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

In the Introduction, the author explains that the book was designed to support the curriculum of the Institute of Risk Management (IRM) certificate in risk management. That may explain any of the sections that read a bit ‘stiff’ or ‘cut and dry’ given the complexity and subjectivity of modern supply chain uncertainty. Fundamentals of Risk Management makes clear that -like other enterprise initiat...

By Kelly Barner

Posted in Book Reviews on 19 June 2018

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

Enhance your SRM processes and technology to protect and secure your supply network (ISM, riskmethods) June 19th, 12n ET If you think your current risk management programs are a response to the broad challenges of supply chain uncertainty, you may want to dig a little deeper. As pointed out in the description for this webinar, most of today’s risk management programs were established in re...

By Kelly Barner

Posted in Weekly Event Recommendations on 18 June 2018

Exploring DaaS: Device As A Service

More recently, as-a-Service nomenclature has begun to permeate the marketing materials of IT hardware Original Equipment Manufacturers (OEMs), taking the form of Device-as-a-Service (DaaS). Large OEMs such as Dell and HP are pushing their Value-Added Reseller (VAR) partners and corporate customers toward this new business model. For an industry which has until very recently adhered to traditional...

By David Yin

Posted in Guest Posts on 14 June 2018

Setting the Foundation: Preparing Spend Data for a Procurement Metrics Program

Clean data is critical in ensuring that the spend volumes, inventory, and supplier information used to calculate metrics are true representations of the current state. Beginning a sourcing initiative or formulating a strategy with incorrect data can lead to missed cost savings opportunities, or worse, execution of a resource-intensive project with results that cannot be implemented. To get your m...

By Jennifer Engel

Posted in Guest Posts on 12 June 2018

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

Report Rundown Current Business Conditions were at 56.4 in May, down from 64.3 in April. The Six-Month Outlook rose to a four-month high of 66.9 in May, up from 58.4 in April. The six-month outlook has been a reliable short-run guide for current business conditions over time. Employment, a seasonally adjusted index, stayed just above the breakeven point by coming in at 50.2 in May, down fr...

By Kelly Barner

Posted in Procurement on 04 June 2018

Confronting Mr. Drucker: Are you getting what you need from your metrics?

Peter Drucker, the founder of modern management, has famously been quoted as saying that “you can can’t manage what you can’t measure”, and that is true. But it is not an exclusive truth. Here are a few other statements that are equally true: Just because you can measure something doesn’t mean it is important. Just because you can measure something doesn’t mean it is the right place to foc...

By Kelly Barner

Posted in Events on 17 May 2018

Twitter @BuyersMeetPoint

Is your #procurement team exploring DaaS: Device As A Service? Read this new guest post by @GEP_Worldwide David S.… https://t.co/eFPYqllAeF

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#Procurement transformations that fail to assess and address internal friction cannot possibly succeed in the long-… https://t.co/MA9Y0BQGlz

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RT @KPAcctFinance: Check out what Kelly Barner @BuyersMeetPoint had to say about Fundamentals of Risk Management 5th Edition by Paul Hopkin…

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Written by Kelly Barner.

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Buyers Meeting Point is owned, managed and edited by career procurement professional Kelly Barner. In addition to providing the industry with events coverage, book reviews, podcasts, and a vibrant social media network, Kelly is one of the most prolific writers in procurement and supply chain. Her work is featured on a number of industry blogs and she is regularly asked to write and contribute to thought leading white papers. Click here to learn more about or connect with Kelly.

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