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Procurement involves the tactical and strategic procurement of all goods and services required for the operation of any single business or organization.
Every organisation spends money on multiple areas regularly to keep the business running. From purchasing raw materials to availing of specialised services, your company takes a chunk out of its treasury to fund its operations and attain its objectives.
If you wish to boost your savings and control the funds going out of your company’s treasury, analysing these expenses through spend analytics becomes essential.
Continue reading “How Can Businesses Benefit from Spend Analytics?”Regardless of what industry your company is in you are dependent on suppliers to operate your company. Thus it makes sense to have a Supplier Relationship Management program.
Suppliers provide components for products you manufacture and sell. Suppliers provide services for products or services you take to market. Suppliers move your goods from one point to another. And suppliers provide the goods, supplies, software and other items required by every function in your company to conduct day to day business.
Without suppliers no company could survive, let alone thrive.
Yet historically too many people have treated suppliers transactionally with no to little regard for fostering mutually beneficial relationships.
Going forward it will no longer be sufficient to just have passive supplier relationships. Companies must have a formal, strategic Supplier Relationship Management (SRM) program!
Continue reading “What is Supplier Relationship Management (SRM)?”Previous CIO of General Motors (GM), Tony Scott, was once quoted saying,“GM is a highly collaborative organization; we rely on a whole tier of suppliers for everything that we do.” They rely on collaborative innovation.
Our organization’s products, customers, and profit, are ultimately a byproduct of the global supply chain networks that operate on a daily basis to add value through collaboration. The complexity of global supply chains – especially in organizations like GM, often the elephant in the room – require hands-on relationship management of suppliers to ensure that supplier collaboration will lead to added value, and innovation.
It’s nice to see that their previous Chief Information Officer had enough perspective to recognize their suppliers’ importance.
Continue reading “Create Collaborative Innovation with Suppliers!”In today’s competitive business landscape, effective supply chain management is crucial for organizations to thrive. At the heart of supply chain management lies the role of procurement, a strategic function responsible for sourcing, acquiring, and managing goods and services essential for business operations.
Continue reading “The Role of Procurement in Supply Chain: Key Strategies for Success!”How many parts of your company act as independent Company Silos? How many functions in your organization conduct themselves like they are islands?
One of the main problems in a functionally organized company is that those functions over time can become isolated from each other. The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives.
But the Supply Chain team is uniquely positioned to bridge all of these silos and islands. Supply Chain is truly the link that can hold your company together!
Continue reading “Supply Chain Personified! The Link Between Your Company Silos!”Our second year of publishing interviews with our 2019 All Star Leaders has proven to be more exciting than ever before.
The interviews are generally amongst our highest viewed articles. This further underscores the fundamental objective of Supply Chain Game Changer which is to share experiences and expertise from professionals around the world.
People want to hear from others and learn the leadership lessons they can share. They want to hear about experiences and get advice and guidance.
We are honoured to present, in order of publication, our compilation of Seasoned Leadership In Action™ interviews from 2019!
Please take the time to view them all. There is value to be learned from every single leader!
Continue reading “Seasoned Leadership in Action™ – Our 2019 All Star Leaders!”Suppliers are an intrinsic part of the Supply Chain. It does not matter what business you are in, what products you make, distribute and sell, or what part of the world you are in. And it doesn’t matter where in the Supply Chain you are. You can not accomplish anything without collaboration with your Suppliers.
Yet I have seen, like many of you, Suppliers treated in many different ways. No matter what the circumstances are poor treatment of Suppliers is never appropriate. Given that Customers fundamentally need their Suppliers to be successful why do people treat them badly? And how do we ensure there is a healthy and productive relationship between Suppliers and Customers?
Working together with your Suppliers is always a formula for success!
Continue reading “Supplier Collaboration is a Win-Win Strategy!”Change is inevitable in modern supply chain management, and risk management is essential to success. Supply Chain risks evolve and become more prevalent with time.
Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks.
Risks exist in land, air and ocean freight. They’re inevitable and unavoidable. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value.
Understanding the top 10 global supply chain risks can work to reduce their impact.
Continue reading “Top 10 Global Supply Chain Risks”What is Supply Chain Management?
The term was coined over 35 years ago but still to this day there are a large number of different definitions of SCM.
To someone who is starting out their career, or who is new to the field of Supply Chain, it is understandable that there may be confusion as to the definition of SCM.
But the reality is that there are many expert individuals and organizations who define Supply Chain differently. Are they really that different or are there just subtle nuances in what some people consider SCM that others do not?
Watch our video to learn more about how people define Supply Chain Management!
Continue reading “What is Supply Chain Management (SCM)? (Video)”Over these past 28 years of my career in Procurement (yes I started when I was 12), I’ve had the privilege and pain of seeing, not just procurement, but many different types of Transformation initiatives succeed and, unfortunately, fail. Let’s discuss why procurement transformation can fail.
Continue reading “Why Procurement Transformation Can Fail!”It’s a good question. We often see these terms used interchangeably, but there are some concrete differences between Procurement and Purchasing such that we think they are two different practices, each with their own set of concerns and skills.
Continue reading “What’s the Difference between Procurement and Purchasing? (Infographic)”In today’s fast-evolving business world, staying ahead of the curve is not just a competitive edge but an absolute necessity. Recognizing this need, Procurement Tactics, a pioneering player in the procurement industry, has introduced its game-changing Price Tracker tool – an innovative solution that promises to reshape the way procurement professionals approach price monitoring.
Continue reading “Revolutionizing Procurement: Empowering Professionals with Procurement Tactics’ Price Tracker Tool!”Supply Chain is a very difficult business area to work in. It is not for the faint of heart. But the fact that it is such a challenging area, promising both risk and reward, is one of the things that makes it an exciting career path. At any point you can be on the Naughty list or the Nice list.
These are hard jobs. I’ve heard it said many times that just staying afloat in Supply Chain is success because there are so many things that could drown you from one day to the next.
And even though the Supply Chain is absolutely essential for running virtually any business the Supply Chain team doesn’t always get the recognition they deserve for keeping the company afloat.
So we felt that it was time to sit back and reflect on what kind of year you’ve had and think about what you’ve done, what you’ve overcome, and what you’ve accomplished.
What do you think? Are you on the Naughty list or the Nice list?
Continue reading “Are You on the Supply Chain Naughty List or Nice List this Year?”Fall is in the air.
Pumpkins are chunkin’, the leaves are changin’ and Thanksgiving cornucopias are being filled by the second. There’s something about autumns crisp air that makes me romanticize the ‘coziness’ of it all, but can you blame me?
As an ex-pat American, I sometimes forget that my associations with the autumn season don’t align with those of my friends here in Stockholm, Sweden. But, if there’s one thing we’ve all come to an agreement upon, it’s that Thanksgiving dinner is a must.
I introduced the tradition a few years ago and it’s been an annual event since then, hosted at my place- in potluck fashion. I fix the bird, stuffing, and taters, and each attendee stands for their own dish. It is a feast of epic proportions, and there’s a spread of food big enough to feed Coxey’s Army (as my Grandmother always says).
Continue reading “Supplier Quality Management: Drive Value By Safeguarding Value!”It’s been a tremendous first year at supplychaingamechanger.com. Our goal has always been to share experiences and expertise. And in the second half of 2017 we had an ever increasing number of articles contributed by industry leaders all of whom have been very generous in sharing their intellect and insights. This is our second 2017 Top 10 List.
Our readers and contributors come from all over the world. They include individuals new to Supply Chain as well as Industry leaders and everyone in between. And they work in many different industries and vocations. But they all have a common interest in Supply Chain, Operations, Business, Leadership, Change Management, Human Resources, Transformation, and Technology.
Most importantly they all have an interest in learning and sharing.
As we end this first year we wanted to publish our 2nd Top 10 List. Our first Top 10 List covered the Top blog posts from the first half of 2017 so our 2nd Top 10 List will cover the second half of 2017.
Thank you for your tremendous, ongoing support.
So here is our 2nd Top 10 List of 2017…
Continue reading “Our 2017 Top 10 List! – Part 2”
