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

The Point

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

Recommended Webinars Nov 12-16: Digital Risk Management, Digital Procurement Transformation, and Linking to Business Value

AdobeStock_journey

This week, ProcureCon Marketing is taking place in San Diego, CA Monday through Wednesday. You may also notice that this week gets off to a slow start, as many companies observe Veterans’ Day on Monday. If you are planning your webinar schedule beyond this week, I recommend ‘Improving Supplier Diversity Outcomes: How innovative tech can uncover the diversity spend you already have’ from tealbook on December 5th.

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
  1713 Hits
  0 Comments

Recommended Webinars Oct 29 – Nov 2: Digital Transformation, Disruptive Innovation, ‘Steady Flow’ Risk Management

AdobeStock_pumpkin_webinar

As we close the book on October, ProcureCon MRO is taking place in Fort Worth, TX this week on Monday and Tuesday. I’d also like to invite everyone to join me on Wednesday at 11am ET for a webinar I am presenting on a new way to approach talent development: a 3-Part Framework for Procurement Talent Transformation: Vision, Realism, and Accountability.

If you’re planning your webinar schedule beyond this week, I recommend "Understanding the Digital Procurement Transformation Journey" from SpendHQ and Bain & Co on November 15th at 2pm ET.

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
  1556 Hits
  0 Comments

Recommended Webinars October 22-26: Actively managed procurement, Integrated risk management, Leveraging a contingent workforce

AdobeStock_wish

This week continued to fill up, with new events being added to the calendar as late as Friday. Make sure you take a look at the full listing of events, which include a couple of ‘Lunch & Learns’ from Public Spend Forum.

If you’re planning your webinar schedule beyond this week, I invite you to join me on October 31st for a webinar I’m presenting at Zycus’ invitation: “3-Part Framework for Procurement Talent Transformation: Vision, Realism, and Accountability”.

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
  1754 Hits
  0 Comments

Book Review: Third Party Risk Management

AdobeStock_financialservices_pig

“Efficient, effective, risk-centric, and risk-adjusted third party lifecycle and risk management is a new and distinct way of doing business. How your company approaches any major change like this one is up to senior leadership.” (p. 162)

 

Third Party Risk Management: Driving Enterprise Value by Linda Tuck Chapman (The Risk Management Association, 2018) tackles one of the topics that procurement organizations discuss most – how to prepare for, handle, and mitigate the risks that result from our company working with third parties. Although it is not declared on the cover, the book is largely focused on the financial services industry. That said, the vast majority of the information will apply to your company regardless of industry or sector.

Continue reading
  2702 Hits
  0 Comments

Survey Chair Commentary: The July ISM-New York Report on Business

AdobeStock_NewYorkbinoculars

The July ISM-New York Report on Business was released on August 2nd at 9:45am Eastern and is available for download here.

Like the other ISM reports, the ISM-New York Report on Business is compiled as diffusion indices –we add the percent of positive responses to one-half of those responding that conditions remained the same.  A reading of 50.0 means no change from the prior month, greater than 50.0 indicates a faster pace of activity, and less than 50.0 a slower rate. Each month is not so much a reading of the current level of activity as it is an indication of growth or contraction from the previous month.

A note specific to the New York Metro area, where all of this report’s respondants are located: they are predominantly in professional services industries. It is important to keep this in mind when we think about the context for the trends being reported by these particular purchasing managers.

Continue reading
  2556 Hits
  0 Comments

Recommended Webinars July 23-27: Enterprise Drivers for Digital Transformation and Controlled Risk Management

AdobeStock_driver

We’re slowly chugging through the summer – in fact, next week’s recommendations will move into August. Actually, we’re already there in a way, because my long term recommendation for this week is just before Labor Day weekend: “Supply Chain and Safety: The Imperative of Partnering to Effectively Manage Contractor Performance and Risk” from ISM and Veriforce on August 29th.

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
  1957 Hits
  0 Comments

Recommended Webinars July 9-13: Supply Chain Vulnerability, State of Outsourcing, Leading Procurement

AdobeStock_paperdoll_leadership

After last week’s hiatus, we’re back with a full slate of webinars. If you’re looking to plan a little longer term than just this week, I recommend checking out “Don’t Go Chasing Unicorns” from Procurious and SAPAriba (a #ProcurewithPurpose webinar) on July18th at 2pm ET.

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
  2020 Hits
  0 Comments

Survey Chair Commentary: The June ISM-New York Report on Business

AdobeStock_statuelibertyfireworks

The June ISM-New York Report on Business was released on July 3rd at 9:45am Eastern and is available for download here.

Like the other ISM reports, the ISM-New York Report on Business is compiled as diffusion indices –we add the percent of positive responses to one-half of those responding that conditions remained the same.  A reading of 50.0 means no change from the prior month, greater than 50.0 indicates a faster pace of activity, and less than 50.0 a slower rate. Each month is not so much a reading of the current level of activity as it is an indication of growth or contraction from the previous month.

A note specific to the New York Metro area, where all of this report’s respondants are located: they are predominantly in professional services industries. It is important to keep this in mind when we think about the context for the trends being reported by these particular purchasing managers.

Continue reading
  1767 Hits
  0 Comments

Book Review: Fundamentals of Risk Management (5th Ed.)

AdobeStock_fundofrm

“When considering any contribution that risk management can make to the organization, it is important to decide whether the contribution will relate to strategy, projects and/or operations. The decision will enable the risk management activities within the organization to be aligned with the other business operations activities and imperatives.” P. 292

 

Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management (5th Ed.) by Paul Hopkin (Kogan Page, July 2018) provides a thorough and instructive foundation for anyone looking to increase their enterprise’s rigor around risk. By acknowledging and discussing critical contextual issues such as global finance, international regulations, corporate culture, and natural human responses to risk, this book sets the reader up for success - and empowers them to proactively and positively navigate the inevitable uncertainty we all work in the midst of.

Continue reading
  1884 Hits
  0 Comments

Recommended Webinars June 18-22: Securing Supply Networks, From Procurement to Finance with Love, Managing IT Business Spend

AdobeStock_withlove

In addition to the webinars recommended below, I invite you to join me, Jon Hansen, and Magnus Lind for a Zycus-hosted webinar at 2pm ET on Tuesday, “Automation Deployment And Change Management Best Practices”. ProcureCon IT Sourcing is taking place in Denver, CO Tuesday through Thursday. If you like to plan further ahead, I recommend “Value Drivers And Expectations For The Digital Transformation Of Procurement” from ivalua and The Hackett Group on July 24th.

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
  1811 Hits
  0 Comments

Recommended Procurement Webinars May 7-11: GDPR, Intelligent Risk Mitigation, Digital Supplier Management

AdobeStock_metricswebinar

This week, the annual ISM conference is taking place in Nashville, TN. But if you’re not traveling, not to worry – there are lots of virtual events you can easily slot into your calendar. And of course, I hope you are able to join me – and my friends from Supply Chain Now Radio, Talent Stream, and APICS Atlanta on Tuesday at 12pm ET for “Managing Your Metrics.”

If you like to plan further ahead, I recommend Supply Chain Insights’ 2018 Supply Chains to Admire webinar, being held on June 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
  2646 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
  2675 Hits
  0 Comments

What would you do? Risk management: weather-related supply chain disruptions

AdobeStock_weatherrisk

In August 2017, Hurricane Harvey struck a significant blow to the Houston, Texas metro area, home to the sixth largest import terminal in the world as well as all of the shipping lanes in the Gulf Coast area. Given the strong economic linkages between the Gulf Coast and the country as a whole, Harvey impacted the U.S. economy far beyond the local region.

Supply management professionals were on the front lines of the economic side of this environmental disaster. Imagine yourself as one of them: your facility and/or your suppliers’ facilities are in the hurricane’s path. Damage is done during the storm, and you will have to deal with the after-effects, including ongoing impacts on transportation and labor. How do you prepare for the unexpected? How will you cope with the aftermath? What do you do? 

Continue reading
  2371 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
  3047 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
  2247 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
  2847 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
  2495 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
  2614 Hits
  0 Comments

The True Cost of Noncompliance

AdobeStock_noncompliance

Have you ever wondered why your savings projections supersede the realized savings? Have you ever been challenged by your finance department to validate the projected cost savings one year into an agreement? Has your C-suite ever complained that procurement’s estimates and projections go unrealized? If you have faced any of these or similar situations, you are not alone. Savings projections often fall short of reality, but why? For many procurement organizations, their sourcing efforts aren’t felt due to noncompliance.

Continue reading
  3029 Hits
  0 Comments

Recommended Webinars for October 30-November 3: Procurement Apps, 2018 Risk Strategy, RPA

AdobeStock_futurebiz

This week is a little slower than the last two, but the topics are fantastic! The three webinars I’ve recommended below are forward looking different ways. From getting smarter through the use of procurement apps, planning our your 3rd party risk management strategy for 2018, and getting a realistic grasp on RPA adoption success, the future looks bright indeed! 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
  3107 Hits
  0 Comments

BMPLogo