Barb Shepard, President Global Supply Management

books:


	• The Incredible Payback: Innovative Sourcing Solutions That Deliver Extraordinary Results Dave Nelson, Patricia E. Moody, ... AMACOM, 2004 - 288 pages average customer review:based on 5 reviews view larger image
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highly recommended

A Holistic Approach

A recent magazine article about Nelson's success sparked my interest in his methods. I acquired the The Incredible Payback to learn more of Nelson's purchasing and supplier development experiences and ideas. In this book, he details how these functions can improve the financial health of a business. His presentation is clear and comprehensive, covering many practices that have led both him and others to success. He shares cost reductions resulting from the implementation of these practices. He explains the critical role of software relative to his purchasing and supply chain management vision. I'm eager to apply the ideas that Nelson has presented.

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On target for leveraging large company savings

This book highlights a key aspect of how companies can leverage global purchasing for direct and indirect goods and services. My experience suggest that companies undervalue what goes on in the purchasing function and the potential impact of the function on the bottom line. However, most companies must use purchasing information from diverse sources to better exploit their cost saving opportunities in addition to managing suppliers smarter. This book makes a business case for targeting this opportunity.

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Barb Shepard, President Global Supply Management

The most comprehensive book with all the best practices, especially with the new one they have added with this book. Covers all the crucial factors that I have personally seen in practice and know that they work. A must have for any company striving to be "the best!".

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A great roadmap for executives

The Incredible Payback provides guidelines, advice, and insights from the experiences of people who have established strategic sourcing programs, and seen them through to completion. Maturing your supply management program can drive significant benefit in the form of lower costs, improved product quality, and improved supply chain responsiveness, and this book shows you how. A must have for supply chain executives on their bookshelf!

Must Read

Nelson, et. al., provide extraordinary vision to help firms set supply strategy that delivers a sustainable, competitive advantage. This book is not only a must-read for purchasing and supply management professionals but for the CEO. The single largest area for improving a companies profitability comes from enlightened supply management. This book is filled with in-depth examples of how firms can dramatically increase earnings and reduce costs in ways that strengthen not inhibit their supply base.

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The authors of the widely acclaimed The Purchasing Machine deliver an eye-opening look at the power of supply management with The Incredible Payback.This timely book presents amazing success stories from best-of-the-best procurement organizations like Honda, Delphi, John Deere, and others.Using the same cost-management strategies implemented at these leading organizations, The Incredible Payback shows how any company can reap benefits including:* saving up to 30 percent on material and service expenses* leveraging technology to accelerate savings* high-yield supplier development programs* extension of financial opportunities throughout the highest levels of the enterprise, exponentially increasing savings potentialGreat companies save money every day. Now every organization can realize The Incredible Payback

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