Archive for 2018

The Future of Procurement Technology

The future of procurement technology is a very interesting topic and requires great reflection by progressive minded supply chain professionals. The mechanisms of technology, networking, metrics, innovation, production, and logistics are poised for critical mass on supply chains. The interaction of these forces is lining up for a monumental shift with seismic value creation capability. According to a report by…

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Spend’s Role in Industry

The modern business environment is changing the way businesses execute their Mission Critical Functions. These pressures are not only economic in nature, but technological, political, competitive and significantly Customer Requirement Driven. There is a seismic shift in the mindset of the modern customer from Triple Constraint (wanting products cheaper, better, faster) to quadruple constraint (wanting products cheaper, better, faster and…

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The Worst Business Combination: Stupidity & Low Self-Awareness

Back in January, I blogged about “the possibility of the U.S. economy overheating in 2018.” Well, the economy has definitely been hot this year.  Has it “overheated?”  I’m not sure where the actual boil-over point is, but there’s no doubt that businesses – likely including many of your suppliers – have been struggling to find adequate talent for their teams.…

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Negotiation Preparation Beats Intelligence: Change My Mind

I had seen the memes for months.  But, it wasn’t until recently that I became aware that the guy seen sitting behind a table bearing a sign with the words “change my mind” had a pretty interesting and provocative series of webisodes. This guy, Steven Crowder, appears in public places with a sign stating a usually-conservative belief and inviting passersby…

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Levi’s sets Aggressive Targets to Cut Emissions Across Global Supply Chain

Concern over the planet is one of the Mega Trends of our era and has taken many forums, including emissions reduction, the study of the impact of natural and man-made disasters, and global warming. Levi’s & Company has embarked on a robust program to reduce the environmental impact of its operations by reducing its carbon emissions resulting from its Supply…

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MRO Made Simple: 3 Ways to Quickly Reduce Costs

Special thanks to Source One, a Corcentric company for this guest post. Every distribution center has materials and services used to maintain, repair, or operate their facilities, machinery, or equipment. These items are typically referred to as MRO products (Maintenance, Repair & Operations). This broad category of products includes items like repair components, lubricants, lighting fixtures, safety supplies, janitorial products and other consumables…

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How To Be A “Leader’s Pet”

In grade school, I was a “teacher’s pet.” I was smart.  I was polite.  I always raised my hand first to answer their questions.  I picked up stuff when they dropped it. In short, I did a lot of things “right” to earn their admiration.  And this admiration turned into tangible rewards, too. Of course, we only have classroom teachers…

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In the New Business World, What Procurement Leaders Must Impart to Suppliers

Most people would agree that the business world has been constantly changing…and changing fast! One merely needs to think of the hottest topics in the business world that weren’t mentioned much five years ago:  trade wars, rampant sexual misconduct accusations affecting the most visible of business moguls, social justice, the gig economy and more. These things aren’t just technology evolutions.  They are…

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Donald Trump Wants You To Re-Source Your Spend in China. Are You Taking Action?

After imposing tariffs on a high volume of imports from China earlier this year, the Trump administration this week announced two major changes in its trade war with China:  (1) that the US would apply tariffs to $200 billion worth of goods imported from China, and (2) that the tariff rate on goods imported from China (including the newly selected goods…

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Weeding Out Non-Compliant Suppliers

So, one of the seemingly unstoppable trends in the United States today is the increasing legalization of marijuana. Per an article on Wikipedia, as of today, 31 of the 50 United States have legalized marijuana for medical use.  Furthermore, nine states have legalized marijuana for recreational use. Yet, some organizations do not honor the legality of marijuana at the state level.…

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