Two weeks ago, not being able to imagine what it would be like to be out of content, I culled a top 15 list of ideas of what to do from my fellow bloggers. But they weren’t very entertaining, so last week I outlined ten great ideas that you could use to entertain your [...]
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January 31st, 2009 | Posted in Lyrics, Miscellaneous, humour
Last August, I introduced you to B2B 3.0, which promises simplicity for all, in the inaugural Sourcing Innovation Illumination that also explained how B2B 3.0 was the first technology to enable true B2B e-Commerce which consists of simple, fast, low-cost transactions at true market prices. Then, in the follow up Illumination, I explained how B2B [...]
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January 30th, 2009 | Posted in B2B 3.0, Technology
Industries asking for a piece of the economic stimulus package are frantically making their case to Congress, the President, the media and the general public. And although the package still has to go to the Senate for them to modify, the largess in the bill passed by the House of Representatives Wednesday will likely dole [...]
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January 30th, 2009 | Posted in Best Practices, LCCS and trade, Sourcing, Supplier Management, Supply Management, Top 5 Sourcing Opps, Top 5 Supply Strategies, buyer's market, commodities, metals, recession, steel, supply market dynamics
Last week, CFO magazine had a great article – How to Slash Your Credit Exposure – that discussed reducing the risk to your company brought on by the credit crunch. According to CFO, this predicament is due to:
Until recently, when debt became more expensive and harder to come by, companies generally had a blasé attitude [...]
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January 29th, 2009 | Posted in Best Practices, Procurement, Supplier Management, Supply Management, recession, supply chain finance, supply market dynamics, supply risk
In Part I we discussed the starting point of your outsourcing project and how you go about selecting service providers to issue RFPs to. In Part II we discussed proposal evaluation and in Part III we discussed the dispute resolution process that needs to be addressed up-front in the contract. Then in Part IV [...]
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January 28th, 2009 | Posted in Outsourcing, Risk Management, Supplier Management
Earlier this week, the Wall Street Journal reported on the arrival of new mega-container ships and the impact this is having on a market that already suffers from overcapacity. The gargantuan new vessels were ordered by shipping companies 3 years ago, when they were charging significantly higher prices and turning away business due since they [...]
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January 28th, 2009 | Posted in Best Practices, LCCS and trade, Sourcing, Supply Management, Top 5 Sourcing Opps, buyer's market, commodities, recession, supply market dynamics, transport
As my fellow blogger astutely pointed out last week in what is by far the best rant he’s ever penned, supply and spend management companies are approaching the recession in one of two ways. The minority camp is taking the correct approach and aggressively ramping their marketing, human capital acquisition, and new product development [...]
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January 27th, 2009 | Posted in Blogologue, Miscellaneous, rants
In Part I we discussed the starting point of your outsourcing project and how you go about selecting service providers to issue RFPs to. In Part II we discussed proposal evaluation and in Part III we discussed the dispute resolution process that needs to be addressed up-front in the contract. Today we will discuss [...]
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January 27th, 2009 | Posted in Outsourcing, Risk Management, Services
If you are hoping that the TARP (Troubled Asset Relief Program) funds will thaw the frozen credit markets for your supply chain anytime soon, be careful that you do not fall into one of the classic blunders. The first, is never get into a land war in Asia (tip o’ the hat to you [...]
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January 27th, 2009 | Posted in Best Practices, Financial Value Chain, Procurement, Supplier Management, Supply Management, process efficiency, recession, supply chain finance, supply market dynamics, supply risk
Not only can you increase your chances of success in 2009 in 20 minutes a day (see parts I and II), but you can also increase your credibility as well. As a recent article in e-Side Supply Management that outlines 10 Credibility-Building Tactics points out, it doesn’t take much to undermine your credibility in [...]
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January 26th, 2009 | Posted in Miscellaneous, Problem Solving