Can you identify suppliers in 6 minutes?

A client recently logged into tealbook and started a VET (tealbook’s propriety supplier search engine) by entering three keywords: market access, reimbursement, emergency medicine. In 2 seconds, she got 8 supplier recommendations that met her requirements. 3 were known by her company and 5 were completely new to her. She entered a few critical requirements […]

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Can procurement and marketing really get along?

Procurement may be measured on savings, but we know many different bridges to take to get there. Each route to savings serves a different purpose for the groups we work with, and they don’t all have to do with getting the lowest cost provider. If procurement and internal stakeholders can align on shared goals—and there […]

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WANTED: Suppliers of Lifescience Companies

Are you a supplier of the following products and services? If you are, tealbook wants to hear from you! CRO, Patient Recruitment, CMO, Materials, Equipment, Transportation, HUB, Logistics, Market Access, Patient Adherence, Medical Communications, Medical Writing/Publication, Consultants, Social/Digital, Media, Advertising, Multi-Channel, PR, KOL Management, Meetings/Events, Sales Training, IT… and all other suppliers to lifescience companies! […]

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Time is Money in Procurement Category Expertise

This content was originally featured on My Purchasing Center. This balancing effort between time and outcomes is especially hard to strike for category managers. The time and thought required to build and maintain deep category expertise is often at odds with the persistent daily onslaught of tasks, responsibilities, and requests for support. While the results […]

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How can procurement rationalize the new supplier discovery process?

If there is such a thing as a ‘classic’ procurement strategy, it is supplier rationalization. We take a category of spend where there are far more suppliers under contract than our demand justifies and we concentrate our volume with fewer suppliers. In some cases, we may even recommend a single sourcing strategy, placing all of […]

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It is time to reinvent the way procurement manages supplier information

‘Back in the day’ procurement professionals used to talk about Supplier Information Management (SIM). Over time, information about supplier performance against established KPIs was incorporated and the effort became known as Supplier Performance Management (SPM). Now that supply base collaboration is all the rage, you’re more likely to read about Supplier Relationship Management (SRM), although […]

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70% of Procurement and Sourcing Pros Say the Best Source of Intel is…

Procurement and sourcing are rapidly evolving to become much more strategic, with greater ability to significantly impact operational health. In response to this growing opportunity, existing processes must be reviewed and, if necessary, streamlined. Processes that are too time-consuming or inefficient could delay the creation of value for internal stakeholders seeking strong supplier options. A […]

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Procurious’ Big Idea Summit: tealbook Founder and CEO Stephany Lapierre’s BIG Idea

When I received the request from Procurious asking me to share my Big Idea, I was thrilled but wasn’t quite sure where to start. There are so many! Launching tealbook, is a big idea in itself. Providing companies with their own trusted, collective supplier intelligence is changing the way procurement and sourcing access and share supplier information. That’s BIG! […]

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RIP to RFP – In Procurement 2016

Our very own Matt Mansfield was invited to write an article in this year’s first issue of In Procurement (@inprocurement). In this article, Matt addresses how far along the RFP process has evolved since the highly time consuming binder-based RFPs of his early procurement days (he does have a few grey hairs;-). Although the process […]

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Paradigm shifts for procurement

Over the last year, my team and I have spent countless hours speaking with procurement professionals. Driven to empower sourcing and make tealbook® the gold standard in collecting and accessing supplier information has made us listen attentively. The feedback we’ve collected has helped us better understand the pain points and evolving metrics for procurement, which […]

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