Archive for March, 2020

The Future of Work and Pay – Part I

Wednesday, March 11th, 2020

 

 

A timely repost from our SafeSourcing Archives.

The power of exponential growth is not something very easy to understand intuitively. The classic example of this, is the fabled story of the creator of the game Chess. The emperor who was enamored with the game asked its creator what he wanted for it. The game’s creator simply asked for rice, at a rate of 1 grain, doubled in number, for every square on the Chess board. This meant he received 1 grain for the first square, 2 grains for the second square, 4 grains for the third square, 8 grains for the fourth, and so on. Not until the emperor agreed, did he realize that he owed the game’s creator more rice than would be needed to build a pile the size of Mount Everest.

Similarly, not many people understand the rate at which technology is advancing today. Technology isn’t just  advancing, its rate of advancement is advancing. In other words, if technological advancement was represented visually on a chart, it wouldn’t be a straight line moving upward, it would be a line curving upward steeply. So steeply in fact, that you would need a new chart to represent it every few years just to be able to see the full curve. The computers that took us to the moon cost millions of dollars to create, filled warehouses, and had the computational power of a pocket calculator. Twenty years later, supercomputers would shrink to room-sized contraptions, but able to process at a rate of a full teraflop. Ten years later, I’d be playing video games in my living room on a game console with more computing power for a few hundred dollars. And today, my daughter has an even more powerful kids tablet that cost less than $100.

If you have found yourself wondering why there is so much talk in business right now about automation taking away jobs, it’s not only because more and more activities are being automated that used to be done by humans. It’s also because the ability of machines to do human’s jobs is growing exponentially. During the industrial revolution, thousands of workers lost farm jobs to factory farming. But that change took decades to take place. Today, a new app hits the market and makes thousands of jobs irrelevant in a day. Predictions today indicate that any job that requires financial analysis will be replaced by computer applications in the next 20 years. As technology advances, our ability to produce products faster and cheaper will advance with it. However, those advances won’t be limited to increasing the scale of the production of goods. Advances of scope in what is available to automation, in the form of algorithms that can analyze financials, grade students, scan x-rays, and create proposals, with a tiny fraction of the human input that it takes today.

Procurement won’t be safe from this advance either. In the coming decades, spend will be synced with market suppliers, and bidding will be automatic. Massive databases will house everything there is to know about a company, so that RFIs will be generated within minutes of the proposal being requested. While these advances will destroy many jobs, exponential growth will also increase the wealth available.

For more information on how SafeSourcing can assist your team with this process or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative. We have an entire customer services team waiting to assist you today.

 

 

Looking Back Helps you look forward

Monday, March 9th, 2020

 

Today’s post is from our  SafeSourcing Archives.

I believe it’s important to take a look in the rear-view mirror once in a while. To evaluate where you started, what it took to get further, your method for navigating, or things you wished you had done differently. Over the course of 6 years at Safe-Sourcing I have learned a lot, and think it’s worth sharing what I want to keep doing in the form of professional habits. However, the most valuable lessons might be just identifying how I want to grow, and what I want to do better:

Professional Habits:

Taking notes: Just do it. Maybe you want to appear as though you didn’t need to be told something to do it, or you just don’t like writing things down. Researchers have determined that we only retain about 11% of what we read or hear on average, and that isn’t nearly enough when you are having a fairly detailed conversation upon which the success or failure of your project may be determined. So do yourself a favor: Take notes for everything, and save them in a format that works best with your workflow (Laptop document, email, cellphone app, hand written, etc.) and check them off as you implement them.

Correlation: In procurement and inventory control, this means having unique identifiers that link 2 or more variables together. For example, how would your GPS app navigate you to the right location if there were multiple buildings with the exact same address in your city? A lot of people would get to the wrong place. Unique identifiers are a lot like addresses; they lead to a unique product or spec, so that there is no room for ambiguity in identifying exactly what you are looking for. Committing to a specification of a product because it “looks like” the specification of another is relying on luck to get the right product to fit your needs, and it will eventually end up biting you. Relying on exact matching of unique identifiers will make sure that what you want, and what you get, end up being the same thing.

Changing/Adapting: This requires a consistent willingness to reinvent one’s-self, and the humility to assume we always have new things we can learn. Sometimes this means taking notes, implementing a new policy off of those notes, and changing the way we do something going forward without having to check that its getting done right. This could also mean not adhering to static job descriptions and titles, so that when we see a need arise, we find a solution and create a path forward regardless of if the waters have been charted yet or not.

Things I want to do better:

Training “Sessions” vs ad-hoc feedback: Not everyone can turn on a dime, especially when they’re deep in the weeds. How would you find a dime in weeds anyway?? When I’ve seen new policies not get implemented quickly enough with my team (or even myself), I know it’s because I need to undo/redirect old habits. Every day we come across opportunities for improvement, but sometimes that opportunity is buried in an email from your boss 23 emails down a chain of long emails. A more formal training session has worked much better in many cases I’ve seen, and is something I would like to use in the future to develop my teams.

Reward, and provide opportunities to practice: Related to training, I really do think practice is necessary to change a previously habitualized work policy. It can be as simple as having the team do mock phone calls, draft document templates, or create faux financial calculations. But actually going through the motions of a new procedure helps re-wire the muscle memory, and memory ques, that people often need to happen in order to change habits. Furthermore, in highly dynamic businesses, I need to reward and recognize those that put forth the effort to adapt and learn quickly. The better my team is at this, the easier it makes my life as well.

Pass along the method, not just the order: Perhaps my biggest takeaway from looking back is that I want to empower my team to make the right decisions, not just teach them to take orders. This means I need to take more time to sit down with a team member, and review how to approach and analyze a problem. I would focus more on how to arrive at a conclusion, rather than just praise or criticize the result. This would be the counterpoint to the old-school means of changing activities by beating policy into the heads of employees. Policies are informed by objectives, and without understanding how to strategize to achieve those objectives, following policy will manifest as filling orders even when it doesn’t make sense to.

Likewise I need to ask well-worded questions to illicit a breakdown of how my mangers think about problems as learning opportunities for myself. I want to take a first-principles approach to both learning how and teaching how-to problem solve. As mentioned above, I believe humility is going to be a key ingredient to enacting this self-managing policy. However, I believe a lot of managers have an aversion to humility because it seems like such an antithesis to authority. I read an article recently by Dan Cable that I think summed up nicely why this is not the case:

“Humility and servant leadership do not imply that leaders have low self-esteem, or take on an attitude of servility. Instead, servant leadership emphasizes that the responsibility of a leader is to increase the ownership, autonomy, and responsibility of followers — to encourage them to think for themselves and try out their own ideas.”

Please leave a comment or for more information on how SafeSourcing can assist your team with your procurement process or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative. We have an entire customer services team waiting to assist you today.

Ambiguity is the enemy

Friday, March 6th, 2020

Today’s post is  from our archives at SafeSourcing.

Have you ever misinterpreted the meaning of someone’s written communication?

Of course you have, it happens to everyone. Why? Because it’s easy to make statements that contain multiple possible meanings. A large portion of the understanding we glean through verbal communication comes from body language, and word emphasis.

Take the following for example. We all hear written communication through whatever internal voicing’s we give the speaker. If I INTERPERATE the emphases of a word *denoted by asterisks* it completely changes the meaning of the phrase (the implied meaning in parentheses):

*I* don’t think he’s a liar (But somebody does)
I don’t *think* he’s a liar (But he could be)
I don’t think he’s a *liar* (But he’s probably something else equally terrible)
I *don’t* think he’s a liar (He’s definitely not a liar)

One way of testing the effectiveness of your communication is to ask yourself; How many different meanings could be extrapolated from my statement? Ideally your communication is so concise and exclusive to your meaning there’s only one possible interpretation. The same principle holds true for QUESTIONS; They should be formatted in such a way that they funnel all of the potential answers in the format that you are actually trying to receive back. Vague questions will receive vague answers.

Our RFI/RFP toolset, for instance, allows us to frame questions with as many constraints as necessary to receive answers with a high degree of relevance and usability. Not only do we format our wording to convey our meaning properly, we can force answers to be as close ended as a simple a Yes/No button, or as open ended as an essay answer.

Ask us how we can help your business ask the right questions, and narrow the possible meanings of your communications before you hit the send button!

We look forward to your comments.

Musings on Making Mistakes and why we have E&O Insurance!

Thursday, March 5th, 2020

 

Today’s post is from our archives at  SafeSourcing.

“Freedom is not worth having if it does not include the freedom to make mistakes.” ― Mahatma Gandhi

“Anyone who has never made a mistake has never tried anything new.” ― Albert Einstein

“Good judgment comes from experience, and experience comes from bad judgment.” ― Rita Mae Brown

Mistakes are inevitable, we all make them. In fact, life would be incomplete without them; and yet many of us waste valuable time and energy covering them up or even denying their existence. Making a mistake is not the worst thing we can do. I believe it is how we react to and reflect upon our mistakes that can make all the difference. In my opinion, our mistakes are some of the most well informed references in the library of our life’s experience. Once we are willing to embrace them for the lessons that they provide, we are able to learn that they contain a wealth of data about how best to conduct our lives moving forward. If only we could spend more time and energy extracting the gifts of wisdom from our mistakes and less time regretting them, we might also be more likely to extend that same forgiveness and compassion to others, thus contributing to an overall kinder and gentler world. Where’s the mistake in that?

And speaking of mistakes, here are just a few of my favorite mistaken song lyrics:

Hold me closer Tony Danza… Count the head lice on the highway – Elton John

I’ve got two chickens to paralyze – Eddie Money

This is the dawning of the Age of Asparagus – the 5th Dimension

There’s a bathroom on the right – Creedence Clearwater Revival

Donuts make my brown eyes blue – Crystal Gayle

Do you like bean enchiladas and getting caught in the rain? – Rupert Holmes

The sheep don’t like it… Rock the catbox! Rock the catbox! – the Clash

Interested in learning how SafeSourcing can help your company run more efficiently? Like to try a risk free trial? Please don’t hesitate to contact SafeSourcing. Our team is ready and available to assist you!

Prickly Pear Cactus May Solve Plastic Problems

Wednesday, March 4th, 2020

 

 

Today’s post is by Gayl Southard, Administrative Consultant at SafeSourcing, Inc.

The prickly pear is sometimes used as a novelty ingredient in margaritas, or in jelly for Arizona tourists. The microscopic barbs on the paddles can be very painful if you brush up against this cactus. Researchers at a university in Mexico have developed a way to turn the pulp from the paddles into a biodegradable plastic. This could not have come at a better time as plastic pollution has reached epic proportions. The Great Pacific Garbage Patch (a floating mass of plastic) is now larger than Texas, California, Arizona, and New Mexico combined!

Plastic breaks down and eventually is consumed by marine life. An autopsy of a washed up whale in the Philippines revealed 88 pounds of plastic in its stomach. Humans also ingest roughly 50,000 microscopic pieces of plastic each year.

Prickly pear cactus paddles contain large amounts of sugars and gum, making them a good candidate to create “biopolymers”. Corn has been used for a long time in creating polymer products to make biodegradable spoons and cups. Corn, however, leaves a big carbon footprint when you consider the water, fertilizer, and energy used to grow and harvest it. The prickly pear cactus, however, requires very little water. More research has to be done in order to bring this to market.

If you would like more information on how SafeSourcing can help you, please contact a SafeSourcing Customer Service representative.  We have an entire team ready to assist you today.

References………………………………………………………

John D’Anna, AZ Central, 7/9/2019