BMPweblogo2015

Keep current with BMP linkedin twitter scribd btn red 24x24blogtalkradio 24x24youtube24x24soundcloud 24x24

"The Point" is written by BMP Editor Kelly Barner as well as a diverse group of guest contributors.

Book Review: Avoiding a Supply Chain Apocalypse

Book Review: Avoiding a Supply Chain Apocalypse

Dr. Tom DePaoli recently released Avoiding a Supply Chain Apocalypse. It is a collection of the best advice he has to give on topics ranging from relationships to negotiation to Kaizens and storytelling. Since I’ve read all of Dr. Tom’s books, I consider it something of a personal challenge to uncover the material he has added – either because the focus of the book is different or because professional priorities continue to change over time.

 

Like Dr. Tom’s other books, this is for professionals that don’t have the time (or desire) to lose themselves in a 300-400 page book of polished academic theory. His sections are short and to the point and draw in material from third party sites as well as his other writing. You can read one or two sections as time allows and not have any trouble picking up in a different place the next time you sit down.

Continue reading
1624 Hits

Best Webinars 1/11-15: Challenging Fundamentals

Best Webinars 1/11-15: Challenging Fundamentals

Happy New Year! This week marks the start of a new year of webinars – and based on the first events out of the gate, 2016 is clearly going to be a year where it pays off to challenge the fundamentals. Click on the title of each event below to view the full description in our events calendar and to connect to their registration pages.

Continue reading
1169 Hits

Making the Case for a More Diverse Supply Chain

Making the Case for a More Diverse Supply Chain

Supplier diversity is a concept with multiple definitions.  Most commonly, a supplier diversity program focuses on the utilization of women owned, minority owned, and else certified diverse businesses within your supply base.  There is, however, another interpretation of supplier diversity – a diversity of geographical location, sourcing practices, and overall organizational structure.  Evaluating these factors in a meaningful way when evaluating suppliers can be an important factor in managing supply chain resiliency, sustainability, and adaptability.

Continue reading
1517 Hits
0 Comments

Webinar Notes: How Smart Connected Products Are Transforming Companies

Webinar Notes: How Smart Connected Products Are Transforming Companies

This week’s webinar notes are from a December 1st event hosted by the Harvard Business Review. The speakers/presenters were Michael Porter (yes, that Michael Porter) and PTC CEO James Heppelmann. The event is available on demand here.

Continue reading
3388 Hits
0 Comments

Book Review: Strategic Sourcing in the New Economy

Book Review: Strategic Sourcing in the New Economy

Organizations themselves present a major problem; they are stuck in an outdated approach to value creation that has emerged over the past few decades. They continue to view value creation narrowly, optimizing short-term financial performance in a bubble while missing the most important customer needs and ignoring the broader influences that determine their longer-term success.” (p. 24)

 

In November, Kate Vitasek and a team of co-authors released Strategic Sourcing in the New Economy: Harnessing the Potential of Sourcing Business Models for Modern Procurement. Vitasek is best known for her Vested Outsourcing series a books, which are responsible for helping professionals in all functions see the potential of outsourcing relationships aimed at accomplishing a new, more value-oriented type of result. While the Vested books naturally appeal to a procurement audience, you would hardly say that procurement is the main character. We appear in little more than an occasional walk on role – not central to the plot and not particularly memorable.

 

The contrast between procurement’s role in the Vested series and the fact that we now have a book dedicated to our perspective and objectives is striking. While the Vested Way is open to all, clearly we seized an opportunity that has now led to a book all our own.

Continue reading
4062 Hits
0 Comments

What do procurement pros really want in their industry news coverage?

What do procurement pros really want in their industry news coverage?

Last week, Jon Hansen and I did the second in what will be an ongoing series of ‘Point – Counterpoint’ Blog Talk Radio sessions. Here is how these sessions work: we agree on a topic in advance and then I do my darndest to disagree with Jon for 30 minutes, after which he declares us in agreement. Trust me – the conversations are as entertaining as they are informative.

Continue reading
4697 Hits
0 Comments

Who’s Who of Procurement and Supply Chain Literature in 2015: Setting the Bar High

Who’s Who of Procurement and Supply Chain Literature in 2015: Setting the Bar High

Another year done, another 11 book reviews added to the Buyers Meeting Point cache. When I reflect back on this year’s new titles it is the authors rather than the books themselves that really stand out. This is particularly important as procurement is well into a time of significant evolution. In that context, the authors we read are more important than just the content they share. Their experiences and their qualifications set the bar for the rest of us – and the higher that bar is, the better.

Sure, procurement is in the midst of a change that may render the function unrecognizable over the next few years. If we can continue to attract the minds and engage the imagination of people as bright and visionary as the ones spotlighted here, we’re going to be okay on the other side – no matter what.

Tags:
Continue reading
5536 Hits
0 Comments

Best Procurement and Supply Chain Webinars 12/14-18: Another Year of Webinars Comes to a Close

Best Procurement and Supply Chain Webinars 12/14-18: Another Year of Webinars Comes to a Close

Believe it or not, this is likely to be the last week of webinars for 2015. Another year come and gone. Take a look at my recommendations below to sneak in one last opportunity to learn before the year slips away altogether. Click on the title of each event below to view the full description in our events calendar and to connect to their registration pages.

Continue reading
3890 Hits
0 Comments

Standing Tall Beside Amazon in Electronic Component Distribution

Standing Tall Beside Amazon in Electronic Component Distribution

Note: This post originally ran on Design News.

There’s an 800-pound gorilla in the room. It’s called Amazon. Yet not everyone sees it as inevitable that the e-commerce and distribution giant will dominate electronic component distribution.

In a recent interview with Tom Galligani, global vice president of supply chain for distributor Future Electronics, I asked for his views on Amazon’s invasion of the B2B space. Given the size and power of Amazon, you might expect distributors like Future Electronics to be prepared to be put out of business, but that is not the case. In fact, Amazon’s entry into the B2B marketplace creates a unique set of opportunities for buyers as well as suppliers or distributors.

Nevertheless, like others in the electronic components distribution industry and beyond, Galligani and his team are keeping a close eye on Jeff Bezos’ $90 billion e-commerce behemoth. Amazon may have gotten its start with an unbeatable B2C experience, but it has made inroads -- both organically and through acquisition -- into the B2B market.

Continue reading
4572 Hits
0 Comments

Best Procurement and Supply Chain Webinars 12/7-11: Procurement Outsourcing and IT Collaboration

Best Procurement and Supply Chain Webinars 12/7-11: Procurement Outsourcing and IT Collaboration

The year may be winding down, but the webinar calendar is still going strong. There are quite a few events left in the year – this week included. I’m recommending two of the webinars scheduled for this week. Click on the title of each event below to view the full description in our events calendar and to connect to their registration pages.

Continue reading
1495 Hits
0 Comments

Webinar Notes: 10 Steps to Unlock the Power of Procurement

Webinar Notes: 10 Steps to Unlock the Power of Procurement

This week’s webinar notes are from a November 19th event hosted by BravoSolution and presented by Mickey North Rizza, their VP of Strategic Services and former AMR Research/Gartner analyst. As of December 2nd, the event was not yet available on demand on their website. In the meantime, BravoSolution does have a whitepaper with the same title written by North Rizza if you are interested in more. Click here to download it.

Continue reading
3023 Hits
0 Comments

How to Successfully Break-Up With Your Incumbent Supplier

How to Successfully Break-Up With Your Incumbent Supplier

Anyone who has ever completed a Request for Proposal (RFP) has had the unfortunate experience of informing all but one or two suppliers they have not been awarded the business.  It may be difficult and at times uncomfortable, but when the unchosen supplier is the incumbent, there is more to manage than just this conversation.  How this transition process is handled can either help or hinder the success of moving to a new supplier relationship. There are a few steps you can take to smooth the transition and ensure all parties are as satisfied as possible.

Recent comment in this post
Guest — Alun@marketdojo
Great article. We have found that far too many eAuction negotiations end up with the incumbent even though they dont end up in fir... Read More
Thursday, 10 December 2015 04:32
Continue reading
3306 Hits
1 Comment

Best Procurement and Supply Chain Webinars 11/30–12/4: The Topics and Speakers You Didn’t Know You Were Waiting For

Best Procurement and Supply Chain Webinars 11/30–12/4: The Topics and Speakers You Didn’t Know You Were Waiting For

Last week, we unexpectedly had a full slate of webinars – this week the topics and speakers are unexpected. Take this opportunity before the year runs out to attend one of these unique events.  Click on the title of each event below to view the full description in our events calendar and to connect to their registration pages.

Continue reading
2318 Hits
0 Comments

An Annual Tradition of Giving Thanks at BMP

An Annual Tradition of Giving Thanks at BMP

Every year at this time we stop and give thanks for all of the people and organizations that have made a difference to Buyers Meeting Point and our community.

Continue reading
2288 Hits
0 Comments

Best Procurement and Supply Chain Webinars 11/23 – 11/27: A Veritable Feast of Talent and Value

Best Procurement and Supply Chain Webinars 11/23 – 11/27: A Veritable Feast of Talent and Value

I thought for sure that this week would be devoid of events – between last week’s early schedule and the Thanksgiving holiday in the U.S. on Thursday. To the contrary, there is a full slate of webinars on a series of hot procurement topics. Click on the title of each event below to view the full description in our events calendar and to connect to their registration pages.

Continue reading
3018 Hits
0 Comments

A Personal Look at the Resiliency of Tesco and Their Supply Chain

A Personal Look at the Resiliency of Tesco and Their Supply Chain

I recently had the opportunity to interview Robert Mason and Barry Evans, co-authors of the book ‘The Lean Supply Chain: Managing the Challenge at Tesco.’ It was published in September 2015 and you can read my review here.

Barry Evans worked as a Lean Process Manager at Tesco, developing ways for lean thinking to be applied to Tesco’s supply chain. He has also joined the Lean Enterprise Research Centre at Cardiff Business School as a Senior Research Associate. Robert Mason is a Senior Lecturer in Logistics and Operations Management at Cardiff Business School and has led many business research projects with Tesco as a partner. To read their ongoing blog posts, click here.

Continue reading
3567 Hits
0 Comments

Best Webinars 11/16 – 11/20: Taking Procurement from Good to Great – Finance and Risk Notwithstanding

Best Webinars 11/16 – 11/20: Taking Procurement from Good to Great – Finance and Risk Notwithstanding

With the Thanksgiving holiday ahead in the U.S. next week, this week is like two weeks of events in one. 11 events in three days provides plenty of options – and my three picks are below. Click on the title of each event below to view the full description in our events calendar and to connect to their registration pages.

Continue reading
3116 Hits
0 Comments

Webinar Notes: Three Foundations for Best Practice Procurement

Webinar Notes: Three Foundations for Best Practice Procurement

These webinar notes are from a November 5th event co-presented by Peter Smith from Spend Matters UK/EU and Daniel Ball from Wax Digital. The webinar is available on demand on Wax Digital’s site.

Peter Smith opened this event by offering up a powerful statistic from Wax Digital's own research: when asked, 44% of procurement teams said they have a close working relationship with the business. Unfortunately, only 18% of those business stakeholders agree. This amounts to a 25% ‘relationship leakage’ – or as Smith said in the event, self delusional procurement organizations. And that doesn't even touch on the 56% of procurement teams that DON'T think they have good relationships with stakeholders...

The idea of this event was to look at multiple kinds of integration that procurement has responsibility for. When Smith talked about the three models for procurement (see below), the focus was decidedly on information and communications flows rather than data and technology. In my opinion, that is fantastic because it expands the role and potential impact of procurement through our understanding of our own way of working.

Continue reading
1477 Hits
0 Comments

Best Procurement and Supply Chain Webinars 11/9 – 11/13: Healthcare, the Tech Agenda, 3rd Party Management

Best Procurement and Supply Chain Webinars 11/9 – 11/13: Healthcare, the Tech Agenda, 3rd Party Management

This week’s picks are definitely for big thinkers. Big as in big challenges and big opportunity for the organizations that get it right. In addition to the webinars below, Directworks is running a live demonstration of their 2.0 solution on November 11th from 2-3pm EST. Click on the title of each event below to view the full description in our events calendar and to connect to their registration pages.

Continue reading
3197 Hits
0 Comments

Book Review: Fashion Logistics: Insights into the Fashion Retail Supply Chain

Book Review: Fashion Logistics: Insights into the Fashion Retail Supply Chain

I went into my review of Fashion Logistics: Insights into the Fashion Retail Supply Chain by John Fernie and David Grant (Kogan Page, November 2015) with pragmatic acceptance of the fact that it would contain more logistics than fashion. I could not have been more wrong. Far from being a dry, flat examination of the global garment industry, this book is a well rounded representation of an industry that is facing not only challenges but an increasing pace of change. The case studies and historical context are as indulgent as many of the brands the authors cover.

Continue reading
5910 Hits
0 Comments