Supplier Management

How Supplier Diversity is Working in the Real World

Posted: 07/10/2019 - 01:21
Supplier diversity has been an important topic on the corporate agenda for most of the past five decades. Formal supplier diversity programs began in the 1960s in response to government programs that were designed to expand economic opportunities for minority-owned businesses. Today, “diverse suppliers” encompass several additional types of business organizations, including:
 
  • Woman-owned business enterprises

Cognitive Procurement is Trending and Cognitive Outsourcing is Up Next

Posted: 05/25/2019 - 01:29

There has been a lot of buzz about “cognitive procurement,” the application of artificial intelligence (AI) to support buying goods and services to free up humans to handle valuable procurement functions that AI cannot manage.

The same advanced technologies that are making procurement smarter, more efficient and more data-driven, can be used to make outsourcing relationships leaner, more profitable and more advantageous. 

Human Ecosystems: How to Achieve Breakthrough Performance in Partner Management

Posted: 05/17/2019 - 22:04
I recently met with a senior supply chain leader who, fresh off a redeye flight from Asia, faced a day of meetings that he barely participated in because of interruptions. Not a meeting went by without a call about a supplier “meltdown” in the region he’d just left.  This situation was all too familiar to him. “I’m just tired,” he told me. 
 

Why Standard Contract Terms Can be Bad for You?

Posted: 04/18/2019 - 01:58

If your company is like most, it promotes “boilerplate” contracts or at a minimum, pushes for standardized terms, such as the contract length, warranties, a 30-day termination of convenience clause or 90-day payment terms. While this may make your lawyer and CFO happy, Russell Korobkin suggests that using standard contract clauses is a bad idea. 

How Supply Chains Should Adapt to the Trade War “Truce”

Posted: 01/16/2019 - 04:04
On December 1, leaders from China and the U.S. broke bread with their enemies and reached consensus to halt the mutual increase of further tariffs until March 1, 2019. As of now, the total U.S. tariffs applied exclusively to China is at $250 billion, and China answered back with $110 billion worth of tariffs on U.S. goods. The “truce” has prevented the January 1 deadline for most tariffs to increase from the current 10 percent to the established 25 percent. 
 

Re-engineering a Corporate Real Estate Service Organization: Strategic Sourcing

Posted: 10/06/2018 - 00:38
In Part I: Operational Review, the team identified what needed to be done and determined the optimal delivery model. In Part II: Strategic Sourcing, we will examine the strategic sourcing process, including: 
 
  1. Supplier Pre-Qualification
  2. Bid Strategy
  3. Request for Proposal/Solution/Partner Development

Award-Winning Sustainable Procurement: What Makes an Effective Program

Posted: 08/30/2018 - 00:00

Sustainability is a dominant topic in media, business and social conversations today, and one that communications and corporate responsibility departments in major multinational organizations have been eager to pursue. It makes sense—successful sustainability programs are not only good for our planet and people, but also are proven to drive business value. But what does 'success' look like for procurement teams contributing to organizational programs and results?  

Six indicators of a strong sustainable procurement program

How retailers can drive sustainable savings through strategic sourcing

Posted: 04/11/2017 - 23:42

Growing economic uncertainty has seen many businesses look to procurement for a means to increase savings and ultimately drive growth. This is especially true in the retail industry where common issues include mounting costs, struggling suppliers, increased competition and expanding supply chains. On top of this, savings must be achieved without affecting the quality of the end product or customer experience.

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