Wow - a great two minutes for anyone to watch! Ben Stein offers some deep thoughts for the graduating class of 2010 on deciding which career to pursue in this story titled, 'Decide To Live' - watch:
Watch CBS News Videos Online
David
'Decide To Live' - CBS News Video
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RefBan
Sunday, June 13, 2010
How Best Buy Got Duped: A Cautionary Tale on Why You Need an Experienced, Trusted Reverse AUction Provider
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| What did that steak REALLY cost your company? |
Why do you need to have an experienced, trusted partner to conduct your reverse auction operations? Just ask the folks at Best Buy! Fascinating story from the Minneapolis Star Tribune about how the retail giant was duped through collusion among its suppliers and improprieties with its procurement managers (not to mention a lack of oversight and vetting from its auction-service provider). Read the article below:
http://www.startribune.com/templates/fdcp?1276458571236
Yep, it was fun times for Best Buy managers (golf, steaks and strippers, all courtesy of their vendors!), and great profits for dubious suppliers who shipped substandard parts and even empty boxes to the Big Box retailer. And yet, the reverse auction process STILL saved the company millions of dollars! Imagine if it had been done right?
Obviously, this is why you must have a trusted reverse auction provider who can conduct the necessary oversight before, during, and after the e-procurement takes place. Great cautionary tale for why follow through is very important in e-commerce!
David
From the Reverse Auction Research Center: http://reverseauctionresearch.blogspot.com/
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The Kno: Tablet Meets Textbook
Image via CrunchBase
As a college prof, I can safely say that this will be huge! The device looks very user-friendly and combining the dual screens to achieve the "true book" look and feel, along with Tablet PC applications all in one - the Kno looks like a real winner. The downside though is the price of e-books from textbook publishers - if they can be persuaded to lower the price versus a traditional paper text, then more and more content will go to these devices and the market will flourish. Need a tester or a test class - I'm in!
Kno Movie from Kno, Inc. on Vimeo.
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Anti-BP Art: The Best Visual Jabs To Come From The Oil Spill (PICTURES)
Image via CrunchBase
All of these are great! Art can move public opinion, and this is a great test of the ability of all of us to use social media to drive the story toward the best possible outcome for all of us trying to live along the very-threatened Gulf Coast!
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