Several years ago we installed a water filter in our home. We strive to drink water over other beverages and carry reusable water bottles with us to work, the gym and on trips. We will occasionally purchase single use plastic bottles, especially for holidays and large family gatherings.
One of the interesting things about consistently reading and hearing content from quality sources is that you start to notice trends. It is amazing how often the same topics arise at the same time in different places. We use this blog as a way to help you stay on top of the major themes in procurement and supply chain management.
Editor's note: Buyers Meeting Point would like to thank partner and colleague Jeanette Jones of Cottrill Research for this week's webinar notes. The original posting can be viewed on the Cottrill blog. For our readers without a background in etymology or taxonomies, an ontology is the study of categories of bring as well as their interrelations. In a procurement context, this can most clearly be seen in spend analysis through the category structure and hierarchy used by the company to group and organize transactions.
There are many articles and reports about using Big Data for supplier risk, but there is still confusion about what Big Data is and how exactly one moves forward. Tom Fishburne at marketcartoonist.com succinctly sums it up with this gem, “many companies struggle with small data, let alone big data.”
Our discussions these past few weeks have been about sustainability and procurement. When I came across this blog about Simpa Networks by Lindsay Clinton, I realized it fit our sustainability theme. I also found that it discussed an especially creative approach to making solar energy affordable.
Kaizen Kreativity is the fifth book by Dr. Tom DePaoli, and the third one I have reviewed. Like his other books, Kaizen Kreativity combines examples from his diverse professional past with easy to comprehend definitions and background. His lack of pretension is particularly appreciated since he often relates cases about Lean and Six Sigma. For anyone without experience using these methodologies, the terminology can be off-putting at best, and in the worst case scenario may deter people from realizing their benefits altogether.
There has been a lot of focus in the past year on Supplier Relationship Management, and rightfully so. As the efforts of Strategic Sourcing initiatives begin producing diminishing returns, SRM is heralded by most to be the next step: focusing more on delivering value to the organization and developing relationships that can produce competitive advantages in the market. However, an SRM policy is only effective if the proper suppliers are in place, which is why it is routinely classified as the next step after strategic sourcing. There is little value in curating and managing relationships with suppliers that are not firmly aligned with your organization’s strategic goals.
“Risk management is not a purchasing initiative. It’s an initiative and philosophy that has to be embraced by the entire organization.”
-- Rose Kelly-Falls Senior VP Supply Chain Risk, Rapid Ratings and event panelist
This week’s webinar notes are from a February 13th webinar hosted by IASTA and featuring a panel of speakers. An on demand version of the event is available on their website.
The world has been captivated by the Winter Games in Sochi for 17 days. Our family is glued to the events every evening. When they conclude on Sunday, there will be significant withdrawal in our household and many others next week for sure.
This week’s webinar notes are from a January 23rd event presented by Ardent Partners, and sponsored by Puridiom and BravoSolution. An on demand version of the event is available through Puridiom's site.
In our area, there are several fields that have been converted into solar farms with lots of solar panels. A good friend of mine has installed a solar panel at their home and actually sells excess electricity back to the utility companies. There is so much power from the sun.
Despite the fact that Marcy Phelps’ Research on Main Street is not necessarily written for a procurement audience, it offers invaluable advice as well as links to the resources required to carry that advice out. The idea of ‘local’ is not limited to the location of the researcher, but rather the information being sought. Another way of looking at it is point-point information, highly specific to a business need and detailed enough to motivate a decision.
This week’s featured webinar notes are from a February 6th webinar hosted by Preparis. The event is available on demand on their website. The event was fascinating, in no small part because of the qualifications of the speakers and the organizations they represent.
How do you start a journey of a 1000 miles, - one step at a time!
I was at several airports this month and everyone is recycling. On the plane, they are separating the waste to improve the recycling opportunity. Clearly they have taken steps to do something to sustain the environment!
So how does that translate to your organization? This week’s eSourcing wiki is the first of several parts to discuss areas for going green.
IT – I know our town has certain days throughout the year to recycle IT equipment – old computers, cell phones and printers. However, the key is to think up front as your are doing the purchasing. Are they energy efficient, repairable as opposed to disposable, and highly recyclable?
This week we also discuss office supplies and office furniture as things to think about.
Has your organization conquered IT and office supplies as a way to be sustainable? Did you take a similar approach? What would you suggest? Share your thoughts by commenting below or tweeting @buyersmeetpoint
This week’s webinar notes are from the Next Level Purchasing Association’s January webinar on IT and Procurement. Bill Dorn, the VP of Operations from Source One Management Services was the main presenter. You may also know Bill as the co-author of Managing Indirect Spend with Source One’s Joe Payne. Although the full event and presentation are only available to NLPA Premium members, I will share an exclusive excerpt of the audio in my weekly procurement update on Blog Talk Radio update on Monday, February 10th.
What I found facinating is that they are not all modern day Presidents. They go back to Thomas Jefferson's day. He was a great believer in nature, science and public education.
Conservation and preservation of public lands which makes up the US National Park System is attributed to both Theodore Roosevelt and Abraham Lincoln.
This resource also has a buying guide with all types of information on how to buy green. It lists a large array of consumer goods that are energy efficient, recyclable or have clean manufacturing practices.
There are so many reasons to be aware of our purchasing behaviors both as consumers and as procurement professionals. Protection of our environment and resources is key. Many organizations will communicate their practices to their customers to gain their loyalty.
What has your organization done in buying green? Have they found it to be beneficial and cost competitive? Share your thoughts by commenting below or tweeting @buyersmeetpoint