The recent Supply Excellence exclusive with Norbert Ore, Chair of the Institute for Supply Management’s (ISM) Manufacturing Business Survey Committee, prompted some lively commentary questioning the accuracy and value of economic indicators. The most vocal commentator was Charles Dominick, president and founder of Next Level Purchasing and author of the Purchasing Certification Blog.
I have admired [...]
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A few weeks ago, I wrote a blog about how to go through the process of determining a suitable reverse auction candidate. Jean-Philippe Massin of the blog, Strategic Sourcing | Europe, even added some very good comments. To add to that topic, I wanted to pass along a link from the UK Office [...]
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Yesterday we listed ten characteristics of innovative companies. These were:
Innovative Business Model
Continuous Investment in Innovation
Skillful Blend of Design and Technology
Steady launch of “paradigm shifting” products
Lengthy track record of successful innovation
Institutionalized Capabilities
Ongoing and successful expansion into new areas
Speed
Products that allow “lock-in”
Staying Power
Now we are going [...]
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I found a good article on the IACCM site the other day titled Multi-Tier Sourcing Practices for Commodities Supplier Relationship Management that indicates that effective procurement strategies for increasingly scarce resources are becoming more important than ever as global price volatility and supply risks increase due to the increased demand from emerging countries such [...]
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Yesterday we discussed the results of the Boston Consulting Group’s Innovation 2006 survey and report that determined that not only do 72% of executives consider innovation a top-three strategic priority, but that innovative companies outperform the Global S&P 1200 median by 300 basis points with annualized increased profit margins of 3 percentage points higher.
We [...]
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While at ProcureCon Europe earlier this month, I had the opportunity to lead a track (or in their parlance a “stream”) focused on Organizational Structure and Processes for Effective Procurement. Presenters on this stream included senior supply management executives from Nokia, HH Print, American Express and Navteq. Today, I will share insights into Nokia’s six-year journey to [...]
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“Companies wanting to expand their supplier diversity programs can do so without sacrificing savings, according to a recent report by The Hackett Group.”
This begins an article recently run on CFO.com.
It follows on by stating that, “Using a minority-owned supplier has no effect on a company’s overall performance when it comes to procurement, says [...]
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This summer, Boston Consulting Group released their Innovation 2006 study where they determined that innovation remains a top strategic focus for many companies, with 72% of the 1,070 executives in 63 countries and all major industries ranking it a top-three strategic priority. Furthermore, they demonstrated that innovation does translate into superior long-term stock-market performance: the [...]
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Okay, so it’s not Rocky versus Drago. (Or even Britney versus K-Fed.) But Spend Matters blogmaster Jason Busch and I are teaming up and squaring off to highlight and debate spend and supply management strategies on an iPod (or Zune) near you.
SupplyNow, a new montly podcast series from Spend Matters and Supply Excellence, tackles today’s [...]
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In a recent issue of APICS Magazine you will find The Road to Innovation (registration required) which consists of an interview with Elbert “Burt” Rutan, president of Scaled Composites LLC and a leading innovator in aviation, whose accomplishments include the production of Voyager – the first airplane to fly nonstop around the world without refueling [...]
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