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The Point

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

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

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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.

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

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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.

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

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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.

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

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“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.

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

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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.

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

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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.

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Recommended Procurement Webinars April 9-13: Brexit, Financial Health for Risk Management, Enterprise AI

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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.

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

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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? 

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Recommended Procurement Webinars Feb 19-23: Supply Chain Visibility, Global Risk Review, Improving Business Spend Management

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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.

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Recommended Procurement Webinars Feb 12-16: AP Automation for the Cannabis Industry, 3rd Party Risk Management, and Procuring with a Purpose

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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.

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Recommended Procurement Webinars Feb 5 - 9: Disrupting workplace apathy, Proactive risk management, Defending supply chain innovation

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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.

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Recommended Procurement Webinars Jan 29 – Feb 2: Contract Management, 2018 Trends, and Supply Chain Visibility

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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.

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Recommended Procurement Webinars Jan 22-26: Cognitive Supply Chain, Mindmapping, and an Efficiency/Customer Sat Paradox

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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.

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The True Cost of Noncompliance

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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.

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

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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.

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Recommended Procurement Webinars for October 23-27: Bots, Branding, and things that go Bump in the Night

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Another busy week of events! 11 webinars and ProcureCon Pharma in Philadelphia Oct. 24-26. I’m also presenting a webinar this week, along with Jaggaer and WNS Denali: How can you control rogue marketing spend? We will have an honest (and humorous) conversation about the challenges procurement commonly faces with Marketing and make some recommendations to address them. 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.

 

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Recommended Procurement Webinars for October 16-20: Extended supply partners, Supply chain risk ROI, the High-end gig Economy

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After a quiet week last week, we’re ramping back up to a full schedule with 9 events taking place. And if you’re thinking a little further out, I’m presenting a webinar with Jaggaer and WNS Denali on October 26th: How can you control rogue marketing spend? 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.

 

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Recommended Procurement Webinars for September 25-29: Corporate debt, Supplier risk relationships, Dynamic sourcing

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This week there are 14 webinars taking place! They cover everything from ‘Spend Analysis Unicorns’ to Microsoft’s ‘Reinvented’ manufacturing supply chain. 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.

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Recommended Procurement Webinars for August 21-25: Growth, Long term P2P Success, Customer Centricity

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And just like that, the summer and the drought on webinars are coming to an end. Even though Labor day is another two weeks away in the U.S., schools are about to be back in session – for kids and for professionals! Click on the title of the webinar below to view the full description and register.

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Recommended Procurement Webinars for July 31 – August 4: Direct Talent, International AP, Scenario Planning in an Uncertain World

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This week’s three webinars all draw on big trends affecting all companies and industries: changing workforce structure, increased globalization within enterprises, and the impact of uncertainty on planning and risk mitigation. Click on the title of each 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.

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