What is the Best Supplier Vetting Process?

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Supplier vetting article written for Supply Chain Game Changer by, and permission to publish here provided by, Tyler Brown.

Does your business rely on at least one supplier? Or do you need multiple suppliers in order to perform your daily operations? Either way the quality, reliability, and value for cost of your suppliers is crucial to your organization’s success.

On the other side, if your suppliers don’t live up to the standards you require, your organization can be damaged. 

Suppliers can tarnish your reputation by causing you to deliver unsatisfactory products to your customers.  A supplier with internal problems can delay your orders, making you miss deadlines and break promises.  Late or low-quality products could cause you to lose major customers or be forced to process refunds.

It’s vital, then, to use a consistent Supplier Management system to vet excellent suppliers and secure the ones that will help your brand to stay strong.

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Imagining the Supply Chain of the Future!

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Imagine what the future will look like in Supply Chain!

We don’t mean the near future, but the very distant future.  There are articles which describe what the future of Supply Chain will be like in 2025, or even 2030.

But is that enough of a far-reaching vision to offer much more than an incremental view of what we see today based on existing technology?

Any view of the near future is more likely to describe incremental changes and incremental advancements based on the current knowledge base.  But an extremely distant vision of the future is more likely to offer revolutionary ideas as to what future possibilities are.

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7 Reasons to Hire on Contract for Supply Chain!

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Hire on Contract article originally published by, and permission to publish here provided by, Sam White at argentus.com.

Economists have done a lot of analysis on the rise of the so-called “gig economy.” More workers are using short-term contracts and other forms of employment to provide additional income to supplement or replace permanent jobs – think Uber, DoorDash, etc.

But more and more companies in a variety of industries are also bringing on high-skilled contingent labour for white collar positions in a number of impactful business functions like Technology, Procurement and Supply Chain. 

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Our 2019 Top 10 List!

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Here at Supply Chain Game Changer our fundamental mission has been to share experiences and expertise in the areas of Supply Chain, Logistics, Distribution, Procurement, Business, Human Resources and more. We now present our 2019 Top 10 list.

In our 3rd year at Supply Chain Game Changer we have had the tremendous opportunity to share more content created by ourselves and a growing number of Guest contributors.

With new articles provided to us every week our audience is allowing us to share ever more engaging content and their incredible intelligence for the benefit of all. We extend our thanks to all and invite everyone to submit articles for our consideration.

Here at the midpoint of 2019 we would like to share the 2019 Top 10 List of our most viewed articles of 2019!

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Spreadsheets – A History and a Future!

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Unchaining Change Leadership

Most of us create, use, present and work with at least one spreadsheet each and every day.  Spreadsheets have proven invaluable.  And many businesses even observe, and complain, that they are run on spreadsheets.

Yet there was a time not that long ago when most people didn’t even know what a spreadsheet was.  In the early 1980s I was given one the first IBM Personal Computers to use, along with the spreadsheet software Visicalc.  Spreadsheets forever transformed my productivity and skill set.

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Suppliers are Friends, not Food!

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Article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com.

“Fish are friends, not food.”


Bruce, a great white shark, and his two shark friends gather alongside Dory and Marlin, taking a sacred oath, swearing off eating fish. This scene became an instant classic in the homes of the hundreds of millions that have seen Pixar’s mega-success, Finding Nemo.


If you’ve never seen the film, treat yourself by watching this clip below, and directly after you finish this blog, do yourself a favor and stream the entire film.

Now…
Is there something to be learned from this quote in Finding Nemo, that we can apply to procurement and sourcing? As buyer and suppliers aren’t we all living in the same ocean, existing in the same ecosystem, and working towards the same value creation?

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16 Questions that Keep Supply Chain Managers Up at Night! (Infographic)

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Questions that keep Supply Chain Managers up at night article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com.

With so many things currently happening on the container shipping front, we bet supply chain and logistics managers are having a hard time focusing. There are are certainly many questions that keep supply chain and logistics professionals up at night, regardless of the current socio-economic and geo-political situations. 

Have a look at our infographic to remind you of 16 things you should always keep in mind when looking at supply chain and logistics.

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Strategic Supplier Relationship Management – Do’s and Don’ts

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Shortly after I joined the Commodity/Category Management Procurement organization I was invited to attend the annual Strategic Supplier Awards event. It was all about Strategic Supplier Relationship management.

There were Executives from dozens of Suppliers in attendance. The event concluded with award recognition given to Suppliers based on their scoring and standing as being of Strategic value to the company.

Prior to joining the Procurement team I had neither understood nor appreciated the importance of Supplier Relationship management. But having seen how motivated and inspired these Suppliers were I started to understand.

But in the weeks, months and years to come I also became much more informed about the good and bad aspects of Supplier Relationship Management.

From company to company I came to develop a list of Strategic Supplier Relationship Management “Do’s” and “Don’ts”.

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5 Qualities of a Reliable Supplier!

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Reliable supplier article and permission to publish here provided by Carol Trehearn.

Your business is only as exceptional as the goods or services it offers, and to get exceptional products, the right supplier is a must.

Whether you’re starting a new line of products from scratch or looking to revamp your shelves, here are five qualities of a reliable supplier to prioritize. 

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Enable Spend Aggregation in Procurement!

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Aggregating your procurement spend for the purpose of delivering greater value is a sound objective.  Theoretically you should be able to generate better service, better terms and conditions, and better cost.  Therefore you should enable spend aggregation.

Yet there can be many obstacles in your way to achieving this seemingly simple goal.  Loss of control, fear of job loss, questionable benefits, and a perceived loss of margin are some of the obstacles you may run across.  We discussed these in greater detail in our post Procurement (Part 1!) – The Spend Aggregation Obstacle Course!

You may be trying to aggregate spend within your company or across companies, or you are trying to outsource this to a Group Purchasing Organization (GPO).  To overcome the Spend Aggregation obstacles there are a series of enablers you need to enact to make this successful.

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Purchase Price Variance (PPV)! A Profit or Loss Opportunity?

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Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance.

For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. For others it is tightly managed, actioned and used to determine Procurement’s effectiveness in either reducing losses or generating profit. Still for some others it isn’t even on their radar.

In my experience proactive, attentive, and detailed Purchase Price Variance (PPV) can make an incredible contribution to the profitability of a company. To ignore or downplay it is to lose sight of both the potential to drive profits and the exposure to incur losses.

What exactly is PPV, how can it be managed, and what is the strategic value of investing time and energy in this metric?

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Why $0.001 Matters!

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Unchaining Change Leadership

As the old saying goes, “Take care of the pennies and the dollars will take care of themselves!” This phrase, or rather the British version thereof, is attributed to William Lowndes, who lived from 1652-1724. And taking care of the penny is as true now as it was those many centuries ago.

Any savvy professional who works in Procurement or in Finance knows that this adage applies to everything they do. But it is not only the pennies that matter any more, but the fractions of a penny are just as important as ever.

Micromanaging the fractions of a penny across hundreds and thousands of skus in your inventory can add up to substantial savings, and profits, for any company astute enough to understand the opportunity.

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The Supply Chain Detective ™! In Search of Broken Supply Chain Clues!

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How can you tell if your Supply Chain is broken?  Do you need a Supply Chain Detective?

Certainly there can be obvious clues:  your CEO starts firing and hiring people, consultants are brought in, customers start leaving, or operating and financial performance suffers.

But before the situation gets to those extremes what are the clues that your Supply Chain is not working as well as it could, or should?

Supply Chain effectiveness is absolutely critical for companies in most  industries to survive, let alone succeed.  And even if your company seems successful now that is no guarantee that it will be in the future.

So detecting those clues and solving these problems is of paramount importance.

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The 5 Levels of Supply Chain Transparency!

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Supply Chain transparency article originally published by, and permission to publish here provided by, Sam Jenks at http://www.kodiakrating.com  

As the story goes, the meatpacking districts of Chicago were one of the first recorded drivers, towards the need, for supply chain transparency. The Jungle, authored by Upton Sinclair, outraged the American public in 1904, after Sinclair’s depiction of the harsh realities of the meat industry at the turn of the 20th century. The book sparked consumer concern, which prompted the Food and Drug Act and the Meat Inspection Act (Linich 2016).

One could even argue transparency — at it’s origin — is a byproduct of consumer concerns, materialized within poor production, social and/or environmental quality.

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Differentiate With Supplier Relationship Management (SRM)!

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Differentiate with a Supplier Relationship Management (SRM) article originally published by, and permission to publish here provided by, Michael Massetti, Executive Partner at Gartner.

Democratic institutions around the world promote the core doctrine that all people are created equally. This is clearly not the case in the world of supplier management. All suppliers are not created equally and they should all be managed with this distinction in mind.

This article on how to differentiate with Supplier Relationship Management will look at a model for stratifying and segmenting your supply base within the confines of a structured and formal supplier relationship program (SRP).

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