Archive for September, 2010

Free Procurement-Finance Teleseminar Today

Today, I’ll be participating in the September Strategic Sourcing & Procurement LinkedIn group member call. This month, we’re talking about Finance, specifically the relationship between finance and procurement. Helping you navigate this huge opportunity for collaboration, efficiency gains and increase cash flow will be: Yours Truly, who will share what me and the Next Level Purchasing team are seeing in…

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The Best of Whitepaper Wednesday, Part I

I started Whitepaper Wednesday on the Purchasing Certification Blog in September of 2008. In the two years since the inception of Whitepaper Wednesday, I’ve reviewed nearly 100 procurement, supply chain, and leadership whitepapers. In the coming weeks, I’ll be introducing some of the procurement profession’s newest thought leaders who will be authoring future Whitepaper Wednesday posts. While we’re working out…

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How Would A Cyber-Blitz Threaten Your Supply Chain?

According to an article on comcast.net entitled “U.S. mounting first test of cyber-blitz response plan,” the US government is today beginning a test of their response to a cyber attack that might threaten “vital services such as power, water and banks.” I’ve written previously about how cyber attacks pose a very real threat to supply chains and the above-linked article…

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Do Great Leaders Admit Mistakes?

One thing that personally annoys me is when people cannot admit they made mistakes. Another thing is when circumstances or rules prevent them from correcting the error. I think about US President George W. Bush’s admission a few years ago, after beginning the Iraq war on the premise that weapons of mass destruction were being hidden there, that there were…

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Outsourcing vs. Insourcing…Simplified!

Many companies ponder at length the decision of whether or not to outsource a certain business process. And there has been much academic material written on how to make that decision, including one of Next Level Purchasing’s own articles from 2005 entitled “The Make Or Buy Procurement Decision.” There are a lot of factors that organizations consider when making the…

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SPSM’s: Increase Your Recognition As A Thought Leader

Over the past 2+ years, I’ve been posting reviews of whitepapers on this blog as part of our weekly “Whitepaper Wednesday” feature. Now, as part of our commitment to helping purchasing professionals have rewarding careers, I want to turn the Whitepaper Wednesday reigns over to some talented SPSM’s interested in positioning themselves as thought leaders in the profession. In addition…

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Whitepaper Wednesday – Marketing The Procurement Function

Welcome back to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. Today, I’ll be reviewing a whitepaper entitled “Influence More Spend and Drive More Savings” from Denali. At the core of this whitepaper is the belief that the key to being able to get more spend under the procurement department’s control is being able to successfully implement…

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Tick, Tick, Tick…Is The “Use By” Date Approaching For These Negotiation Techniques?

Today, the National Bureau of Economic Research announced that the most recent economic recession in the USA had ended in June 2009. In their announcement, they were careful not to imply that economic conditions have been great since then (that would surely get some opposition, right?), noting that “the committee did not conclude that economic conditions since that month have…

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Procurement In Poland Has Become More Professional

The global proliferation and recognition of the SPSM® Certification continues to grow. Last month, Next Level Purchasing certified the first SPSM in Poland, making that country the 55th in which procurement professionals have earned the SPSM. To Your Career,Charles Dominick, SPSMPresident & Chief Procurement OfficerNext Level Purchasing, Inc.Struggling To Have A Rewarding Purchasing Career?Earn Your SPSM® Certification Online AtNext Level…

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Whitepaper Wednesday – Procurement-Finance Collaboration

Welcome back to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. This week, I’ll be reviewing a whitepaper entitled “Seven Points of Engagement for Procurement and Finance to Improve Collaboration” from Basware and ZDNet. This whitepaper strongly encourages collaboration between procurement and finance teams. Why is such collaboration important? The whitepaper claims that, by collaborating, these two…

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