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

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 […]

February 2016

Finding True, Lasting Partnership in Procurement

Valentine’s Day may be over, but if you’re on the search for a procurement partner, you know that it can almost be as stressful as finding your one true love. Navigating the market can feel like you’re on the Bachelor, with countless vendors vying for your attention, each offering a unique set of product features […]

Chipotle: Food Safety is Supplier Development and Supplier Relationship Management (SRM)

Chipotle Mexican Grill is a fast food chain that faced some major health and safety issues at their stores in Washington, Oregon and Massachusetts– E.coli, salmonella, and norovirus to be exact. Healthy individuals became sick after eating at the restaurants. According to Chipotle, the food is now safe to eat again. The CDC wrote about […]

Five Quick Wins for the New CPO or VP Procurement

Have you moved into a new role as CPO or VP Procurement? Or are you contemplating your next step up, into this type of position? If so you need to read, “Quick Wins for the New Procurement Leader”. Confidence, strategy, execution and performance are the measures of your leadership, but your priorities are just as […]