Buyers Meeting Point procurement by Kelly Barner

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Who is not being honest in your supply chain?

Who is not being honest in your supply chain?

There is a famous children’s story about Pinocchio. Whenever he would lie, his nose would grow longer.

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Looking in the mirror for organizational self-assessment

Looking in the mirror for organizational self-assessment

“I’m starting with the man in the mirror, I’m asking him to change his ways……Take a look at yourself and make a change”.

 

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Implementation of new suppliers

Implementation of new suppliers

As a child at the dinner table, we were expected to try at least a bite of something. Like anyone, we often did not want to try something new. It was not comfortable and it was easier to skip it or default to what we knew we liked. There is an old commercial for Life cereal where Mikey tries it and the famous tag line – Try it, You'll Like It.

 

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What do you do just in case?

What do you do just in case?

 We have a small closet at home in a spare bedroom that acts as our overflow pantry. It is not anywhere near as organized as the picture above. In some ways it is our ‘just in case’ inventory. Usually it is stocked with staples that were on sale so we got two. Some of it however is ‘just in case’ we want to bake a cake or cookies or had an urge for some salsa and chips. This past Halloween we bought candy for 200 and only had 30 visitors. Oops!! I am sure it will get consumed somehow!

 

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Building Stronger Supply Chain Relationships

Building Stronger Supply Chain Relationships

The saying goes that you know who your friends are when the going gets tough. Those are the ones that show up when there is work to be done, visit when someone is sick, or to just be around for support. That is a test of a strong relationship.

 

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Supply chain risks and chocolate

Supply chain risks and chocolate

Halloween was a few days ago. We have quite a bit of candy around the house due to that holiday. In our weekly blog, Protect your supply chain like it is your last piece of chocolate, we spoke about the supply chain risk for the candy industry involving cocoa.

 

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Electronic regulations around the globe

Electronic regulations around the globe

We live in a technology age. That is not big news. In some areas, the electronic record is considered official and binding. For example, for the last 4 or 5 years we have filed our taxes electronically and that has been adequate and official. In other areas, they still want an original signature on a paper, with multiple copies. I know when we have gone to refinance our house, the banks require paper copies.

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Sarbanes-Oxley for Dummies

Sarbanes-Oxley for Dummies

I love the “For Dummies” books. We have used them many times. What a wonderful way to simplify everything from travel to home improvements to technology. Obviously it has become quite successful along the way so they must be doing something right.

 

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Understanding International Trade

Understanding International Trade

 More and more procurement organizations have some component that involves global trade. Understanding the intricacies of this can be mind boggling.

 

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Rules and Regulations make the world go around

Rules and Regulations make the world go around

About 90% of goods are transported with ocean freight for global commerce. With all that activity, there has to be some way to control the comings and goings.

 

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James Bond, The Living Daylights and Customs

James Bond, The Living Daylights and Customs

In The Living Daylights movie, James Bond and his most recent female companion are escaping the “bad guys” by sliding down a snow covered mountain on a cello case. As they cross the border into Austria, the customs agent asks “Do you have anything to declare?” James Bond’s response is “Only this cello!”

 

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The Buyers Side to Implement Supply Chain Finance

The Buyers Side to Implement Supply Chain Finance

One of my father’s favorite sayings was “Less Jaw work and more Paw work”. In other words, enough talking, it is time to get moving!

 

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If at First you don't succeed at Supply Chain Finance?

If at First you don't succeed at Supply Chain Finance?

As the Saying goes – Try, Try, Again. You learn from what you did wrong, make the necessary adjustments and try again. Of course, learning from others mistakes in the first place is even better and a highly recommended approach.

 

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Do you have the right attitude for Supply Chain Finance?

Do you have the right attitude for Supply Chain Finance?

 

I can remember as a teenager having a bad attitude about something. It could be homework, a chore of some kind or even a social engagement that I did not want to attend but I had to. I often got the “your attitude will determine the kind of day you have” message. I did not believe them but of course that was very accurate. It was better if I made up my mind for it to be better.

 

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Are your payment terms benefiting your competitors?

Are your payment terms benefiting your competitors?

We have talked about how Supply Chain finance can benefit everyone in the supply chain. In order for processes to be sustainable long term, they need to have solid benefits for those involved. Otherwise, at some point it will break down. However, we are referring to your suppliers and customers, NOT your competitors!

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Everyone wins with Supply Chain Finance

Everyone wins with Supply Chain Finance

There is a phrase of "win, win, win" where the buyer, the supplier and the customer all benefit. With Supply Chain Finance, that is just the case.

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Six Trends of Supply Chain Finance

Six Trends of Supply Chain Finance

How an organization manages its money is critical. That is nothing new. However, there are trends in procurement influencing how that is done.

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Challenges Implementing Eprocurement

Challenges Implementing Eprocurement

 I was involved in a project many years ago documenting the current procurement process across many divisions within a large international company. It was tedious and detailed work. I was frequently surprised by the various ways stuff was purchased. I was also surprised at what needed approval and what did not. For example, a cell phone needed Senior VP approval but a multi-million dollar purchase order for a For-Resale item did not.

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Continuous Improvement in Procurement

Continuous Improvement in Procurement

I am not a fan of the term best practices. I mean who says it is really ‘best’ and there is always room for something better. I feel it is a little presumptuous to think YOUR way is the BEST way. I also think others can be offended by being told how to implement a best practice. However, there are ‘better’ practices that could improve your current situation. Some like to call it a process for continuous improvement.

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Benefits of eprocurement and how you shop

Benefits of eprocurement and how you shop

I am not a shopper (which is an extreme understatement). I would pretty much like to spend my time doing almost anything else. Much to my teenage daughter’s chagrin, we went to the mall only once or twice a year. It was usually to get back-to-school clothes and to do Christmas shopping. When my mother took me shopping for clothes as a youngster, she claims that she could tell when my eye color turned from green to ‘grey’ that she was done and we had to leave and come back another time. While we may have been tempted to just grab anything and go, most of the time we did not.

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