Kraljic asks how a company can “...guard against disastrous supply interruptions and cope with the changing economics and new opportunities brought on by new technologies? What capabilities will a profitable international business need to sustain itself in the face of strong protectionist pressures?” Those questions remain top of mind to business leaders grappling with disruptions from natural disasters, rapidly changing technologies, the digitization of business and shifting geo-political alliances. Read More
A new report, Is Your Luck Running Out? Managing Supply Risk in Uncertain Times, by A.T. Kearney and Rapid Ratings International, describes the current state of procurement involvement in supply chain risk management activities, potential risks that could affect the supply chain, and ways procurement can begin to better manage risk. Read More
Labor strikes, government shutdowns, recession, civil strife and war are just a few of the many economic and political events that can disrupt supply chains. Many of the world’s largest exporters of goods, particularly countries in the Asia-Pacific region, regularly experience these destabilizing occurrences. Even developed countries are not immune, as demonstrated by the shutdown of the U.S. federal government in 2013. Read More
Nikita Saharia Chaturvedi
“Considering the interconnectedness and complexity of global supply chains and the prevalence of forced labor worldwide, companies lacking multi-tier supplier visibility can find themselves extremely vulnerable to suppliers or subcontractors that lack proper controls and management systems,” says Bindiya Vakil, CEO at Resilinc, in a podcast interview at My Purchasing Center. “It can have millions of dollars in impact on revenue if a company is found to be in violation.” Read More
Bill Michels of ISM, ADR North America and ISM-ADR China talks to My Purchasing Center about innovation and something few in procurement are preparing for--succession planning. What will companies do when Baby Boomers retire?
What is Procurement to do with Big Data? D&B's Sakti Kunz and Jim Lawton respond to this question and others for My Purchasing Center. The two discuss D&B's new offerings that help manage risk including the Supplier Evaluation Risk (SER) rating.
David S. Yin
Apple’s value chain, from its inbound logistics and manufacturing through outbound logistics and marketing, all go through China in one way or another. Throughout the chain of activities, procurement plays a central role in providing each activity with the… Read More
Now, executives are realizing that good procurement can be perhaps the biggest contributor in an area in which organizations are being increasingly evaluated: Social responsibility. Read More
Nikita Saharia Chaturvedi
“Supply chain practitioners need to take steps to protect themselves,” Bindiya Vakil, CEO at Resilinc, tells My Purchasing Center. “Not everyone will be equally impacted. Information is power. Those who have it own competitive advantage.” Read More
George E. Krauter
Upon investigation, Alice found that the supply chain was functioning just fine. Purchasing and logistics were at optimum regarding the various commodity markets; the suppliers were doing their job and reaching their KPI (Key Performance Indicator) goals. … Read More
Tamr and My Purchasing Center are partnering to bring you some of the best information published on procurement performance metrics in a new guide. We selected these articles so you can benchmark what you’re doing at your company with what procurement experts are advising.
In the white paper, Winning Influence, the Roundtable examines topics critical to sourcing complex categories such as procurement model, internal communications, relationships with suppliers and performance metrics.
From a risk management perspective, procurement must not only coordinate with other enterprise stakeholders to collect and address a range of contractual compliance factors but also take responsibility for them in an actionable framework.
As practitioners and analysts in the procurement market, it's amazing to think about how much tools and platforms within the sector have evolved in little over a decade. Speaking in historical evolutionary tools terms, it's as if we combined the Stone, Bronze, and Iron Ages into a single human lifes…