Sparked by risk-management leader Hewlett-Packard’s comment that “the greatest supply risks are the day-to-day operational risks that can detract from shareholder value and performance,” Supply Excellence has been taking a deeper look at how best to gather, manage, and track key supplier profile, capabilities, and performance information.
Today, we begin showcasing companies putting Supplier Information Management […]
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July 23rd, 2007 | Posted in Supply Management, Best Practices, Supplier Management, supply risk, Top 5 Supply Strategies
Today marks the first-year anniversary of Supply Excellence. And what a year it’s been.
China has emerged from the world’s low-cost sourcing hotbed to become a chief competitor for increasingly scarce materials, oil, and parts.
Software as a Service (SaaS) has grown from a temporary salve offered by upstart providers to become a preferred software delivery […]
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May 1st, 2007 | Posted in Contract Management, Supply Management, Best Practices, Spend Analysis, LCCS and trade, Top 5 Supply Strategies
Last week’s post showcased hard-hitting advice from industry veterans from Denali Consulting and Constellation Brands on the pitfalls of supplier performance management. One challenge left off that list: how to build a compelling business case for investing in a supplier performance management program and supporting technologies.
In the Jumpstarting a Supplier Management Program web seminar, Denali […]
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April 18th, 2007 | Posted in Best Practices, Supplier Management, supply risk, Top 5 Supply Strategies
Last week’s preview of Aberdeen Group’s latest benchmark report highlighted the challenges of supplier performance and risk management. It also raised questions about the lack of progress the supply management discipline has made in tackling these issues. One reason for the discipline’s lackluster performance in this area may be we’ve been viewing the supplier management […]
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April 10th, 2007 | Posted in Best Practices, Supplier Management, Top 5 Supply Strategies
Supplier performance management has long been the corporate equivalent of flossing. Everyone knows they should do it. Everyone intends to do it. Many even tell their bosses — and dentists — that they do it. But few actually have a consistent and effective routine for measuring and managing supplier performance.
And, just like failure to floss can result in damaged dentures […]
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April 6th, 2007 | Posted in Supply Management, Supplier Management, supply risk, Top 5 Supply Strategies
Yesterday, I had the pleasure of hosting a panel of some of the greatest minds in the spending analysis arena:
Forrester Research’s Andy Bartels gave an insightful look into his firm’s latest research into spend analysis trends. He also provided helpful scorecards for selecting the right approach and solution provider for your company.
Abbott Laboratories’ Todd Grunert […]
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March 15th, 2007 | Posted in Spend Analysis, Top 5 Supply Strategies
There’s no avoiding it. Spend analysis is a hot topic. Nearly every recent study on the supply management space – from Aberdeen to AMR to Supply Excellence – puts investments in spend analysis solutions atop the list of CPO priorities.
Key drivers for the heightened demand include continued cost pressures, tougher scrutiny for regulatory and operational […]
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March 9th, 2007 | Posted in Best Practices, Spend Analysis, Top 5 Supply Strategies
In a recent contribution to the European Leaders in Procurement (ELP) Magazine Gartner Vice President and Research Fellow Andy Kyte advised supply managers to prioritize and enhance forecasting and planning activities as an antidote to imminent global inflation and supply shortages. Says Andy: “2007 should be the year for planning ahead.”
That’s sage advice. Consumption- or […]
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March 5th, 2007 | Posted in Sourcing, Supply Management, Best Practices, Top 5 Supply Strategies
People love lists. It doesn’t matter what the subject. Lists rule.
Consider the overwhelming response to the Supply Excellence expose on the Top 5 Supply Strategies. Or the spate of recent predictions from the blogger and analyst communities on what 2007 might hold for supply management. Not to mention the countless magazine covers at airport newsstands featuring lists […]
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February 16th, 2007 | Posted in Sourcing, Supply Management, LCCS and trade, supply risk, Top 5 Supply Strategies, supply market dynamics
There’s no doubt about it. The first era of strategic sourcing (and supporting e-enabled sourcing approaches) is over. Most early e-sourcing adopters focused their efforts on transparent online reverse auctions that essentially liposuctioned the fat from supplier profit margins in the most competitive spend categories.
However, the era of low-hanging sourcing opportunities is over. E-sourcing program managers […]
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February 14th, 2007 | Posted in Sourcing, Best Practices, Top 5 Supply Strategies