones, founder of Cottrill Research, has more than 20 years experience in corporate and academic libraries. Ms. Jones' corporate experience includes establishing libraries with research functions for Arthur Andersen and Bank One (JP Morgan Chase) and providing research services to support the Strategic Sourcing Group for Wachovia. In these positions, she routinely researched and wrote about industry and competitor trends and events, enabling consultants and procurement professionals to make informed critical decisions. In addition to her corporate expertise, Ms. Jones has academic experience, including serving as an adjunct professor for seven years at Ohio Dominican University, where she taught a Special Libraries class for the Library and Information Sciences Department. In addition, she has five years experience teaching research and information literacy skills to students at Collin College in Frisco, Texas and College of Southern Nevada, in Las Vegas. She has authored detailed research guides covering the subject areas of business, supply chain management, hotel management, casino management, and culinary arts/food and beverage management. Ms. Jones has a Master of Library Science degree from Kent State University and was the first place winner in the Dow Jones News/Retrieval Fifth Annual Professional Researchers Essay Contest. She is a member of the Association of Independent Information Professionals, Special Libraries Association, and Institute of Supplier Management.

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      Book preview

      Information and Research Resources for Procurement Professionals - Jeanette Jones

      Information and Research Resources

      for Procurement Professionals

      Published by Jeanette Jones at Smashwords

      Copyright 2013 Jeanette Jones

      Table of Contents

      Introduction

      Supplier Identification

      Supplier Research and Diligence

      Supplier/Category Market Intelligence

      Pricing

      Best Practices and Operations Benchmarking

      Research and Analyst Firms

      Professional Associations and Organizations

      Websites and Networks

      Magazines and Journals

      Blogs

      Consulting Firms

      The Basics—Dictionaries and Glossaries

      Google Search Tips

      Sources

      Author Bio

      Introduction

      Knowledge is of two kinds. We know a subject ourselves, or we know where we can find information upon it.—Samuel Johnson

      This is a popular quote that was relevant when it was written in 1775 and will, I predict, remain so far into the future. Even in this time of accelerating technical advances in the areas of search, big data, and the powerful collaborative possibilities of social media, researching and finding information still boils down to the simplicity of this quote.

      The goal of this book is to help procurement professionals find information upon the areas of strategic sourcing, supplier management and purchasing.

      Supplier risk has become a topic of great importance as more companies expand their operations globally and are relying on suppliers in different parts of the world, sometimes at the mercy of forces beyond their control (tsunamis, storms, political unrest). This has led to a more focused examination of supplier intelligence and the need to understand the markets and industries in which suppliers are operating.

      As a procurement professional, it’s a best practice that you make decisions based on research and information that is current, relevant and of the highest quality. The goal in using these resources is to help you stay in front of supplier risk issues or keep from being blindsided by a disruptive technology or unexpected event.

      The internet certainly makes readily available information that is useful to you for procurement purposes. However, it’s easy to get frustrated with the information you find because the results are either too high level or not specific enough.

      On the flip side, the valuable information used for critical decision-making often times is not free, and can be very expensive. Choosing the wrong resources to search leads to inefficiency, and often, paying too much for information that is not on target.

      This guide highlights the best resources to use, always with an eye for value and with the understanding of the crucial role that quality information plays in the decision-making process.

      Miscellaneous Note:

      There are many varied views concerning the differences between and definitions of purchasing vs. procurement vs. sourcing. For the purpose of this book, I am using the term procurement as defined by PurchasingInsight.com as my guide in determining the scope of resources to include.

      To define procurement broadly, ‘Procurement’ is the overarching function that describes the activities and processes to acquire goods and services. Importantly, and distinct from ‘purchasing,’ procurement involves the activities involved in establishing fundamental requirements, sourcing activities such as market research and vendor evaluation and negotiation of contracts. It can also include the purchasing activities required to order and receive goods.

      Supplier Identification

      Some Databases Use Industry Codes

      Industry Codes—SIC and NAICS

      Research resources that provide industry information will sometimes use codes to make searching easier by grouping or classifying like companies into industries. There are

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