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Buyers Meeting Point is home to two blogs: The Point is written by BMP's Kelly Barner and a diverse group of guest contributors. MyPurchasingCenter was acquired by BMP in 2020 we now showcase their content archive on BMP.

Case Study: Chrysler Purchasing Changes the Supplier Diversity Landscape

Back in 2012, Chrysler Group allowed a modest-sized company to manage all of the chemicals and related supplies on a trial basis for one of its North American assembly plants. Like any Chrysler supplier, ChemicoMays had to prove itself on cost, quality and its capacity to deliver.

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Recommended Procurement Webinars August 17-21: Digitizing the Supply Chain, Document Understanding, and CSR Sourcing Strategies

I get a lot of questions about what events I list in the BMP calendar and how I decide what to recommend. I have always believed that the calendar needed to be an industry resource, not a revenue source. BMP receives no money for any of the webinar listings, does not guarantee that any events will be recommended in advance, and does not (knowingly) list demo events. If you have any questions about our listing and recommendation policies, feel free to reach out. Similarly, if you have a thought leadership-based webinar that you think the procurement community would like to know about, please send it my way!

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From Buying Cheaper to Spending Smarter

Procurement professionals are instrumental to the success of organizations. They are accountable for innumerable initiatives ranging from solicitation to evaluation of suppliers plus everything that falls in between. Procurement has a significant impact on the organization as a whole – congealing its spot at the management roundtable.

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Recommended Procurement Webinars August 10-14: Contract Analytics and Competing in the Age of AI

It would seem that we are going to have a summer slowdown after all. There weren’t enough events to pick from last week, so I skipped my recommendations post, and there are only a few for this week but they are worthwhile. On the bright side, I already know there will be event recommendations for next week as well.

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Engineered Products as Commodities? It’s Time to Rethink Procurement Metrics

Procurement teams that use the Internet to research highly engineered components and then select a lower-priced alternative product may think they’re doing a good job, especially if they are measured on how well they manage cost. Yet they may unknowingly be putting their companies at risk.

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The July 2020 ISM-New York Report on Business: The Rebound Continues

The July ISM-New York Report on Business was released on August 4th at 9:45am Eastern and is available for download here pdf2020_ISM-New_York_July_ROB_v01.pdf. Please see the end of this commentary for additional information about the ISM-New York Report on Business.

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Pay Procurement and Supply Chain Professionals by Multiple Market Basket Focus Areas

Jack Welch once noted that the only two departments that drive revenue directly to the bottom line are sales and procurement.  He noted that the other departments were basically overhead. I would also include supply chain professionals in this revenue generating group.

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Recommended Webinars July 27-31: Autonomous Procurement, Leadership Time, Managing Risk and Resiliency

As we close out the end of July, webinars are just starting to post for August. If you look at all of this week’s webinars, there is a clear note of defiant optimism with the focus returning to supply resiliency, leadership, and automation over necessary but fatigued coverage of the pandemic. Next week also marks the release of the July ISM-New York Report on Business, so we’ll get another look at how the professional services economy is recovering from the various shutdowns.

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How to Get to Cleverer Purchasing Decisions

Effective and efficient automation of Supply management and Procurement functions can yield fruitful results. Automation facilitates supply management and procurement professionals to make wise decisions through enhanced tools and visibility. It is definitely a reliable substitute for time consuming and costly manual tasks.

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Recommended Procurement Webinars July 20-24: Team Contracting, Insourcing, and Protecting Cash and Revenue

Following is a list of the upcoming webinars that are worth of an hour of your (scarce) time. Some I recommend for the topic, others for the speaker, but all of them will give you something new to think about – and goodness knows, we can all use more good ideas to stand up to the challenges 2020 has handed us.

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How can you be a good negotiator if you have not read the contract?

That’s the question Attorney Mark Grieco asked procurement and supply management professionals attending a member meeting of ISM-Greater Rhode Island at Banneker Industries in North Smithfield.

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Recommended Procurement Webinars July 13-17: Digital Roadtripping, Race in Industry, Post-Pandemic Automation

The events continue to roll in – I added another dozen new events to the calendar this week. In addition to the events listed below, I’ll be making the case that procurement is not the ‘enemy’ when it comes to sourcing projects for IT solutions with MyComplianceOffice.

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Sourcing Connectivity: Managing Wireless Spend

Connectivity is at the core of the modern business. Whether your organization is comprised of one small office with 10 people or a large multinational employing thousands, it is key to find the correct connectivity mix to support your business needs. 

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Recommended Procurement Webinars July 6-10: A Post-COVID World, IT Collaboration, and a Summer Reset

Another week, another 9 new webinars. I think we’re seeing a meaningful shift this week from all-COVID-all-the-time to a longer term look at what’s next, whether that means the economy, changes in how we manage our supply chains, or significant industry restructuring.

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The June ISM-New York Report on Business: Big Changes, Small Changes

The June ISM-New York Report on Business was released on July 2nd at 9:45am Eastern and is available for download here 2020_ISM-New_York_June_ROB_v01.pdf. Please see the end of this commentary for additional information about the ISM-New York Report on Business.

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Invest in Procurement and Employee Training Not High Priced Consultants

Why do organizations continue to use high priced consultants and consulting firms instead of their own talented employees? Before I answer this, I must confess that I am an experienced consultant having worked for both small and large consulting firms.

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The Future of Procurement: Save, Innovate and Outperform

Over the past two decades, procurement has made great strides in transitioning from a transactional, back-office function to a strategic, value-adding organization. However, the hard work is far from over. Procurement has fought to get a seat at the table with c-level executives, but now it’s time for procurement to prove that it deserves that seat and can keep it.

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Recommended Procurement Webinars June 29 – July 3: Redefining Jobs, Quality of Influence, Data Categorization

In addition to the events listed below, this week also marks the release of the ISM-New York Report on Business and other major economic reports. Obviously, we are all watching them closely as they provide yet another month’s worth of insight into the global economy and recovery from the COVID-19 pandemic.

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Can Purchasing Bootstrap and Lead the Transformation of an Organization?

Procurement’s role in an organization touches across many departments, suppliers, countries, and competitors. This situation requires that procurement professionals possess excellent communication skills and the ability to quickly adapt to different cultures, perspectives and crises. 

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Recommended Procurement Webinars June 22-26: Manufacturing Resilience, Supply Chain Fragility, the Metrics that Matter in 2020

The calendar continues to fill up, and this week I added events that are scheduled well into the month of July. There are 12 events taking place this week alone. Unlike other years, when things slowed down more for the July 4th holiday, there will definitely be event recommendations for the week of June 29-July 3. In addition to the events listed below for this week, I’d like to recommend two longer term events:

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