The Future of Procurement is SRM

Author: Joe Payne, SVP Source-to-Pay at Corcentric Editor’s note: This article is part of the MyPurchasingCenter content archive. It was originally published in 2015 and appears here with minor t...
Continue reading
  972 Hits

Five Questions to Ask in Building Successful OEM Collaboration

Companies spend millions developing and implementing new technology and processes to enable more effective MRO supply chain management practices. The goal is to better manage the flow of spare parts w...
Continue reading
  1115 Hits

Feb 1-5: The Green Commercial Imperative and IT Budget Optimization

After last week’s deluge of supply chain disruption-focused events, this week is both quieter and more varied. That will give you plenty of time to read the ISM-New York Report on Business commentary ...
Continue reading
  2211 Hits

Procurement Is Not Your Enemy

This content was published on the MyComplianceOffice blog on June 30, 2020 “Most corporate purchasing is slow, opaque, and downright onerous—fueled by a broader objective to control spending.” A....
Continue reading
  581 Hits

Recommended Webinars May 25-29: Collaborate to Win, Manufacturing Resilience, and Virtual Procurement

If you are outside of the U.S., just a quick reminder that Monday is Memorial Day, a Federal holiday and the unofficial start to summer. Most people are still marking the day in some fashion, but I suspect that very few will be taking to the roads, so the week should be relatively business-as-usual starting on Tuesday.

If you are planning your schedule further ahead, I recommend “How BNY Mellon is Building a Value-driven Procurement Organization” on June 2nd from IACCM, BNY Mellon, and SirionLabs.

Continue reading
  2282 Hits

Procurement and supply chain during a crisis: Stronger together

This content was published on the Fairmarkit blog on April 20, 2020 If there is one thing you get used to when you work in procurement, it is that no one outside of the field has any idea what we do f...
Continue reading
  1111 Hits

Recommended Webinars January 13-17: 2020 Contracts, Successful Supplier Collaboration and AI for Inventory Management

Happy new year everyone! We’re officially back after a holiday break that was far busier than I would have expected. Not only are there quite a few events listed for January, I’ve already been adding events to February.

If you are planning your webinar schedule further ahead, I recommend ‘Managing Risk in the Next Decade’from riskmethods’ General Manager of North America Bill DeMartino on January 21st.

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
  2400 Hits

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.

Continue reading
  4137 Hits

Recommended Procurement Webinars for May 8 - 12: Collaboration, Contract Risk, Fast-tracked Supply Chain Risk Management

This week, ProcureCon Travel is taking place in Henderson, NV Sunday through Tuesday. May is quickly filling up and this week I started adding events in June. Take a quick look and register for an upcoming event or two. 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.

Continue reading
  4281 Hits

Recommended Procurement Webinars for April 24 - 28: Procurement Finance 'Drama' Plus Millennials

It is spring, and there’s something in the air… it’s not quite romance, but there will be plenty of drama with two examinations of the procurement finance relationship on Wednesday. If you’re looking for an alternate subject, consider the role of millennials in supply chain or sourcing optimization. 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.

Continue reading
  4474 Hits

Recommended Procurement Webinars for April 17 - 21: CSI, Agility, and RPA

Procurement is a function with ever-increasing scope and potential for impact. As this week’s recommended events suggest, we can address the entire P2P process, unite the past and future through forensic examination of contracts, and push the boundaries of automation. 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.

Continue reading
  4505 Hits

The Great North/South Divide

The principle of a North/South divide has been around for as long as mankind has organized itself into societies. It is a term often used within politics to define the ‘North of the country from the South’. It doesn’t matter if you are referening to the USA, UK, or India, the statement is still applicable. It works on the principle things may be considered different between two groups, thereby creating a barrier to collaboration.

The key to the model is achieving the right perspective. For example, we may embrace a North/South divide within our countries yet still passionate about being part of the same country. Overcoming the divide requires a common agenda, one that everyone can get behind regardless of which side of the divide they are from.

 

Continue reading
  4409 Hits

Best Procurement and Supply Chain Webinars 7/11 - 15

And… we’re back! After a week (mostly) without events due to the holiday weekend, we once again have a slate of webinars to recommend. 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
  3946 Hits

Are Suppliers Faceless Entities?

The term supplier is banded around with such ease, yet has it devalued the relationship and removed the individual, resulting in generic and stale business relationships? The supplier The associated b...
Continue reading
  5073 Hits

Best Procurement and Supply Chain Webinars 5/2 - 6

This week’s recommendations are all focused on the very latest in procurement technology, and – more importantly – what it allows the organization to accomplish. 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
  3830 Hits

The Contract as Catalyst for Cultural Change in Procurement

Scenario 1: The supplier contacts you in writing to state they have submitted the wrong pricing in the bid…what is your first response?

 - Tough luck you submitted it

 - That’s typical of suppliers, always trying to trick you

  - Expect the price is going to increase

 - Interested to see if they are submitting a lower price

Scenario 2: The supplier approaches you and states they think they have a solution to deliver the contract more efficiently...what is your first feeling?

 - They are looking to upsell

  - I don’t believe them

  - They are trying to make me look bad

  - Want to discuss in a supportive and engaging manner

Scenario 3: The business reduces its requirements 2% in the contract and understandably do not want to pay for what is not required. Do you;

 - Tell the supplier to “suck it up” and not re-negotiate the contract

 - Re-negotiate the contract to ensure they are fairly compensated

 

Unfortunately we all know the responses because it is an attitude that is the default towards suppliers; confrontation & mistrust. For many within procurement it is a justified attitude because in the past any leniency has been abused by suppliers.

Continue reading
  4638 Hits

Best Procurement and Supply Chain Webinars 2/15 - 19

This week starts multiple weeks of ProcureCon events – in Toronto this week and in Orlando the week after that. Follow @ProcureCon on Twitter if you’re interested in the goings on. From a virtual standpoint, there are two worthwhile events taking place – see why I think so 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
  4170 Hits

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
  4277 Hits

Best Procurement and Supply Chain Webinars 9/21–25: Pushing the Envelope to Elevate Results

This week, each of my picks is pushing a boundary in some way – whether through more advanced approaches to risk, the collaborative frontier, or… well… running an ultramarathon to prepare for better category management. Click on the title of each event below to view the full description in the events calendar and to connect to their registration pages.

Continue reading
  4487 Hits

The Suzuki Volkswagen ‘Divorce’ – What Not to Do or a Case Against Partnerships Altogether?

Suzuki and Volkswagen have finally completed their ‘divorce’ or the breakup of their 2009 partnership that was supposed to bring market, manufacturing, and technical expertise together for the benefit of both parties. This true story sadly illustrates the dark side of collaborative business relationships – and that is the fallout for all parties if and when they fail.

For my podcast on the topic, including guest audio on the story from Reuters, visit Blog Talk Radio or Sound Cloud.

As sad as the state of the relations between these two companies is today, the partnership started with high expectations on both sides. In 2010, VW purchased a 20% stake in Suzuki, worth approximately $2B US, indicating that this deal was no informal initiative.

Unfortunately, it also started with ulterior – or at least secondary motives – that may have doomed the effort from the outset.

Continue reading
  5892 Hits

© Buyers Meeting Point. All rights reserved.