Today, IBM releases the results of its Global Chief Supply Chain Officer Study, The Smarter Supply Chain of the Future. This report summarizes the findings of an in-depth study that questioned 400 Senior Supply Chain professionals in 29 industries across 25 countries to determine the key challenges facing supply chain executives today. The [...]
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February 24th, 2009 | Posted in Supply Chain, Technology
Chuck the Checklist Although I understand the temptation to line up competing products side-by-side so that you can compare features, as most business analysts will tell you that you should compare “apples-to-apples” and “oranges-to-oranges” and follow the common practice of the trade rags which publish page after page of tinted paper that “goes deep” on [...]
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February 24th, 2009 | Posted in Best Practices, Negotiations, Technology
Last Friday Justin Fogarty and Jim Frankola, former CFO of Ariba, did a good job describing the TARP waiting game most auto suppliers are forced to play right now. This is a new and frustrating position for these companies. The industry was built and still thrives on action and innovation. Cars and trucks today [...]
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February 24th, 2009 | Posted in Best Practices, Procurement, Sourcing, Supplier Management, Supply Management, automotive sector, buyer's market, recession, regulations, supply market dynamics, supply risk
The recently redesigned Sourcing Innovation Resource Site, always immediately accessible from the link under the “Free Resources” section of the sidebar, continues to add new content on a weekly, and often daily, basis. Unlike many “resource”, “best of”, or “portal sites” that are abandoned almost as quickly as they are thrown together, the resource [...]
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February 23rd, 2009 | Posted in Market Intelligence, Miscellaneous
Don’t Get Blind-Sided by IT How many times has this happened to you. You identify a new software program that will make your life easier and deliver ROI to your department, but just before you sign the deal, IT steps in, in a very public way, and says “we already have a product that [...]
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February 23rd, 2009 | Posted in Best Practices, Negotiations, Technology
Purchasing Magazine’s recent advice that procurement market and sell its usefulness to internal stakeholders got me thinking: what are spend management organizations doing to serve their internal customers? And how are they measuring success?
When I first posed this question to two CPOs a while back, their answer was blunt: “When I talk with my CFO, [...]
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February 23rd, 2009 | Posted in Best Practices, KPIs, Procurement, Skills Rectruitment and Development, Sourcing, Supply Management, metrics
One of the presentations at the 6th Annual International Symposium on Supply Chain Management was a presentation by Bob Engel of Resources Global Professionals that summarized his 10 Fundamental Strategies for Exceeding in Supply Management. Although you’ve probably encountered all of these strategies before on this blog, they are worth repeating. They are: [...]
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February 22nd, 2009 | Posted in Best Practices, Corporate, Supply Chain
From the Fail Blog. Reliable Trucking Fail Bridge Clearence Fail Delivery Fail …
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February 21st, 2009 | Posted in Logistics, humour
The Strategic Sourceror was first to the plate with a trio of home-run anti-trends for 2009. Strategic Sourcing Outsourcing Finally Gets a Good Rap The Sourceror notes that even though the list of anti-outsourced strategic sourcing excuses (just like the list of excuses for why we don’t need no consultants) [...]
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February 20th, 2009 | Posted in Anti-Trends, Outsourcing, Services, Technology
Jim Tompkins (of Tompkins Associates), who gave one of the best presentations I’ve ever attended at last year’s SCL Conference on Creating a Resilient Supply Chain when he said that his top three tips to bold leadership success were: Don’t Do Anything Stupid, Focus, and Kill the Left [...]
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February 20th, 2009 | Posted in Best Practices, Strategy