Category Archives: Supplier Management

How Quickly Does Supplier Information Go Stale – A Litmus Test

- February 24, 2015 10:09 AM | Categories: Supplier Management, Supplier Performance

C2799653AA When it comes to supplier information, arguably the most important factor to take into consideration is not just what to collect, but how long it will be of use in the initial format in which one gathers it. Indeed, perhaps as important as what to collect is the realization of how quickly data goes stale. Initial enablement is important, of course, but data needs to be refreshed over time to stay current. Facilities close. Employees leave. Banks change. Insurance policies lapse.

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Not-Quite-One-Year Update: The SupplierPay Initiative

4E6FDEE95C July will mark one year since The White House introduced the SupplierPay initiative, which aims to benefit small businesses in not only getting paid faster but also in receiving access to lower cost outlets of working capital when working with larger corporations. Where are we now with this initiative? Which direction is it trending? Join David Gustin (Trade Financing Matters) and Eyal Rosenberg (Nipendo) for the webinar, The White House, SupplierPay, Early Payment Opportunities, and You on Thursday, Feb. 26 at 12 p.m. CST. Register here.

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Webinar: Spirit of the SupplierPay Pledge Still Alive?

- February 20, 2015 8:24 AM | Categories: Learning / Research, P2P, Supplier Management, Trade Financing

Join us on Thursday, Feb. 26, 2015 at 12 p.m. CST to get an update on SupplierPay, discuss thoughts on how the government can push the SupplierPay Pledge and show how one vendor can help with all expenses, not just indirect. Register here!

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State of Flux’s SRM Summit Comes to US

- February 12, 2015 2:29 PM | Categories: Guest Post, Supplier Management

Spend Matters welcomes this guest article from State of Flux. Nearly 40 people representing leading US companies from sectors as diverse as automotive, FMCG and financial services gathered in Chicago recently for the first State of Flux US SRM summit. It brought together authors of leading supplier relationship management (SRM) research and procurement officers across a wide range of industries. The even also introduced State of Flux’s sixth annual research report into global SRM practice.

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Please Stop the Kvetching Over Early Pay Programs

- February 12, 2015 6:12 AM | Categories: Analysis, Commentary, Supplier Management

finger-hand-lens-1338 Ellen Leith’s post in Procurement Leaders, Stop Paying Suppliers Late And Offer Them Choice, which I recently commented on earlier in the week, features the usual business and trade media complaints over what some might think is a zero-sum game in trade financing (supply chain finance, invoice discounting, etc.). Find out why I think Leith is dead wrong when it comes to supply chain finance schemes.

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Extending Payment Terms: Don’t Be So Fast To Judge

- February 11, 2015 6:12 AM | Categories: Analysis, Purchasing Process, Supplier Management

Pay-Off Ellen Leith recently penned a guest blog post on Procurement Leaders titled Stop Paying Suppliers Late And Offer Them Choice. The crux of her analysis (and argument) is that extending payment terms and paying suppliers late must be balanced with offering various financing arrangements on reasonable terms.

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Suppliers Strain to Meet Demand For Protective Medical Suits as Ebola Epidemic Continues

1414562738yamt4 Demand for full medical protective suits is high as the Ebola epidemic spreads in Africa and threatens to reach other parts of the globe. As a consequence, supplies of the suits are struggling to keep up. To make the situation even more difficult, there are only a small number of companies that actually manufacture the types of protective suits involved. These suppliers are increasing production (some by as much as three times normal levels), but meeting the actual demand is still proving to be difficult.

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TFM’s David Gustin Shares His Expertise at The White House’s SupplierPay Session

file000744506387 David Gustin of Trade Financing Matters was in Washington, D.C., last week attending and presenting at The White House’s SupplierPay session. We talked to David about how he became involved with the initiative and what insight he shared with the many professionals from various organizations and government agencies who took part in the event.

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CPOs at ProcureCon Talk About Supplier Innovation – and How to Capture It

- November 20, 2014 2:20 AM | Categories: Supplier Management, Supplier Performance

Innovation has become one of the very hottest of hot topics in procurement circles over the last couple of years. At the recent ProcureCon conference in Berlin, it was covered over several sessions, with a number of CPOs giving us the benefit of their views and experience around supplier innovation and how to capture it. Based on this wealth of input, what conclusions or thoughts can we draw from the 2 days of thinking and talking around the topic? Here are some key take-aways that CPOs and others might want to consider.

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Lessons From Another Third-Party-Vendor-Based Data Breach

How did hackers gain access to 53 million email addresses and 56 million credit cards belonging Home Depot customers? Through one of the retailer’s third-party vendors. Home Depot recently reported the news, saying he hackers gained entry to the retailer’s system, and deployed malicious software to steal personal information from customers using self-checkout machines and standard registers at the store.

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Supply Chain Top Tip: Engage With Your Suppliers – Don’t Beat Them Up!

Spend Matters has reported on the ongoing Apple and GT Advanced Technologies fiasco that is unfolding in the courts at the moment – most recently this article. Those who follow the story know, Apple's situation with GT is a mess.

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AT Kearney Releases its 2014 ROSMA Benchmark Report – Context and Approach

1411825487tprmf AT Kearney recently released a report titled “Building the Brand of Procurement and Supply,” which summarizes and analyzes its 2014 Return on Supply Management Assets (ROSMA) benchmark metric that it collects on its own (e.g., it has been part of Kearney’s AEP study since 2010) and through a partnership with ISM and CIPS. Members of ISM and CIPS (of any size) can participate in the benchmark study (and get a results readout) and we’d highly recommend procurement practitioners to at least read this report and familiarize themselves with the concepts and the structure of the ROSMA metric.

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