BMPLogo

LinkedIn Buyers Meeting Point procurement Kelly Barner twitter Buyers Meeting Point procurement Kelly Barner scribd Buyers Meeting Point procurement Kelly Barneryoutube Buyers Meeting Point procurement Kelly BarnerAdobeStock podcasticon

Kelly is the Managing Editor of Buyers Meeting Point. She has a unique perspective on procurement from her experience on both sides of the negotiation desk. She has led projects involving members of procurement, supplier and purchasing teams. She has practical skills in strategic sourcing program design and management, opportunity assessment, knowledge management, and custom taxonomy design and implementation. She also has direct sourcing experience in a number of product and service categories including: inventory fuel, location-based services, corrugated, and corporate purchasing cards. Kelly has her MBA as well as an MS in Library and Information Science.

Webinar Notes: Trade Wars & Supply Chains: Measuring and Managing the Impact

AdobeStock_USchina

These webinar notes are based on an April 26th webinar presented by Resilinc and Hogan Lovelis and hosted by Supply & Demand Chain Executive Magazine. Here is the link to the on demand registration page.

As I mentioned in my weekly webinar recommendations post, I trusted S&DCE as the host of this event because I’ve seen them cover equally ‘hot button’ topics with balance and a high degree of professionalism in the past. This event was no different – in fact, Resilinc CEO & Founder Bindiya Vakil opened the webinar by making the comment that the topic would be handled as a business issue – not a political one.

Continue reading
71 Hits
0 Comments

Recommended Webinars April 23-27: Transforming Finance, Digital Procurement, Trade Wars and Supply Chains

AdobeStock_tradewar

This is a busy week on the calendar, with 13 webinars taking place. And if you were hoping to make it to an event in the near term, this is the week to do it – next week is back to almost nothing: famine after the feast.

If you like to plan further ahead, I invite you to join me on May 8th for a webinar titled “Managing Your Metrics: Making Sure Your Measurements Deliver the Desired Results” hosted by Supply Chain Radio and TalentStream. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
960 Hits
0 Comments

Recommended Procurement Webinars April 16-20: CPO Rising 2018, Financial Supply Chain, and Letting Your Sourcing Strategy Go

AdobeStock_letitgo

In addition to the events recommended below, please join me on Tuesday, April 17th for a webinar I am co-presenting with Zycus’ Richard Waugh: “Love Your Sourcing Strategy by Letting it Go.” We’ll be talking about the challenges and rewards of embracing a more distributed approach to sourcing and procurement.

If you like to plan further ahead, I recommend “The Ultimate Measure of Customer Value: Tackling the Amazon Effect” from SCNRadio and TalentStream on May 22nd. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1225 Hits
0 Comments

Recommended Procurement Webinars April 9-13: Brexit, Financial Health for Risk Management, Enterprise AI

AdobeStock_Brexit

Last week was a ghost town, but we’re back in action this week with 8 webinars. It would seem to be feast or famine with the webinar schedule these days. If you like to plan further ahead, I recommend  “Managing Suppliers in a World of Digitalization” on May 10th at 11am from ISM and SynerTrade, but also involving The Hackett Group, RapidRatings, and EcoVadis. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1467 Hits
0 Comments

Will new startup NewsGuard address Fake News in Internet Research?

AdobeStock_fakenews

L. Gordon Crovitz recently wrote a ‘Commentary’ piece for the Wall Street Journal in which he simultaneously tackled the pervasive problem of fake news and announced the coming launch of his new company, NewsGuard.

The premise of the NewsGuard value proposition is interesting – Crovitz detailed the challenges caused by what has become a ‘news supply chain’. In many cases, we don’t get our news directly from the publisher, like we did in the olden days of newspapers. Instead we get news from another platform that is probably not dedicated to news: Google, YouTube, Facebook, Twitter, etc. This obscures our awareness of the actual source and increases the risk of reading and sharing fake news.

Continue reading
841 Hits
0 Comments

Recommended Procurement Webinars March 26-30: AI, Data Instincts, Internal Champions, and Effective Leadership

AdobeStock_electricity

Look out! Full week ahead! There are ten webinars in four days, and SIG is hosting their Spring Summit in Washington D.C. from the 26th through the 29th (be sure to seek out Phil Ideson if you’re going). If you like to plan further ahead, I recommend  “Trade Wars & Supply Chains: Measuring and Managing the Impact” from Supply & Demand Chain Executive and Resilinc on April 26th at 1pm ET. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1565 Hits
0 Comments

Giving second tier data the second degree

AdobeStock_piglet

Earlier this month we ran a collaborative piece by Jeanette Jones (Cottrill Research) and I on the alleged manipulation of agricultural data in the chicken supply chain. You can read that post here.

Right after I started researching for the chicken story, I came across yet another great example of why we all have to be so cautious when we cite the source of a piece of information – only this time the main culprit is: PEPPA PIG.

Continue reading
1015 Hits
0 Comments

Recommended Procurement Webinars March 19-23: The Corporate Cash Environment and De-risking International M&A

AdobeStock_potofgold

As we officially enter spring, my recommended webinar topics are taking a fresh new focus. The birds are signing, plants are pushing their way into the sun, and procurement is thinking big – digital transformation, the financial supply chain, and innovation. If you like to plan further ahead, I recommend “How Artificial Intelligence will (and won’t) change Procurement and Contracting” from Determine and Forrester on March 27th. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1236 Hits
0 Comments

Recommended Procurement Webinars March 12-16: Selecting RPA, Surviving Tech Hype, and Blockchain War Stories

AdobeStock_techhype

After a slow couple of weeks, the calendar is once again buzzing with activities. In addition to the webinars recommended below, ProcureCon Pharma is happening in Zurich on the 13th through the 15th and Procurement Leaders’ World Procurement Congress is happening in London on March 15-16. If you like to plan further ahead, I recommend “Applying B2C Strategies to Corporate Procurement” from BuyerQuest on March 28th. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1549 Hits
0 Comments

Recommended Procurement Webinars March 5-9: Optimizing Performance and Value, Digital Transformation, AI for Due Diligence

AdobeStock_tech

Just like last week, this week is light and webinars – and all of the events we have to chose from are on the same day! Next week the pace picks back up, with a number of webinars and two live events already scheduled. If you are interested in a ‘long shot’ webinar worth considering, I recommend “The New Corporate Cash Environment: Understanding Impacts On Financial Supply Chain & Cash Management” from SAPAriba on March 20th at 11am ET. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1561 Hits
0 Comments

Which came first – the chicken or the data?

ChickenFocus

I recently covered a fascinating story of present-day industry intrigue… centering around allegations by food distributors Sysco and USFoods that chicken producers (including Tyson and Perdue) have been colluding to raise the prices of chicken for a decade. This story has everything that makes supply chain an exciting place to work: razor thin margins, collusion, and federal intervention.

But an easily overlooked component of this case is that industry data sources were (allegedly) manipulated by the producers.

The Sysco and USFoods lawsuits accuse chicken producers of justifying increased prices by constraining supply (i.e. ensuring less available chickens) and inflating market rates through the manipulation of industry benchmarks. The Georgia Bench pricing system had to be shut down and replaced in 2017 because of questions about the reliability of their data.

Agri Stats (a subsidiary of Eli Lilly & Co.) is actually mentioned in the lawsuits because the subscription-based data they make available to chicken producers allows the producers to determine the breeding potential (i.e. production potential) of their competitors and change their own volume in response.

Since many of procurement’s efforts – and contracts for that matter – are heavily tied to industry data sources and benchmarks, Jeanette Jones (my Supply Market Intelligence for Procurement Professionals co-author) and I decided to offer our independent advice (written in parallel and without discussion) about how to apply a critical eye to industry data.

Keep in mind that you can always get our insight on industry data at ProcureSearch - a free, online resource based on our book.

Jeanette Jones’ Perspective: Finding a Trusted Source

Two chicken pricing benchmark providers have been mired in recent events that have highlighted, in a profound way, the critical need for using trusted, credible resources. It should be noted our focus here is on one aspect and that these stories are complex as there are many factors involved with determining truthful pricing benchmarks for not only poultry, but for all agriculture commodities.

Agri Stats (a subsidiary of Eli Lilly & Co) is connected with the Sysco and US Foods lawsuits because its data made available information about chicken production that provided competitive advantage to a select few. The Georgia Premium Poultry Price Index (GPPPI), which replaced Georgia Department of Agriculture’s (GDA) Georgia Dock chicken price index in January 2017, is in the news once again as it ceased to operate this past week due to a lack of available data. The GPPPI, in response to inflated price reporting concerns, considered evolving production techniques and buying practices in the poultry industry, and included changes that measure the aggregate change in the price of poultry sold on contract over three periods of time, in addition to reporting that indicates the weekly change in demand (GDA website).

In the past year, a number of valuable articles on how to detect misleading and false data have been published. One of the emerging strategies in detecting false information is to track the leading data claim directly to the primary source. In these two stories, the primary source appears to be about as credible as you can get: self-reported data by chicken producers. The challenge presented is how do you know if the primary data is being reported and presented correctly? The damage caused by the use of misleading information is felt by the businesses that rely on the data the most. This is hard to grasp if the provider of the primary data is considered a trusted source. This is especially so if you believe, like some, that the most valuable business commodity is trust.

The answer to the trust dilemma can be solved by the implementation of transparency measures by both the provider of the resource and the primary data provider (in this case self-reported chicken producers). The provider of the resource becomes 100% transparent about where the primary data originates and how it is being used. Getting back to GPPPI, an interesting aspect of the new index is its statement on verification: All data provided will be subject to verification through a random review, done through a prescribed process that will confirm submitted prices and quantities with the buyers. All formulas and forms utilized in the calculation of the price indexes will be open source and available to all parties to allow for the opportunity for any individual or company to track their own price indexes in relation to the industry aggregate index. Company specific proprietary information will not be available to the public. Regardless of what happens with GPPPI, the GDA is on the right track in regards to transparency of methodology and data origination, which is the direct path to regaining trust of past users.

Kelly Barner’s Perspective: Putting the Fox in Charge of the Hen House

In an age where real-time data is the difference between leading an industry and lagging it, procurement would be wise to understand the connections between the sources of data and the companies that profit or not based upon what it indicates. In this case, chicken producers provided data on the price per pound they earned during the current period. That data would then govern the prices paid to producers by distributors. 10 chicken producers constitute 80% of the market – so it doesn’t take a genius to figure out that they had an incentive to provide either good news or no news. And while not all of those 10 producers are based in Georgia (where the Georgia Dock pulls its data from), Georgia is the #1 producer of chicken in the U.S. The temptation was just too great to put a finger on the scale for their own benefit. Unfortunately, they grew too bold or too greedy and the Georgia Dock was ‘indefinitely suspended’ in 2016. The final death of the Georgia Dock was when, in response to concerns, the Georgia Department of Agriculture required producers to sign affidavits that their data was accurate. That quickly led to such a drop in data that the index had to be discontinued… draw your own conclusion.

The lesson for procurement in this is to consider which contracts you will use the data to govern, where the data comes from, and how much control or leverage  those parties have over their costs, profit margins, and the data they provide.

Continue reading
1371 Hits
0 Comments

Recommended Procurement Webinars Feb 26 – March 2: Automated Contracts and Supplier Financial Health

AdobeStock_financialhealth

This is a sleepy week after last week’s flurry of webinars and conferences. If you are interested in a ‘long shot’ webinar worth considering, I recommend “Artificial Intelligence - Changing the Landscape of Due Diligence and Monitoring” from ISM and LexisNexis on March 8th at 2pm ET. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1369 Hits
0 Comments

Recommended Procurement Webinars Feb 19-23: Supply Chain Visibility, Global Risk Review, Improving Business Spend Management

AdobeStock_carryelephant

In addition to the virtual procurement and supply chain events taking place this week, ProcureCon Indirect East is running in Amelia Island, FL from the 20th through the 22nd. If you are interested in a ‘long shot’ webinar worth considering, I recommend “De-risking the international back-office during an acquisition” from SIG and TMF Group being offered on March 22nd at 1pm ET. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
2108 Hits
0 Comments

Recommended Procurement Webinars Feb 12-16: AP Automation for the Cannabis Industry, 3rd Party Risk Management, and Procuring with a Purpose

AdobeStock_heartchain

Love is in the air this week… or is that the smell of something else ‘sweet’? If you are interested in a ‘long shot’ event worth considering, I (humbly) recommend the event I am presenting on March 13th as part of BravoSolution’s 2018 Real World Procurement series: Breaking Through the Tech Hype. You can read a preview of what I’ll discuss here… DO NOT EAT!. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1578 Hits
0 Comments

Recommended Procurement Webinars Feb 5 - 9: Disrupting workplace apathy, Proactive risk management, Defending supply chain innovation

AdobeStock_apathy

In addition to this week’s webinars - and it is a busy week with 10 to choose from! - Odesma is hosting GDPR ‘Open Houses’ on Feb. 6th and 8th at their offices in London. If you are interested in a ‘long shot’ event worth considering, I recommend ‘What is Intelligent Automation and Why Should You Care?’ from IRPA on February 20th. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1922 Hits
0 Comments

Recommended Procurement Webinars Jan 29 – Feb 2: Contract Management, 2018 Trends, and Supply Chain Visibility

AdobeStock_startingline

My recommendations for this week are below, but if you’d like a ‘long shot’ event worth considering, I recommend ‘Insights on Improving Business Spend Management in 2018’ from Coupa and CFO.com on February 23rd at 12n ET. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1827 Hits
0 Comments

Recommended Procurement Webinars Jan 22-26: Cognitive Supply Chain, Mindmapping, and an Efficiency/Customer Sat Paradox

AdobeStock_mindmap

In addition to the virtual events being held this week, ProcureCon Facilities is meeting in Ft. Lauderdale, FL (how nice for them…) on Monday and Tuesday. My recommendations for this week are below, but if you’d like a ‘long shot’ event worth considering, I recommend ‘How to Drive High Performance’ from SIG and Mike Staver on February 6th. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1837 Hits
0 Comments

Recommended Procurement Webinars Jan 15-19: Translating Cutting-edge Technologies into Measurable Value

AdobeStock_techimagination

Another week, and another ten new webinars are added to our calendar for January and February. My recommendations for this week are below, but if you’d like a ‘long shot’ event worth considering, I recommend ‘How Much Data Accuracy is Enough?’ from S&DCE, Oliver Wight, and the SAS Institute on January 31st. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1472 Hits
0 Comments

Book Review: Expensive Sentences

AdobeStock_moneymelt

“We can spot an Expensive Sentence by its impact. Expensive Sentences limit information. They end conversations. They create urgency and isolation. They reduce options. They steal choice.” (p. xviii)

Expensive Sentences: Debunking the Common Myths that Derail Decisions and Sabotage Success by Jack Quarles (Ideapress, 2017) accomplishes two amazing things in one highly readable book:

  1. It provides procurement with an approach to managing ‘creep-in’ costs that has the potential to become viral on its own, as long as procurement is ready to lead the way, and
  2. It serves as a benchmark (in my opinion) that procurement’s brand image has made huge strides – and that we are being rewarded with a book that is both savvy and cool.

Expensive Sentences is about the power of spoken language. You may not be aware of it, but some of the most common sentences aired in your company on a daily basis are costing you money.

Continue reading
2204 Hits
0 Comments

Recommended Procurement Webinars Jan 8-12: An ‘Ardent’ Start to the New Year

AdobeStock_astrowork

Happy New Year! We’re off and running – I added 11 new webinars to the calendar in January and February this weekend. Of all the new year’s resolutions, Ardent Partners’ were apparently the most resolute! They aren’t missing a beat, and as a result they dominate this week’s recommendations. Click on the title of each recommended webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

Continue reading
1677 Hits
0 Comments

BMPLogo