The Procurement Category

30 Under 30 Supply Chain Star Jordan Haller on Leading ExxonMobil’s Preparatory Procurement Efforts for Hurricane Irma

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Jordan Haller knows a thing or two about safety. In 2015, the procurement supervisor at ExxonMobil was named to the National Safety Council’s list of 40 safety leaders under the age of 40 for leading a near loss campaign for his company. And last summer, Haller led ExxonMobil’s preparatory procurement efforts for Hurricane Irma. In the meantime, Haller, who has a bachelor’s degree in supply chain and information systems from Penn State University, also managed to complete an MBA at Louisiana State University. Today, Spend Matters chats with Haller on supply chain disruptions, prioritizing safety and why he expects the internet of things to push supply chain optimization to the next level.

Afternoon Coffee: Omnia Partners Purchases U.S. Communities GPO, Argentine Ports Stalled by Sticker Shortage

Omnia Partners, a group purchasing organization (GPO) composed of National IPA, Prime Advantage and Corporate United, announced Monday it had entered an agreement to buy Communities Program Management LLC, the organization that staffs and manages the operations of the U.S. Communities Government Purchasing Alliance. Dangerous weather and labor strikes are not the only issues that can hold up shipments at ports. Sometimes a supply disruption can be caused by something as a simple as a shortage of green stickers. Afternoon Coffee brings you the latest in procurement and supply chain news.

Commodities Roundup: LME Copper and Aluminum Fall, U.S. National Average Gas Price Hits 2018 High

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

How Procurement Organizations Can Mitigate Risk, Manage Costs Amidst a Trade War

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It is still unclear whether the escalating rhetoric between the U.S. and China will become reality. Yet it is crystal clear that organizations face ever greater supply risk with each passing year and, as a result, potentially higher costs without having access to the right tools in place. How to assess those risks and costs?

For 30 Under 30 Supply Chain Star Tanner Ryan, Culture and Geopolitics Make Supply Chain a “Forever-Changing Puzzle”

Among the common characteristics of the 30 Under 30 Rising Supply Chain Stars are an international mindset and an interest in giving back to the community — two traits that certainly apply to Tanner Ryan. His supply chain career has taken him around the world and back to his native Colorado, where he now works as a Rocky Mountain Region trucking coordinator for Shell. In this Q&A, we chat with Ryan about his career accomplishments and challenges, his experience working in China as a teenager, the disruptive potential of autonomous transportation, and, last but not least, beer.

3 Big Changes Driving Procurement Hiring Trends in 2018

Spend Matters welcomes this guest column from Naseem Malik and Nick Lazzara of MRA Global Sourcing.

There’s never a dearth of excitement in the world of procurement, and 2018 has been no exception. The business effects of several new Trump administration policies are coming fast and furious. Fluctuating economic and political conditions are presenting a host of new challenges and opportunities for businesses. Because of these factors, procurement professionals now more than ever need to stay abreast of the latest developments and master in-demand skills. To help, here are the three key areas we’ve seen driving procurement hiring in 2018, as well as our recommendations for where professionals should focus in the coming months.

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5 Ways to Turn Your CFO’s Hate to Love

Imagine your typical CFO and CPO as a couple on Facebook. What do you think would their relationship status be? In my role at Sievo, I get to meet many leadership teams, and I find surprising similarities in boardroom dynamics. In Facebook terms, I would describe the typical relationship between a CFO and a CPO as “it’s complicated,” although I’ve come across some true “hate-hate” relationships, too. To put a positive spin on things, an emotionally charged relationship comes with some powerful energy to work with. No CFO-CPO relationship is completely unrepairable. It can take considerable time and effort, but it is all worth it.

The Age of Analytics: Mainstream Adoption by Procurement Expected to Triple by 2021

Procurement has likely entered the beginning of a massive swell in the adoption of advanced analytics tools. Researchers from The Hackett Group have found that mainstream adoption of advanced analytics in procurement functions is expected to more than triple in the next two to three years, increasing from the current 20% to 63%. Given the benefits associated with the effective use of analytics, the increased adoption makes sense. Earlier research has found that analytics-driven organizations are twice as likely to be top financial performers and five times as likely to make faster and better decisions.

30 Under 30 Supply Chain Star Rhiana Gallen on Taking Part in High-Level Initiatives at Age 23

At 23, Rhiana Gallen is the youngest 30 Under 30 star this year. She graduated from Colorado State University in 2016, and in the two years that she has spent so far as a contract specialist at Denver Water, she has managed to save the organization more than $400,000 and participated in several high-level initiatives. She served as the team leader of Denver Water’s Lean Six Sigma procurement value stream analysis, which reduced competitive selection cycle times by 45%. Spend Matters spoke with Gallen about how she got the chance to work on important projects so early in her career, time management strategies, and what she finds most challenging and rewarding about supply chain.

30 Under 30 Megawatt Star Charlotte de Brabandt on Leading International Teams at Multinationals

Last month, Thomas and the Institute for Supply Management (ISM) announced the winners of the 30 Under 30 Rising Supply Chain Stars Recognition Program, which showcases the most talented young professionals working in supply chain. Like in previous years, the accomplishments of these 30 young professionals are thoroughly impressive, and this perhaps describes no one better than Charlotte de Brabandt, the Megawatt Star.

What’s Top of Mind for Procurement This Year: 3 Hot Topics from Q1 2018

As frost and overcast skies turn to morning dew and sunshine, many procurement leaders continue to take their New Year’s resolutions from aspiration to reality. During the first three months of 2018, Spend Matters brought plenty of news to support them in that journey, from our annual trends and forecast series to exclusive interviews with industry executives and the latest in comparative vendor analyses. What topics have been top of mind for procurement this year, and what can practitioners expect as they head into the second quarter of 2018? Here are the top three topics our readers have been examining over for the last several months.

Thomas/ISM’s Newest “30 Under 30” Rising Supply Chain Stars Value the Greater Good

For four years now, Thomas and the Institute for Supply Management (ISM) have partnered in holding the 30 Under 30 Rising Supply Chain Stars Recognition Program and showcasing the most talented young supply chain professionals out there. Earlier this month, they announced the results of the 2017 competition. To learn more about this year’s rising supply chain stars, Spend Matters spoke with Deb Stanton, executive director at ISM; Tony Uphoff, president and CEO of Thomas; and Rita Lieberman, director of marketing communications at Thomas. We came away truly impressed by the talented young professionals in supply chain today.