May 2016

Six Benefits of Supplier Value Management Technology

The days of managing suppliers through phone calls and BASS email exchanges are long gone. With the modern supply chain presenting new external pressures and complexities, procurement departments need collaborative and flexible tools to manage the entire supplier lifecycle. The result has been a global shift away from the traditional approach of supplier performance management […]

Bridging the Health and Wellness Gap with Collaborative Sourcing

Wal-Mart Stores and U.S. drug distributor McKesson have expanded their joint alliance to procure generic medicines so they can lower costs. According to George Riedl, senior  VP and President  of the health and wellness division of Wal-Mart in the U.S., “The joint alliance enables both companies to work together, combine their size and scale and […]

April 2016

Social Procurement: Sharing Is the New Best Practice

Data is king.  The internet is queen.  The cloud and our business infrastructures are the sons and daughters.  All of it is one digital family type experience that enhances our business lives because we can now bridge the gaps of information beyond function and beyond the enterprise, suppliers and customers, bringing value to all relationships.

Buyers […]

The Modern Procurement Universe: Some Unanswered Questions

During the Q&A session at the end of our recent Real World Procurement Series webinar, ‘The Universe of Modern Procurement’, the audience asked some great questions. The session was led by Craig Lardner FCIPS, former CPO and 2014 President of CIPS.

His presentation took us through the 50 elements of the Modern Procurement Universe, a best practice […]

What Can You Learn from the Past, Present and Future?

If history repeats itself, and the unexpected always happens, how incapable must man be of learning from experience.  – George Bernard Shaw

History is something that happened a moment ago, a year ago, years ago or thousands of years ago.  It is the past.  Procurement teams work with spend analysis – a past look at spend […]

Supplier M&A: The Next Procurement Frontier

Supply chains are one of your organization’s most important assets.  Without them your business’ products are not present in the market.  Supply chains are it.  In most supply chains, manufacturing is outsourced as is the logistics and fulfillment of the supply chain.  It is only the sourcing, planning, R&D and customer relationship –  along with […]

North Korean Gold: Blacklisted from the U.S.

On March 16, 2016 President Obama signed an executive order allowing the United States to blacklist anyone or company found to be operating in North Korea’s mining sector or to have purchased metal from the North Korean government.  This executive order extends to third party suppliers.  According to Reuters, more than two dozen supply chains […]

March 2016

Is Your Procurement Career at a Tipping Point?

The procurement profession has moved on in recent years. A key finding of the recent Deloitte Global CPO Survey 2016, is the continued issue around “securing, retaining and training the right talent pool, where 62% of CPOs don’t believe their teams have the skills to deliver the function’s strategy.” That could be you they’re referring […]

December 2015

Characteristics of Best-In-Class Procurement Teams

Recently Andrew Bartolini of Ardent Partners presented a webinar titled: 5 Transformative Strategies to Unlock More Procurement Value. The webinar shared data from an Ardent Partner’s report that was the culmination of the responses of more than 300 Chief Procurement Officers (CPOs) and other supply management leaders that have the pulse of the modern business […]

Leaders Link Spend with Sourcing Process

Earlier this week I enjoyed a great presentation and discussion with Andrew Bartolini of Ardent Partners. Andrew presented a webinar titled, 5 Transformative Strategies to Unlock More Procurement Value. The webinar shared data from a report by Ardent Partners. The report was the culmination of the responses of more than 300 Chief Procurement Officers (CPOs) […]