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

Recommended Webinars Oct 14-18: Risk, Visual Contracting and the 2020 Digital Procurement Mandate

Happy Thanksgiving to all of our Canadian friends: Stephany Lapierre and the team at Tealbook, Rod Sherkin at the ProPurchaser team, Negotiations Ninja’s Mark Raffan and Procurement Insights' Jon Hansen!

If you are looking for a longer term recommendation, the next AOP Live session has just been scheduled: The Current State of Digital Readiness: Mastering the Supply Chain Data Challenge on October 29th at 11am ET. This 45-Minute Live Q&A with Philip Ideson and Joseph Yacura will interpret and comment on the results of the 3rd annual Data Quality and Governance Study. 

There are also two live events taking place this week, ProcureCon EU in Barcelona, Spain and the 7th Annual Procurement Strategy Summit in Dubai, UAE.

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 June 17-21: Supply Chain Resilience, Digital Disruption, and Socially Responsible Automation

This is one of those weeks – clearly everyone waited for the exact same week to set up events. There are two live events: ProcureCon IT Sourcing in Denver, CO Tuesday through Thursday and the inaugural Supply Chain, Innovation, Technology 2019 (SCIT19) event in New York City. In addition to that, we have 8 webinars.

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 June 10-14: AOP Mastermind and real time risk management

This week’s long term webinar recommendation is a special one – it comes with good news and it is the culmination of a lot of hard work. Readers of this blog know that I spend a lot of time working with Philip Ideson at Art of Procurement. Next week, we’re launching AOP Mastermind, a completely new way for procurement professionals at all levels to collaborate, network, benchmark and learn from peers and outside subject matter experts. AOP Mastermind will deliver an in-person experience through a virtual, facilitated environment.

We’re hosting four webinars on launch day: June 18th. Check out the registration page and select the one that works the best with your schedule.

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 27-31: International Trade Uncertainty and Transformation Success

With the Memorial Day holiday on Monday in the US, this is typically a quiet week. I’m actually surprised at how many events are going on… There are already 10 webinars on the calendar for June and I added the first two to July this week, so maybe we’ll have an active summer this year!

If you are planning your webinar schedule beyond this week, I recommend ‘Socially Responsible Intelligent Automation (AI) thru AI-Payables’ from SIG and Global Sourcing Optimization Services (GSOS) on June 20th at 1pm 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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Recommended Procurement Webinars May 20-24: Catching Excellence, Talent Crisis, Next Gen Operating Models

I went into my calendar work this week feeling a bit sad that there weren’t more choices. And then – just like that – I added a bunch to the remainder of May and early June and now you have 7 to consider. For non-US readers, don’t forget that this weekend is the official kick-off to summer in the States, so things will be very quiet Friday through Monday as people head off for the Memorial Day weekend.

If you are planning your webinar schedule beyond this week, I recommend ‘Practical steps to embed Social Value into your procurement strategy’ (Proactis) on June 6th at 5am ET (10am BST).

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 22-26: Cost Transparency, GPO Power and Drones + IoT

I’ve been watching this week shape up for a while: Thursday is absolutely crazy. There are 7 events all on the same day, 2 at 1:00pm ET and 3 at 2:00pm ET. Great minds think alike, as they say.

If you are planning your webinar schedule beyond this week, I recommend ‘Achieving agile procurement in digital transformation’ from tealbook on May 2nd at 2pm ET. The event will feature an introductory presentation from A.T. Kearney Vice President Hugo Evans.

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 15-19: Empowering the Future Supply Chain, Marketing Mindset and Innovation Loss in Manufacturing

After last week’s busy schedule – including a number of webinars and the ISM conference in Houston, this week falls back to a slower pace. I’m seeing a ‘clustering’ effect for the next two weeks, where a bunch of webinars are being offered, but they all seem to overlap. Even this week’s three recommended events all occur on Tuesday within a three-hour window.

If you are planning your webinar schedule beyond this week, I recommend ‘Accelerating Supplier Enabled Innovation – Harnessing the True Power of Supplier Relationship Management’ from Zycus and Four Pillars’ David Atkinson on April 23rd at 11am 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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Recommended Procurement Webinars April 8-12: #ISM2019, Digital S2P and World Class Supply Chain Management

In addition to the virtual events recommended below, this week also brings us ISM’s annual conference in Houston, TX. If you are going, make sure to go see my good friend Rod Sherkin (President of ProPurchaser). He’s presenting in the Challenges track on Tuesday morning at 10am: Cost Transparency– Catalyst for Achieving Negotiating Goals.

If you are planning your webinar schedule beyond this week, I recommend either ‘Supply Chain Tech Update: Drones & IoT’ from Supply Chain Now Radio, Talent Stream, and APICS Atlanta on April 26th at 12n ET or the next session of AoP Live: Automate Procurement Without Spending a Dime: Harness the Power of Group Purchasing on April 25th at 2pm ET from Art of Procurement and UNA GPO.

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 March 18-22: Succeeding in the Amazon Era and Redefining Business Commerce

I added nine new events to the calendar this week, and they are all taking place in the next three weeks – concentrated around just four dates. When you look at the full calendar, check out March 19, 26 and 28 and April 4.

If you are planning your webinar schedule beyond this week, I recommend ‘How to Tie Wellness Into Strategy’ from C-suite Network and Rx2Live on March 26th at 2pm ET. I don’t know much about either of the organizations associated with this event, and I honestly don’t know how I got on their mailing list, but the topic is refreshingly new. I know AI and transformation and machine learning are important, but its nice to have an alternative. As we turn the page to spring, we could all probably use a new bounce in our step by balancing our strategic performance with our holistic well-being.

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 September 17-21: Geeking out on AI, Digital Procurement, and Trade Wars

This week presented me with a challenge on two levels – it was hard to select just three of the nine fantastic webinars taking place in the next few days, but it was just as difficult to decide which longer term event to suggest. At the end of the day, I compromised on a tie; both of the following events look amazing:

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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China: Beyond the Trade War Hype

Globalization has transformed the world into one big economy. Capitalist theory suggests that markets in an open and healthy economy promote widespread well-being by increasing competition and ensuring the availability of goods and services. Increased competition then drives production cost optimization, research and development, quality management, differentiation, innovation, and other positive externalities. Broadly speaking, competition generates wealth.

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Webinar Notes: Trade Wars & Supply Chains: Measuring and Managing the Impact

These webinar notes are based on an April 26th webinar presented by Resilinc and Hogan Lovells and hosted by Supply & Demand Chain Executive Magazine. Here is the link to the on demand registration page.

As I mentioned in my weekly webinar recommendations post, I trusted S&DCE as the host of this event because I’ve seen them cover equally ‘hot button’ topics with balance and a high degree of professionalism in the past. This event was no different – in fact, Resilinc CEO & Founder Bindiya Vakil opened the webinar by making the comment that the topic would be handled as a business issue – not a political one.

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Guest — James Martin
This was an excellent presentation. Kudos to the team for highlighting important issues related to tariffs.
Monday, 30 April 2018 14:09
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What would you do? Risk management: weather-related supply chain disruptions

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 March 19-23: The Corporate Cash Environment and De-risking International M&A

As we officially enter spring, my recommended webinar topics are taking a fresh new focus. The birds are signing, plants are pushing their way into the sun, and procurement is thinking big – digital transformation, the financial supply chain, and innovation. If you like to plan further ahead, I recommend “How Artificial Intelligence will (and won’t) change Procurement and Contracting” from Determine and Forrester on March 27th. 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 5 - 9: Disrupting workplace apathy, Proactive risk management, Defending supply chain innovation

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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Procuring Lives in Puerto Rico

Before examining Hurricane Maria’s stampede through Puerto Rico, let’s take a glimpse of this Caribbean island before the natural disaster hit. 3.4 million U.S. citizens live in this commonwealth of the United States. After being “discovered” by Columbus, the island endured Spanish colonial rule, disease, African slavery, attempted colonization by the French, Dutch, and British, the Spanish-American War, and the unending ambiguity of territorial status.

This past May, Puerto Rico declared bankruptcy with more than $70 billion in debt, exacerbated by the Jones Act, which doubles the cost of goods due to American control of Puerto Rican ports. PREPA, the main electric company on the island, has $9 billion in debt, resulting in total absence of modernization efforts of the power grid in Puerto Rico and frequent outages.

And then, Hurricane Maria happened, inflicting widespread devastation where significant challenges already existed. There is an opportunity here for procurement to play a significant role in helping Puerto Rico cope and eventually recover: by delivering the right supplies and services at the right time for the right cost in the right amounts to the right places.

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

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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Book Review: The LIVING Supply Chain

In the new global era, speed and velocity are more important than everything else!” (p. 12)

The LIVING Supply Chain: The Evolving Imperative of Operating in Real Time by Rob Handfield and Tom Linton (Wiley, 2017) takes everything you know about ecosystems and Darwinian principles and applies it to supply chain management.

One of the most telling sections in the book is in the Preface where Handfield shares three major shifts affecting the digital economy (paraphrased here by me):

  1. Data is a natural resource (think raw material)
  2. Converting data into decisions is the key refinement process of the digital era
  3. Cognitive computing (human/machine interaction) will be a critical ‘relationship’

To me, these points are significant because they are NOT followed by something along the lines of “… and here is what all this means for supply chain.” Like the authors, we need to stop thinking of the supply chain as somehow separate or downstream from economic/digital trends. The supply chain is a fully integrated piece of the ecosystem – or should be – and must be managed as such. Every time we feel compelled to translate trends, priorities, forces into a supply chain-centric version, we obscure their meaning and slow the movement of information.

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Recommended Procurement Webinars June 5-9: Replacing People-Process-Technology, Collaboration, and Supply Chain 2030

In addition to the virtual events below, ProcureCon IT Sourcing is taking place in Austin, TX Monday through Wednesday and the Manufacturing Supply Chain Officer (MSCO) Summit is taking place on Thursday and Friday in Singapore. 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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Recommended Procurement Webinars for May 1 - 5: A Tight Talent Market and Our Volatile World

It’s May. Aaaaaaaaah! Seriously, though, that means the clock is ticking on the official start of the summer work season (I date mine from the Friday before Memorial Day). I fully expect webinars to continue strong through the summer months, and there are already a couple of June in person events as well. 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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