Supply Chain Management

Rethinking the Future for Resilient Sourcing and Beyond

Posted: 06/29/2020 - 23:52
Author: Atul Vashistha
Future of Resilient Sourcing

While the COVID-19 pandemic is far from over, enterprises are looking beyond the current crisis with the hope of pandemic-proofing their supply chains and operations to build resiliency. But that view is too limited to build true resiliency. The next global business disruption crisis might be a pandemic, but it might also be something entirely different or so novel it's never been considered. Today's resilient enterprises need to embrace a mindset shift to view risk through a much wider lens.

Online Collaboration is Needed Now More Than Ever

Posted: 06/02/2020 - 00:54
Author: Sophie Pope
technology, automation and data acheives business continuity

We know that procurement is often a juggling act! We use decent supplier relationships, purchasing power, and any other tools in our belt to secure best payment terms, highest quality purchases at the lowest price, or indeed best value, to ensure vital continuity of supply against a backdrop of supply chains becoming ever more complex and volatile!

COVID-19 AND TRADE REGULATIONS

Posted: 05/13/2020 - 00:37
Author: Andrew Hood
COVID-19 TRADE

The COVID-19 pandemic poses fundamental questions for governments and businesses about the resilience of international trade.

How to ensure supplies of crucial goods (medical supplies, food) that are dependent on global supply chains?

How to survive the immediate crisis and be best placed, with suppliers and customers, to resume production as soon as conditions allow? 

How to protect national industries while retaining the benefits of free and fair international trade?

COVID-19: Where is your supply disruption?

Posted: 04/13/2020 - 01:06
Author: Bill DeMartino
Coronavirus map

When the first few cases of Coronavirus (COVID-19) were detected just four short months ago, few could have expected what has now become our new reality. We are in the midst of a global pandemic outbreak that tragically continues to claim the lives of thousands and disrupt the livelihoods of countless others. On top of that, it’s also causing serious business, supply chain and economic disruptions worldwide. From shortages in supply and talent, to quarantine and border closures, the impact is increasing by the day, continuing to wreak havoc on businesses and supply chains.

Leveraging Behavioral Data in Negotiations

Posted: 03/30/2020 - 22:35
Author: Christian Ries
Behavioral Data in Negotiations

Knowing the behavioral history of a supplier prior to negotiations is essential to understand the reasons why a supplier is likely to offer optimal prices and service level agreements (SLA).

In the past, siloed and in-person negotiations often revealed insights about supplier behavior, but these insights were usually ignored because there was no empirical way for a sourcing professional to capture, share, and leverage this behavioral data cross-functionally.

Do you trust your supplier data?

Posted: 03/09/2020 - 03:41
Author: Stephany Lapierre
Supplier data

It is no secret that poor supplier data is the single largest barrier facing successful eProcurement transformation. Organizations in all industries, regardless of size, are susceptible to massive budget overruns or outright project failure without a well-thought-out data acquisition strategy.

Not convinced?

Supply Chain Transparency Critical to Slowing Down the Amazon Deforestation

Posted: 11/10/2019 - 06:36
Author: Franco Vessio
Supply Chain_Transparency_Amazon
Over the last months, the Amazon deforestation rate was an area of Manhattan every day, following reports that farmers were clearing land for crop fields and cattle ranches, as the new Brazilian government was opening up the region to economic activity. According to the country’s National Institute for Space Research, Brazil (the world’s largest beef exporter) had over 72,000 fire outbreaks this year, with more than half of them located in the Amazon. This number represents an 84-percent increase compared to last year.
 

Sourcing Star Interview: Jerry Durant

Posted: 09/25/2019 - 07:54
Author: Jerry Durant
Sourcing Star Interview: Jerry Durant

How did you get into this field – was it purposeful or by accident?

Quite by accident. In 1985 a long standing customer approached us to find resources to maintain one of their legacy applications. Through the course of discussion about resource and annual costs we jointly reached the conclusion that finding foreign resources might be a solution.  After deliberations, bid proposals, visitations and indepth reviews it was concluded to offshore the application to Calcutta.
 

Innovations in Talent Management: Cambridge Health Alliance

Posted: 09/24/2019 - 23:47
Author: Future of Sourcing Awards
Innovations in Talent Management: Cambridge Health Alliance

Can you outline why your team embarked on this project and the problem that needed to be solved?

This initiative started in response to the need to develop a Supply Chain Analytics team. Cambridge Health Alliance leadership realized the potential of better managing vast amount of supply chain data. The Senior director of Supply Chain Management drafted a proposal to begin implementing analysts to work with the data and identify cost savings and utilization improvements for the organization.  
 

The ABCs of Print TCO

Posted: 09/19/2019 - 04:31
Author: Sarah Scudder
The ABCs of Print TCO
Most readers of this article are probably familiar with the concept of total cost of ownership, or TCO. Savvy procurement professionals have long recognized that the purchase price of a product or service often doesn’t capture the total cost of acquiring and using that product or service. 
 

Rising Star Interview: Joey Foster

Posted: 09/15/2019 - 22:24
Author: Joey Foster
Rising Star Interview: Joey Foster

How did you get into this field – was it purposeful or by accident?

My interest in sourcing sparked while studying Supply Chain Management at Michigan State University. Having just finished the introductory course on procurement, I began searching for internship opportunities focused on strategic sourcing.  
 

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