|
|
Like this article? PLEASE +1 it! |  |
|
procurement strategy Tagged Articles
|
What’s In A Name? Everything! (Canadian Institute for Procurement and Materiel Management Profile)
| |
| Moving out of the shadows of adjunct functionality within the modern enterprise to a position of operational prominence and relevancy, at no other time has purchasing been viewed in the light of its own merits and overall impact on the individual organization and society as a whole. |
|
|
When responding to RFI/RFQ requests what's the biggest obstruction a supply chain project manager can face?
| |
| Network Member Question
When responding to RFI/RFQ requests what's the biggest obstruction a supply chain project manager can face?
Thom Spencer
Recruitment & Human Resources Consultant and Contractor
Wakefield, UK |
|
|
How not to abandon your e-procurement initiative
| |
| MARK HENRICKS' ARTICLE "Flaw and Order" (Entrepreneur Magazine, September 2004) referenced a behavioral economics study that identified the eight hidden strategy flaws frequently championed by corporate decisionmakers. The sunk-cost effect - based on the premise of throwing good money after bad - and the herding instinct are the two that seem to relate specifically to the challenges associated with e-procurement initiatives. |
|
|
Technology's Diminishing Role in an Emerging Process-Driven World (Part 1)
| |
| Organizations that already have a technology driven program in place or have just recently implemented one still surprise me with their significant interest in the dramatic changes in procurement methodologies and practices. But rather than focusing learning on new and emerging technologies, today's procurement professionals seek insights into the actual processes that drive their enterprises. The impetus behind this change is largely the result of the fallout from the consistently high level of e-procurement initiative failures. Industry studies for the period 2001-2005 indicate 75-85 percent of all programs fail to achieve the promised results. |
|
|
Dangerous Supply Chain Myths (Part 5)
| |
| Segment 5 – Talent Attraction & Retention: An Exercise in Platitudes?
Talent Attraction & Retention
A supply chain is not an abstract network driven by processes and machines, but a real network driven by people. Good supply chains run on good people. Supply Chain Success will be impossible without the right talent, which is becoming rarer every day thanks to the global talent war. Any organization that does not have a good process in place to identify necessary skills, evaluate organizational gaps, and identify, recruit, develop, and maintain talent is doomed to become a second class citizen in the emerging international marketplace.
|
|
|
Dangerous Supply Chain Myths (Part 2)
| |
| Segment 2 - Supplier Development and Management: The Fruit of a Poisonous Tree?
Supplier Development and Management
Effective supplier development and management should deliver a competitive advantage in cost, quality, delivery/responsiveness, technology, and innovation achieved. |
|
Other procurement strategy Related Articles
|
Public Sector Procurement and the Wal-Mart Effect
| |
| In Part 4 of my Changing Face of Procurement conference series titled Winning Strategies for Vendor Engagement I ask attendees the question; “is your current e-procurement initiative a threat or a benefit to your supply base?”
While the answer is of course important, what is of greater significance is whether or not your organization has even considered the impact its current strategy is having on these important external stakeholders.
|
|
|
Technology's Diminishing Role in an Emerging Process-Driven World (Part 1)
| |
| Organizations that already have a technology driven program in place or have just recently implemented one still surprise me with their significant interest in the dramatic changes in procurement methodologies and practices. But rather than focusing learning on new and emerging technologies, today's procurement professionals seek insights into the actual processes that drive their enterprises. The impetus behind this change is largely the result of the fallout from the consistently high level of e-procurement initiative failures. Industry studies for the period 2001-2005 indicate 75-85 percent of all programs fail to achieve the promised results. |
|
|
How does policy either motivate or undermine employee performance?
| |
| In an excerpt from a November 20th post in the Procurement Insights Blog titled "How Leadership Repeatedly Under-Mines Their Most Valuable Procurement Asset" (see below), I discussed the impact that current procurement policies and environments have on purchasing professionals within their respective organizations.
|
|
|
What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 1)
| |
| There are many factors both internally as well as externally that are affecting supply chain/ procurement practices today. From the growing talent vacuum to the continuing lack of collaboration between Finance, IT and Purchasing relative to corporate initiatives.
What in your own experiences and opionions are the top 3 issues that procurement professionals face? |
|
|
What are the 3 biggest challenges faced by supply chainpurchasing professionals today? (Survey Result 2)
| |
| There are many factors both internally as well as externally that are affecting supply chain/ procurement practices today. From the growing talent vacuum to the continuing lack of collaboration between Finance, IT and Purchasing relative to corporate initiatives.
What in your own experiences and opionions are the top 3 issues that procurement professionals face?
|
|
|
The Greening of Procurement Revisited (Part 2)
| |
| As a follow-up to my post from earlier this week, I am pleased to present Part 2 of the 2 part Greening of Procurement Series: It’s Not Easy Being Green!
For those of you who would like to delve even deeper into the factors that are shaping both public and private sector sustainability strategies, including case studies on companies such as Kodak and Ford, you can purchase ($20) my white paper titled The Greening of Procurement: How Social Consciousness is Re-Shaping Procurement Practices (contact the author for ordering details) |
|
|
The Socially Responsible Procurement Practice: Moving Beyond Social Consciousness (enterprising non-profits Profile)
| |
| “The question this raises is quite simply what set of circumstances will elevate green procurement from a nice to do “boutique” status to a more meaningful (and essential) element of a sound purchasing strategy? At the risk of answering my own question, I do not think that green procurement in and of itself will achieve this status, nor do I believe that it is a reasonable goal. |
|
|
74% of executives view outsourcing as recessionary survival tactic
| |
| A new survey from Capgemini finds that nearly three-quarters (74 percent) of executives said they view IT, finance and accounting, HR or procurement outsourcing as a vital element in their recessionary survival strategy. |
|
|
How Your Procurement Practices Affect Your Sales and Brand
| |
| Ethical selling and procurement (purchasing) is now in the spotlight. Harvey Norman’s recent publicity surrounding their supposed sourcing and use of Australian native old growth forest timbers in their Chinese made furniture has drawn light on retail procurement practices.
Procurement is now fairly and squarely in the spotlight and choices surrounding sourcing and distribution activities can have a dramatic effect on a company’s brand, reputation and sales revenue. |
|
|
Procurement and Purchasing Cards
| |
| This article looks at how procurement cards - or P-cards - work to control misuse through setting of parameters on types, amounts, locations and frequencies of purchases. Also addressed are benefits and drawbacks of procurement card programs.
|
|
Featured Article
by: Trending Articles
Making Money Blogging Can Be Tons Of Fun 
Original Footage Vs. Digital Video Copies
Why you should go to networking events
Closing Your Business? Out Of Business? Start Over With a New Internet Business Model.
Ten Top Tips For Staff Inspiration From Your Strategic Thinking Business Coach
Newsletter
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Suggestions
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.