All posts in Uncategorized

Effective Logistics Problem Solving

Logistics is a critical component of effective supply chain management, as it covers the procurement and movement of materials, scheduling of people, organization of manufacturing processes to convert inputs into finished goods that customers are willing to pay for. Logistics, procurement and supply chain professionals must assure that all logistics and supply chain activities add value to customer and stakeholder…

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Pillars of Strategic Procurement Execution

The supply chain of today is dynamic, rapidly evolving, and requires great strategic, operational and tactical acumen. Procurement professionals must have a proficient understanding of many aspects of the modern business landscape. These include socio-demographic, technological, political, industry, economic, competitive, and ecological parameters. We must understand these parameters from the perspective of what is trending, how our organizations and procurements…

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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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Amazon’s Supply Chain Success the Leveraging of Critical Factors

Amazon is by far one of the most successful companies of all time. Innovation, supply chain excellence, vision and risk-taking are all vital elements of its astounding success. While these vital elements underpin Amazon’s competitive advantage, they are also the critical cogs of its Robust Business Model. Amazon joins the ranks of the top 20 Supply Chains, which include the…

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The SCOR Model for Strategic Alignment

Today’s Supply Chains are more complexed, demanding, fast-paced, and risk-prone than ever before. The SCOR Model (Supply Chain Operations Reference Model), provides a comprehensive, holistic, and dynamic approach to understanding, measuring, and executing supply chain operations. The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of the SCOR Model in simple how to do steps.…

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Concept of Novation in EPC (Engineering, Procurement & Construction) Industry’s Contracts

INTRODUCTION:  Doing Business is very challenging, Clients / Owners are finding all best ways to minimize their Cost and Schedule of building Energy Sector Plants. Novation of Contracts / Purchase Order to EPC Contractor is one of the best techniques in Energy Sector to reduce cost and minimize schedule risk. Building a large Plant required Budget in Billions of Dollars,…

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The Evolution of the Cloud and Its Impact on Supply Chain

Special thanks to Source One Management Services for this guest post Don’t miss updates on Procurement & Supply Chain, Subscribe here!   Cloud computing continues to rise in popularity as cloud-based technologies play a critical role in businesses by creating new competitive advantages. To start off, what exactly is cloud computing? The U.S. National Institute of Standards and Technology describes…

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Marketing Procurement: Understanding Event Budgets

Special thanks to Source One Management Services for this guest post Don’t miss updates on Procurement & Supply Chain, Subscribe here!   An event budget is a moving target. There are numerous factors influencing the final cost for your event that are continually changing throughout the course of your planning and up until the day of. As a result, oftentimes…

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President Trump’s First Major Supplier Diversity Move?

Much of the never-ceasing US political talk this week has centered around President Trump’s signing of an executive order to benefit historically black colleges and universities. Don’t miss updates on Procurement & Supply Chain, Subscribe here! According to the Portland Press Herald‘s sources, this executive order is “expected to strengthen the office that pushes the federal government to do business…

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Standard Terms and Conditions in Your RFP

I member recently asked me:  “When including your standard terms and conditions in your RFP, how flexible should you be with considering supplier exceptions to those terms and conditions?” Don’t miss updates on Procurement & Supply Chain, Subscribe here! Well, my answer to this question is similar to my answer to many procurement questions I am asked:  “It depends.” It…

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