This year’s OESA annual conference began with Julie Fream, OESA’s CEO and president, reviewing the event theme: “Transform. Innovate. Lead.” She warned that the automotive industry is transforming and if you don’t follow suit, you risk getting left behind. This message was further relayed throughout the day when Neil Boehm, VP of engineering at Gentex said, “you have to change with the times or you won’t exist,” when discussing the impact of new technology. The...
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Every human, business, government entity, public or private organization depends on data-based facts and evidence to make day-to-day decisions. Whether quick, agile, based on extended discussions, or based on an in-depth analysis of data, all decisions require supporting data. The question is, where and how does an entity get its underlying data from? And how does an organization process that data to generate information that forms the basis for its decision-making? This is the foundation for the use of data, data analysis, and data-based analytics. How...
In our last post. we discussed adopting spend under management (SUM) and the first of five principles. Here are the other four: 2) Purchase through a formalized requisition to purchase order approval process. The purchasing processes of an organization should be governed by policies and procedures that are complete and enforced universally. Simply having them in place is a starting point but the key issue is enforcement. Are all the spend areas incorporated? Does my...