Announcing the Launch of ProcureSearch!
ProcureSearch is an open access hub that lists and updates key supply market intelligence resources.
In 2014, Kelly Barner and I published Supply Market Intelligence for Procurement Professionals: Research, Process, and Resources to advance procurement’s use of market intelligence in opportunity assessment, strategic sourcing, negotiation, supplier relationship management, and category management. Our goal was to write a book that details what the reader should do and then to provide the tools and resources to do so successfully.
Part I details the processes, program design considerations, and communications elements of a successful intelligence effort. Part II is an exhaustive compilation of resources that can be used to carry out supply intelligence research, including detailed descriptions and access information. Our goal for Part II was lofty: to comprehensively cover all key and notable research resources that are of value for procurement research.
Two lessons learned quickly materialized after the publication of the book:
1) it is not possible to list all of the resources available, and
2) it is a monumental challenge to keep resource lists refreshed and updated.
To address these issues, we decided to create a resources hub based on the book with listings that identify and update only selected resources for key direct and indirect spend categories, along with supplier and geopolitical risk discovery, due diligence, and monitoring sources. Resources that have been selected contain one or more of the following characteristics: high quality content, exceptional value, and/or procurement-centric. As in the book, professional development and thought leadership resources are also provided and are more comprehensively covered.
Supply market intelligence (SMI) plays a critical role in advancing procurement’s strategic value to the organization. Procurement has in its grasp, the opportunity to push discoverable supply market intelligence to its community of internal partners, as well as to the organization as a whole. Yet, understanding and obtaining the high quality information that is needed for SMI can be a challenge. ProcureSearch was created to help procurement professionals directly with this challenge, regardless of a department’s budget or staff size. Quality resources are listed that span a range of costs including many that are open access. We plan to continue building on the content currently presented. Keep checking back, as updates will continuously be added.