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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.

Recommended Webinars February 3-7: Talent Management, Purposeful Procurement and the Future of Spend Management

In addition to the webinars listed below, this is the first week of the month – meaning all of the economic reports come out. The ISM Manufacturing Report on Business comes out today, followed by the Non-Manufacturing Report on Business on Wednesday. ISM-New York’s Report on Business is in between on Tuesday, and the Bureau of Labor Statistics (BLS) monthly jobs report will be out on Friday. 

If you are planning your webinar schedule further ahead, I recommend Supply Chain Now’s Interactive Global Forum on March 25th at 3pm ET. They are holding an open-door session to discuss the key trends and developments taking place across the global end-to-end supply chain community.

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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Economic Update: The Q4 2019 Freight Payment Index

If you’ve been a long time follower and reader of the Buyers Meeting Point blog, you know that economics is a key part of the coverage we provide. As the Business Survey Chair for the ISM-New York Report on Business, I have the responsibility for taking the monthly surveys completed by purchasing managers in the New York Metro area and interpreting them, looking for insights and trends on demand for professional services. This report, along with the other regional and the national ISM manufacturing and non-manufacturing reports, are often based on data collected for one purpose and then leveraged for another.

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Recommended Webinars January 27-31: Digital Transformation for Procurement in the Real World

One commonality that I’ve noticed in webinars, blog posts and discussions recently is that digital transformation is getting REAL this year. No more nonsense. We’re over the hype, past the buzz and bored by the generalized razzle dazzle (jazz hands!). Expect to see more of this in 2020… as procurement gets smarter, service and solution providers will have to overcome our skepticism and critical thinking, focusing on the reality of digital transformation and the hard work required to make it successful.

If you are planning your webinar schedule further ahead, I recommend ‘Supporting C-Level Digital Initiatives with Business Spend Management’ from Coupa and Mickey North Rizza, IDC’s Vice President of Enterprise Applications Research.

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 January 20-24: Stakeholder Engagement, Managing Risk in the 2020s and Career Progression

In addition to the virtual events listed below, I added a big ‘IRL’ event to the calendar this week. The Atlanta Supply Chain Awards are being hosted in part by our friends at the Supply Chain Now podcast. They are now taking registrations as well as nominations for multiple award categories. Click here to learn more.

If you are planning your webinar schedule further ahead, I recommend ‘Trends and Innovations in Print’ from Sarah Scudder and the team at Procurement Foundry on February 5th 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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Providing Real Value in Data Analysis

Data analysis has an image problem. Despite the fact that data collection is priority one, regardless of how common “big data” buzzwords have gotten, and setting aside all the calls for data-centric decision making… The boots on the ground, those of us who manage this analysis daily, have a problem.

Too many analysts are viewed as tactical cogs in a machine. We aren’t brought in to own and manage projects. We aren’t consulted on big ticket company objectives beyond the reports we’re asked to push out. Why? Because we aren’t doing enough to show value. 

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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.

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The December ISM-New York Report on Business: Happy new year?

The December ISM-New York Report on Business was released on January 3rd at 9:45am Eastern and is available for download here. Please see the end of this commentary for additional information about the ISM-New York Report on Business.

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Book Review: Integrating Blockchain into Supply Chain Management

The advent of new technologies – most notably blockchain – has the potential to radically transform how transactions are recorded, stored and used throughout supply networks. The result: a transparent supply chain that, if the hype holds true, will usher in unprecedented levels of visibility, accountability, efficiencies, collaboration and trust.

 - Remko Van Hoek et. al., p. 1

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Let there be peace on earth...

…and let it begin with me.

I don’t know if you’ve seen (or remember) the Christmas commercial Microsoft made a few years ago. I get chills every single time I watch it. I’ll put the YouTube version below (click through to watch it on YouTube) – it is well worth 2 minutes of your time and MUST be watched with audio to get the full effect. Make sure you continue watching until the very end or you’ll miss the best part.

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An Introduction to SOW Management, Part 2

In part 1 of this series, we explained SOW management and described the common challenges currently face with it. In this post, we will describe the benefits of outsourcing SOW management to the organization as a whole and to the many individual stakeholder groups.

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Recommended Webinars December 16-20: Reimagining Procurement, Human Transformation and Self Sourced Talent

Well, believe it or not, this is the final set of weekly webinar recommendations of 2019. We listed 239 webinars on the calendar, which – if there would be 1 per day – would cover 65% of the days of the year, and 92% of the weekdays. As of right now, I believe my first recommendations of 2020 will be released on Monday, January 13th

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Low Hanging Fruit & The Snowball Effect in Digital Procurement Transformations

Talk to any procurement leader in an international company and you’ll hear some common issues being raised. The lure of technology (especially big data and AI) and dangled carrots of opportunity to digitally transform the whole procurement function are all great but hard facts are getting in the way.

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Recommended Webinars December 9-13: Talent Crisis, Digital-Led Transformation and Workforce in the Age of Automation

This is an incredibly busy week – 10 webinars in four days. Looks like 2019 is going to go out with a bang! So put on your cozy socks and dig out your mug Snuggie (see how I did that, tying everything into the image above?) and settle in for a webinar by a warm fire.

The first 2020 events are starting to go up as well, so don’t hesitate to keep an eye on January. Speaking of which, if you are planning your webinar schedule beyond this week, I recommend “The dos and don’ts of stakeholder engagement & collaboration” from Proactis and Peter Smith 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.

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An Introduction to SOW Management, Part 1

Billions of dollars are spent annually on Statement of Work (SOW) projects. Yet, despite this considerable financial investment, many organizations are attempting to manage this area through overburdened internal resources and/or ill-fitting ERP, SMS or HRM systems – if they’re capturing the details of SOW spend at all. 

As a result, many stakeholders and influencers across the contingent workforce management ecosystem are faced with the daunting challenge of not only trying to centralize SOW management, but also to capitalize on benefits such as enhanced visibility and reporting, risk mitigation, rate benchmarking, improved cost control, etc. 

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The November ISM-New York Report on Business: Continued Small, Steady Moves

The November ISM-New York Report on Business was released on December 3rd at 9:45am Eastern and is available for download here. Please see the end of this commentary for additional information about the ISM-New York Report on Business.

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Recommended Webinars December 2-6: The Business of Trust and the Psychology of Change

Procurement isn’t leaving anything on the table as we wind down the year. I added 8 new webinars to the calendar this week and all of them take place between now and the third week of December. If you’re planning your webinar schedule a little further out, I recommend “5 Key Procurement Trends to Embrace in 2020” on December 11th at 5am ET (10am GMT) from riskmethods and Sievo.

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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Plenty to be Grateful For

I love my job. And it is a good thing, because this is the kind of job where you don’t really get to have hobbies (unless laundry counts as a hobby).

As my kids are getting older, they’re asking more detailed questions about the things they hear and see on tv. This past weekend, one of them asked me what “layoffs” are. After I explained, they wanted to know if my husband or I had ever been laid off. They were SHOCKED to learn that I was laid off once… almost… and that it led to my career in procurement. My daughter’s reaction captured it all, “Procurement? You love procurement! That’s AMAZING!”

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Book Review: Leadership by Storytelling

Leadership by Storytelling: The Best Way to Learn Good Leadership Skills, by Dr. Tom DePaoli, is the latest in a long line of books that are firmly based in reality and provide advice that is easy to put into practice. I’ve read and reviewed many of Dr. Toms’ books and you won’t find the same kind of time-tested, easy to read books from many other authors in our field. If you find yourself thinking that most procurement books seem too academic, he may just be your new favorite author.

In this latest book, Dr. Tom focuses on the importance of developing leadership skills by leveraging storytelling, a practice he employs in the book. He shares many of the best leadership experiences from his career and clearly points out the lesson to be learned from each one.

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Recommended Webinars November 18-22: Procurement Vision, Digital Readiness and Next Level Contract Management

The pace of the year will really pick up from here… I won’t have any recommendations next week because of the Thanksgiving holiday in the US, and then there are just three weeks of events left in the year. December is starting to fill in, so take a look ahead – there are some great events up already.

In particular, I recommend “The Psychology of Change” being hosted by The Myers-Briggs organization on December 5th. While it isn’t specifically for a procurement audience, it is a great opportunity to think about change management from a group and individual personality perspective.

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 November 11-15: CRM for Procurement, Operational P2P and a Direct Mail Renaissance

In addition to this week’s webinar recommendations, the Supply Chain Next conference is taking place in Chicago, IL on Monday and Tuesday. If you are looking for a longer term webinar recommendation, I suggest Planning for 2020: Executive Outlook from Supply & Demand Chain Executive and BSI on December 10th.

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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