I hope that you have enjoyed the article “2007’s Purchasing Buzzwords.”
I know that some people associate buzzwords with short-lived trends. And in many cases, this association is applicable. But I feel the need to say that this association is not always appropriate and is especially inappropriate for this article.
While the words describing the concepts mentioned in this article will likely be replaced, I believe that the practices are truly long-term practices and not trends.
For example, environmentally responsible purchasing will always be important. It may not be called sustainable purchasing forever (or even in a few years from now) but, trust me, the emphasis on environmental responsibility will only increase.
Business improvement initiatives, like Lean Six Sigma, and their principles will always have a place in the corporate world. But, just like TQM sounds so “old school” today, I’m afraid that “Lean Six Sigma” as a name (not as a set of principles) will have a short shelf life.
So while it is important to learn the words used to describe these practices, it is more important to learn the benefits of these practices and how to use them to deliver value to your organization.