This is the perfect time of year for thinking big. 2017 stretches before us, completely open and full of promise. It’s also far enough away (and on the other side of the holidays) to be more of a theory than a reality. Click on the title of each webinar below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.
The Point by Buyers Meeting Point
Welcome back from the US Thanksgiving holiday! With 5 weeks left in the calendar year (3 effective working weeks) the time to get in your professional development time is now! Click on the title of each webinar below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.
** BONUS: Mark your calendars and join me for a live Twitter #Instaschat discussion December 1st at 1pm ET!
Every year at this time I stop and give thanks for all of the people and organizations that have made a difference to Buyers Meeting Point over the year. You may think of BMP as a blog, a podcast, a social media network or all three – but for me it is the most amazing opportunity to connect with a global community of peers, all of whom are interested in learning more and advancing the potential of procurement and supply chain.
There are 14 webinars taking place this week – plus ProcureCon Marketing in California Monday through Wednesday. Of course, that is probably due to the fact that with Thanksgiving in the U.S. on November 24th there is only one lone event in the calendar that week. Click on the title of each webinar below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.
This week’s webinars are an unofficial panel-palooza celebration. From the CFO CPO relationship to the evolving role of robotic process automation at the management level to risk intelligence, this will be a great week for forming or redefining your position on critical topics. Click on the title of each webinar below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.
If you feel surprised that you missed the first edition of Introduction to Global Logistics: Delivering the Goods 2nd Ed., by John Manners-Bell, you’re not alone. I was puzzled by the same thing. If the first edition came out in 2014, how could I possibly have missed it? I didn’t - and maybe you didn’t either. The title of the first edition book was Global Logistics Strategies: Delivering the Goods.
Title and edition questions notwithstanding, this book provides considerable updates and new content. There are three completely new chapters, as well as an updated preface. Since I reviewed Global Logistics Strategies (you can read it here) I focused my time with the 2nd Ed. on the three new chapters:
Chapter 12: Supply Chain Technologies
Chapter 16: Supply Chain Innovation and Disruption
Chapter 17: Ethical and Sustainable Supply Chain Strategies
This is an incredibly busy week for procurement and supply chain webinars! The end of 2016 is filling up fast. In fact, there are only really 7 weeks left in the year once you subtract the weeks of Thanksgiving and Christmas. Click on the title of each webinar below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.
The following is the transcript from a recent BMP Radio interview with Brian Seipel and James Patounas, both from Source One. If you would like to listen to the podcast, please click here.
In addition to the webinars I’ve recommended below, ProcureCon Pharma is running in Philadelphia from Wednesday through Friday. If you’re going, be sure to stop by and say hello to our friends SAP Ariba, Source One, and tealbook! Click on the title of each webinar below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.
This week our recommended procurement webinars bring us three ideas: supplier prequalification, the bullwhip effect, and finance transformation. Click on the title of each event below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.
“Buyers have a privileged position within companies and are exposed to innovative ideas from suppliers often developing their own sense of curiosity. Although not all buyers have realized it yet, they are expected to contribute to the innovation process.” (p. 25)
Confessions of a Professional Buyer: The Secrets About Selling & Purchasing Services, by Hubert Lachance, is something like a survival guide for suppliers dealing with procurement – and vice versa. Lachance has over a decade’s worth of experience managing indirect spend for a multi-national CPG company, and he applies that experience to help all buyers and sellers work together more productively.
I live in the Boston area, so when the 2016 Nobel Prize for Economics was awarded to Dr. Bengt Holmstrom, a professor at the Massachusetts Institute of Technology, and Dr. Oliver Hart, a professor at Harvard, it made a considerable splash in the local news. I love economics in action, so I started reading more - but I never expected to find contracts as the center of their work.
Each of the newly selected Nobel laureates has a different area of focus, but both are relevant to procurement and supply chain professionals.
With the first (annual?) Procurement Revolution under our belts, Phil Ideson and I have spent the last few days looking back on everything that was shared, asked, and exchanged.
By all measures, the Procurement Revolution was an unmitigated success. Over the course of 5 days, 40 Revolutionaries delivered 5 live webinars and over 50 unique pieces of audio, video, and written content. We were able to cover a wide range of topics, including competitive advantage, globalization, autonomous cars, and digital commerce. Each piece was created as something fresh and new – shared just because it could be rather than because it was commissioned or promotional. The resulting Twitter discussion, using the hashtag #ProcureRev, created over 1.7 MILLION impressions.
This week, my recommended procurement webinars are all about doing MORE. More categories managed, more results, and more visibility into the supply chain. Click on the title of each event below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.
“Because technology has become an extension of the knowledge worker’s business and personal life, it has become apparent that to separate the two is not just pointless, it is impossible.” (p. 15)
Tomorrow Today: How Ai Impacts How We Work, Live And Think (And It’s Not What You Expect) by Donal Daly, CEO of Altify, is exactly my kind of book. Not only does it discuss recent developments in automation and AI and illustrate their impact on business and society through recent news stories, it is so full of enthusiasm for the future that it must have been written by someone with a background in sales.
Targeted at ‘knowledge workers’, this book addresses the challenges and opportunities faced across functions – sales, marketing, procurement, finance, etc. Will the rise of the machines eliminate the need for professionals who see themselves as strategic and value oriented today? Will humans and AI (Augmented rather than Artificial using Daly’s definition) settle into a kind of symbiosis that harnesses the advantages of each into a powerful combined capability? These questions – which might be dark and intimidating in a different context – are addressed head on and without hesitation.
And… just like that… it’s October! In the shadow of The Procurement Revolution the calendar looks a little light this week. That being said, there are two interesting webinars taking place. Click on the title of each event below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.
There are just days to go before the start of The Procurement Revolution, the 100% virtual, global, onlie, free event September 26-30. While a lot of the content will be available on demand and at your convenience, there are live daily sessions (webinar-style) that will provide you with the opportunity to engage in discussion with our Revolutionaries.
Take a moment now to register for all of our live sessions:
Monday, September 26th, 11am – 12pm ET
Join Joanna Martinez, Kelly Barner and Philip Ideson in this interactive Q&A led webinar as we discuss what procurement can do to make our profession a competitive advantage.
Tuesday, September 27th, 12pm – 1pm ET
Join Greg Tennyson, Joe Payne, Kelly Barner and Philip Ideson in this interactive Q&A led webinar as we discuss if stakeholder alignment is the key to procurement's survival - and if so, how can we become better business partners.
Wednesday, September 28th, 12:30pm – 1:30pm ET
Join Dr Jim Narus, Dr Michelle Steward, Kelly Barner and Philip Ideson in this interactive Q&A led webinar as we discuss the role that social media plays in how procurement professionals access intelligence and interact with each other.
Thursday, September 29th, 11am – 12pm ET
Join John P. (Jack) Miles, Kelly Barner and Philip Ideson in this interactive Q&A led webinar as we discuss why a change in mindset is crucial to be successful in the new age of procurement.
Friday, September 30th, 10:30 - 11:30am ET
Join Derk Erbe, Vice President of HfS Research, with responsibility for covering the Procurement industry, Kelly Barner and Philip Ideson in this interactive Q&A led webinar as we separate the hype from the reality as we consider the future of procurement.
Below are my recommendations for this week’s best webinars. Just a reminder that September 26th is the start of The Procurement Revolution: a 100% free, online, global, interactive event designed to get the procurement community to Stand Up, Speak Out, and Drive Change. Click on the title of each event below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.
September 21st, 10am ET
If you’re not familiar with Blockchain, it is the underlying technology behind digital currency - like Bitcoin. Wait! Don’t dismiss this event just because you don’t envision supporting Bitcoin as an accepted currency in your next RFP. There is a whole world of fintech (or financial technology) innovation taking place, and it will affect your business more – and sooner – than you might think.
September 21st, 1pm ET
Most of us use the Pareto Principle, more commonly known as the 80/20 rule, on a regular basis. And while it rarely goes beyond a rough rule of thumb, is has so much more potential. For instance, as Supply Chain Brain will discuss in this webinar, it can be combined with ABC analysis to improve inventory management.
September 22nd, 11am ET
With contingent workforce, managed services, and hybrid staffing models growing in popularity, it can be hard to tell where HR ends and procurement begins. If that is going to be the case, deciding which model is best for each skill, headcount, or talent need is a perfect application for the analytics technology and expertise procurement has built up over time.
“There’s a false dichotomy between cost and safety. Are we willing and able to account for the many costs of not having a quality operation: lack of cooperation, poor leadership, waste, and incidents and accidents? If we really and truly account for them, then safety can pay for itself. Getting it wrong is more expensive than doing it right the first time.” – Capt. ‘Sully’ Sullenberger
It seems like only a few weeks ago that Phil Ideson (Art of Procurement) and I first resolved to lead a global, virtual, multimedia, interactive event designed to help professionals the world over make a change - but we’ve actually been hard at work since late winter. As we work our way through the last two weeks before The Procurement Revolution becomes a reality, the time has come for everyone else to start getting ready too.