There are few areas within the walls of corporate America (let alone the rest of the world) that stir up emotions and opinions like supplier diversity. Regardless of where you stand regarding supplier diversity programs and how supplier diversity can be done right – because it can definitely be done poorly, even catastrophically so – this research brief is meant to serve as a general primer for procurement professionals needing to bring supplier diversity into their daily activities across the supply management function. We also hope it will prove useful for newly appointed supplier diversity managers and for senior procurement managers and corporate directors wanting to understand how supplier diversity fits in with their business, day-to-day and strategically.
Spend Matters welcomes a guest post from Vantage Partners. Click for Part 1, Part 2, and Part 3 of this series on managing performance in offshoring relationships. Performance management challenges make it harder to achieve the full value of the deal Managing performance becomes a challenge in offshoring relationships when the parties do not effectively manage the challenges described above. And ineffective performance management has real consequences for both customers and providers. When survey respondents in 2010 complained about performance management issues, they also reported that they experienced the following consequences (Vantage Partners, Managing Offshoring Relationships: Governance in Global Deals, […]
PR move, or more? Apple to Resume U.S. Manufacturing -- For the first time in years, Apple will manufacture computers in the United States, the chief executive of Apple, Timothy D. Cook, said in interviews with NBC and Bloomberg Businessweek. "Next year, we will do one of our existing Mac lines in the United States," he said in an interview to be broadcast Thursday on "Rock Center With Brian Williams" on NBC. "...more than 300 suppliers in one place - at Arctic Import situated at the Port of Aalborg, North Denmark." Greenland Contractors and Arctic Import Enter Into a Supply […]
Earlier today, we began to explore how to think outside the accounts payable (AP) box when examining procurement-focused shared services efforts. Spend Matters research suggests that procurement and supplier-centric areas with linkages to finance may contain the greatest opportunity for shared services efforts. Expanding on the examples provided by Fiserv, supply management organizations may wish to consider the following areas for shared services automation (whether outsourced to a third-party or managed internally in a centralized environment). Supplier management (the basics): this may include supplier on-boarding and enablement (for both AP and broader P2P initiatives) including collecting banking details, contact details, […]
We recently covered shared services for the first time in detail on Spend Matters PRO, examining the intersections of accounts payable, outsourcing and procurement, including detailed case analysis of what organizations including Fiserv and Eli Lilly are up to. Subscribers can access this series below: Shared Services, Outsourcing and Procurement – Curious Intersections or Tomorrow's Three-Way Marriage (Part 1) Shared Services, Outsourcing and Procurement – Curious Intersections or Tomorrow's Three-Way Marriage (Part 2) When it comes to shared services, it's no surprise many organizations have gotten started with AP as a first wave initiative: "AP automation and invoicing is a […]
Subscribers can access this two-part series covering my unchained opinions of the following purchasing and sourcing-focused events: Procurement Leaders, Sourcing Interests Group (SIG), Shared Services Link, ProcureCon and eWorld on Spend Matters PRO: What Procurement Events Should You Attend in 2013? (Part 1) What Procurement Events Should You Attend in 2013? (Part 2) Below, we feature an excerpt of the series (with a complete reviews of ProcureCon). ProcureCon – ProcureCon is a bit of an enigma to us. We say this having been to just about all of their events over the years – indirect, direct and now, targeted categories […]