Recommended Procurement Webinars Sept 28 – Oct 2: Driving Risk Culture and Building Resilience to Catastrophe

As another month comes to an end, we can expect the schedule of events to pick up. There are 8 webinars and 1 virtual event taking place this week, including our next AOP Live session on Tuesday, feat...
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Re-establishing the Enterprise’s Risk Appetite

This content was published on the ATSC Blog on July 27, 2020 Since risk is a reality in business, and ‘certainty’ is an extremely expensive proposition, an enterprise’s appetite for risk has always be...
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The February ISM-New York Report on Business: Short Term Upturn

The February ISM-New York Report on Business was released on March 3rd at 9:45am Eastern and is available for download here. Please see the end of this commentary for additional information about the ...pdf
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Is the industrialized world overly dependent on sourcing from the Chinese?

This content was posted on the ATSC blog on February 24, 2020 Acute awareness of China’s impact on global business has been front and center since the onset of the Coronavirus health emergency in late...
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Recommended Webinars Nov 26-30: Instant Impact S2P and The Issue of Trust

This week, Procurement Leaders’ Data, Intelligence, and Technology Forum is taking place in London on Tuesday and Wednesday. If you are planning your webinar schedule beyond this week, I recommend ‘Achieving Agility in Procurement Operations: Beam’s Transformation Journey’ from ISM, Scout RFP, and Beam Suntory on December 11th.

A quick note as the end of the year approaches: I’m watching the event listings for December, and as of right now it looks like December 10-14 will be the last week of the year. If the week after fills in, I’m game, but if it doesn’t, I’ll stop my event recommendations posts on December 17th and pick up again on January 7th.

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: Third Party Risk Management

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

“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 decisi...
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Recommended Webinars June 4-8: 3rd Party Financial Risk, Real World RPA, Transforming Supplier Management

And… we’re back! After a 1 webinar week last week – likely due to the Memorial Day holiday in the U.S. – June is already shaping up to be an active month for events. If you like to plan further ahead, I recommend "Building a Best-in-Class Category Management Program: The Newest Trends, Tips and Technologies" on June 12th from SIG and GEP.

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 26 – March 2: Automated Contracts and Supplier Financial Health

This is a sleepy week after last week’s flurry of webinars and conferences. If you are interested in a ‘long shot’ webinar worth considering, I recommend “Artificial Intelligence - Changing the Landscape of Due Diligence and Monitoring” from ISM and LexisNexis on March 8th at 2pm 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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Webinar Recommendations for August 17 - 21, 2015: RPA is Here to Stay, Supply Chain Index Update, Why Due Diligence Matters

This week there are seven webinars being run, and I’ve taken the opportunity to recommend three on topics that are very different from each other while all still providing access to compelling thought leadership. Click on the title of each event below to view the full description in our events calendar and connect to their registration pages.

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3 Reasons Why You Should Consider Dual Sourcing Your Product Or Service

We’ve all heard the saying, “Don’t keep all your eggs in one basket.” Choosing to dual source a category means using two (or more) suppliers to provide identical copies of a product or service. Many c...
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Recent Comments
Guest — Alan Holland
Some excellent points are made in this article. Procurement has long overlooked how critical it is to have dual sourcing. The seco... Read More
Wednesday, 08 April 2015 04:31
Guest — Elizabeth Skipor
Agreed, it is a challenge to find 2 suppliers who can provide identical outputs. It creates a lot of up front work and headache, b... Read More
Wednesday, 08 April 2015 11:30
Guest — KOBUSINGE AIDA
its the reality,so gret n thnx
Thursday, 17 August 2017 06:35
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Why it is Not Worth Preventing Every Disruption in Your Supply Chain

 Supply chains are similar to humans—imperfect. Their successes within business plans are a product of accurately forecasting how to survive crises and minimize damage in high-risk scenarios. Bal...
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Webinar Notes: Risk Management as a Team Sport: Who Are the Players and What's Your Game Plan?

This week’s webinar notes are from a July 31st event hosted by ISM and presented by LexisNexis. The event is available on demand on ISM’s site. If you are interested in more on the topic, LexisNexis has made available a white paper and accompanying infographic titled “Leveraging Market Intelligence to Better Manage Supply Chain Risk.

The presenter, Eric Walsworth, LexisNexis’ Director of Supply Management, illustrated each of his points about risk management by drawing comparisons to the 2014 World Cup in Brazil. I won’t embarrass myself by trying to recreate any of that – if you’re interested in the soccer angle you’ll have to watch the webinar on demand.

Walsworth took a need – risk management - that is overwhelming for many procurement teams and broke it down into very clear phases and efforts. Although each of these elements is important to a supply risk management effort, they must all work together in order to be effective. Additionally, although the following seem to be a linear process, they must all be executed in parallel.

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Book Review: Supply Chain Risk

 Supply Chain Risk, by John Manners-Bell, provides a structured look at risk by establishing a series of intersecting dimensions. First the author outlines external risk categories: Environmental...
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Webinar Notes: Improving Supplier Risk Management in the Age of Big Data

“Risk management is not a purchasing initiative. It’s an initiative and philosophy that has to be embraced by the entire organization.”

-- Rose Kelly-Falls Senior VP Supply Chain Risk, Rapid Ratings and event panelist

This week’s webinar notes are from a February 13th webinar hosted by IASTA and featuring a panel of speakers. An on demand version of the event is available on their website.

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Webinar Notes: Supply Chain Risk Mitigation

This week’s featured webinar notes are from an event hosted on Thursday by Supply and Demand Chain Executive, “Supply Chain Risk Mitigation: Minimizing Exposure To Supplier Failure, Volatile Commodity Prices, And Manufacturing Disruption’.

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Force Majeure, Hardship, Impossibility, Hell or High Water, Act of God or all of the above?

Last week I attended an excellent supply chain risk management webinar sponsored by the Next Level Purchasing Association and featuring a global supply chain manager from a Fortune 500 company. The event followed the story of this particular corporate supply chain through the 2010 tsunami in Japan (you can click here for my notes).

One of the lessons this particular company learned was about finding the right place for addressing the human side of a very complicated business issue. I was impressed with the efforts they had made, particularly for such a large company. A thought started to form in my mind: what contract clauses were put aside in order to have an appropriate response to the devastation while not creating serious business continuity issues?

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Recent Comments
Guest
Liked the article and agree with most of the points although some were more political risk management than supply chain management... Read More
Wednesday, 07 September 2011 11:25
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Weekend Extra: BMP’s Webinar Notes on 'A Case Study for Proactive Supply Chain Management' by Next Level Purchasing

Before I even begin my notes, let me just point out that if you are not a member of the Next Level Purchasing Association, you are missing out. Next Level Purchasing offers the SPSM (Senior Professional in Supply Management) certification program. Joining the association is absolutely free and comes with a number of benefits, such as members-only webinars, newsletters, and networking opportunities. If you want to get your feet wet with the kind of programs they offer, there are several mini-courses they offer, completely online and for less than $20! Interested? Good for you! Click here to learn more by clicking on the NLP logo on our partner page. That way Buyers Meeting Point gets credit for your purchase and a portion of the proceeds go to charity.

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What Dr. W. Edwards Deming Can Still Teach Us Today

This week's Wiki-Wednesday topic is an excerpt from th Wikipedi page on Dr. W. Edwards Deming, the American statistician that taught post WWII Japan to manage quality, but wasn't discovered in the U.S. until the very end of his career. Not many business strategies would survive that kind of test of time, but his does.

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