All posts in Suppliers

Are You Making This Expensive Procurement Mistake?

Several years ago, I actually looked at one of our homeowner’s insurance bills and found our provider increased our rates significantly beyond our initial rate.  So, I went out and found better coverage and a much better rate with an alternate provider. Don’t miss updates on Procurement & Supply Chain, Subscribe here! Then, the other day, my new homeowner’s insurance…

Read more

Surprise Supplier Audits: Good or Bad?

One of the students of a Next Level Purchasing online course asked me, as the instructor, whether I thought that “surprise” supplier audits were a good idea.  The goal of such surprise audits would be to confirm that the supplier is truly meeting its obligations, whether those obligations are things like maintaining the agreed-upon stock levels, keeping up with production…

Read more

Supplier Error Reduces CEO’s Net Worth By Over $5 Million in 16 Minutes

Wow.  I have to say that this headline refers to one of the most dramatic procurement-related screwups ever. Don’t miss updates on Procurement & Supply Chain, Subscribe here! Yesterday, Google’s stock plummeted from $754.64 per share at 12:34PM to $687.30 per share at 12:50PM (source:  Yahoo! Finance) before trading of the stock was halted. What was the reason for such…

Read more

Could Apple’s Supplier & Competitive Strategies Be Spooking The Stock Market?

With so much press speculation about a double-dip recession being imminent, I cannot help getting sucked in by headlines that may offer a clue on what’s to come economically. Such was the case today when I saw the headline “Is Apple Fearful of a Consumer Slowdown?” Don’t miss updates on Procurement & Supply Chain, Subscribe here! That headline actually scared…

Read more

Who Owns The Customer-Supplier Relationship?

A few weeks back, the Strategic Sourcing & Procurement Group on LinkedIn held a knowledge-sharing conference call based around the question “Do penalties improve supplier performance?” Shortly after the call, Michael Koploy posted a nice summary on softwareadvice.com. That summary covered these five top takeaways from the call: Don’t miss updates on Procurement & Supply Chain, Subscribe here! Incentives Needed…

Read more

->