The Supply Chain Management Category

Supply Chain Flexibility: Does Your Design Pass the Proactive Test?

Global Risk Management Solutions

Spend Matters welcomes this guest post from Eric Robinson, senior project engineer at Kenco Group.

When your supply chain encounters a roadblock, how does it respond? Does one problem spiral into another, leaving you without visibility into the causes? If so, your supply chain design is reactive. Instead of showing and slowing the roadblock as soon as possible, your design left you wide open. As an overseer of your supply chain, you want to do whatever you can to arm it against slip-ups. You need to play the offensive to ensure your design (and your team members) are fully prepared for bumps in the road.

Freeing Yourself From the Chains of the DPO Stretch: An Empirical and Experiential Analysis [Plus+]

Before on Spend Matters, I highlighted an analysis where, in 12 of 14 manufacturing industries I analyzed, I found negative correlations between Days Payable Outstanding (DPO) and enterprise performance (e.g., debt you may incur to raise cash to invest in high payback initiatives such as B2B trade financing where early payment discounts and/or supply chain finance programs are established). In this Spend Matters Plus article, I’ll dive into the industry details and also provide some additional insights based on some research that we conducted with the Institute for Supply Management (ISM).

Switzerland Again Tops FM Global’s 2017 Resilience Index, But Rankings Have Shuffled

Switzerland has again taken the top spot on the FM Global Resilience Index, which ranks 130 countries and territories according to their resilience to supply chain disruptions. This fourth annual report, released alongside an interactive graphic, cites cyber attacks, natural hazards and supply chain failure among businesses’ most urgent risks today. The no. 1 country may have stayed the same as 2016, but a bit of shuffling took place throughout the list.

Mega Spend Aggregation: 10 Ways to Supersize your Market Basket (Part 2) [Plus+]

category management

In Part 1 of our coverage on this topic, we started our discussion of various techniques to “supersize” your market basket, with an eye toward indirect spend. In this second half, we will now turn our attention to the supply chain for the remainder of the techniques.

Bringing Supply Chain to 100,000+ Students by 2020: Talking to APICS’ Cheryl Dalsin (Part 2)

This is Part 2 in a two-part interview with Cheryl Dalsin, director of APICS’ Supply Chain STEM Educational Outreach Program. In the first half of the interview, we spoke with Dalsin about how the program began with a simple activity on lemonade she did in 2011 with her daughter’s first grade class. The program then expanded, rather serendipitously, through word-of-mouth, while Dalsin was working at Intel. Now she's at APICS, which sponsors the program.

Supply Chain Management for the K-12 Crowd: Talking to APICS’ Cheryl Dalsin (Part 1)

Ask children what they want to be when they grow up, and you’ll get answers ranging from astronaut to teacher to president — but, let’s be frank, it’s not that wide of a range. You probably haven’t heard a child say, “I want to be a supply chain manager when I grow up!” As APICS Director of Academic Outreach Cheryl Dalsin points out, part of the reason is that many adults haven’t heard of supply chain careers either, and it may be more a matter of name recognition than understanding what the profession does.

Deriving Competitive Advantage from a Sustainable Supply Chain

Spend Matters welcomes this guest post from Suhas Apte and Jagdish Sheth, authors of The Sustainability Edge: How To Drive Top-Line Growth With Triple-Bottom-Line Thinking.

The focus of supply chain management has historically been cost reduction and risk management. Therefore, much time tended to be spent on maintaining transactional supplier/buyer relationships that entail dictating supplier policies and mandating supplier compliance auditing. Doing so has only ensured that businesses become incrementally “less bad.”

Blockchain Technology & The Reformation of Procurement as We Know It

Spend Matters welcomes this guest post from Thomas Cherian of GEP.

The reality of blockchains becoming the basic building block of tomorrow’s connected world is fast approaching. According to some, that day has already arrived. A lot has happened over the past year regarding the revolutionary concept of blockchains, which are expected to store an estimated 10% of global GDP in its network over the next decade.

Beware the 4IR and AI — Or Should Procurement Embrace It?

The myriad technological and security risks posed by hacking flow all the way from sensitive government agencies on down to less sensitive national political committees, to corporations and even internal departments such as procurement… and the Internet makes it all possible.

I’m reminded of how everyone viewed the Internet — certainly by the time the year 2000 was coming around, but especially earlier in its nascent consumer-facing days in the mid-1990s, when the talk surrounded regulation — much as we’re talking about the Fourth Industrial Revolution (4IR) and artificial intelligence (AI) today.

riskmethods: A Unique Risk Management Solution for Manufacturers — Year-End Tech Review

risk

This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of key vendors and their solutions in select categories. This week, we’re highlighting companies in the risk management and spend analytics spaces.

Riskmethods, which Spend Matters estimates is the fastest-growing supply chain risk management provider, is more than just a cloud-based provider of supply chain risk management software. It is a new type of supply chain intelligence utility. While the provider is still too small to have a solution that is “going viral,” its growth rate is significant relative to all other vendors in the sector and also a bright spot on the broader procurement and supply chain technology market.

Webinar: Managing Supply Chain Risk — A Sporting Story from Titleist

risk

Only two weeks to go until our webinar with riskmethods. The supply chain risk management provider’s software identifies risk along global supply chains, assesses the risk impact and defines appropriate and focused measures for risk prevention or crisis mitigation. The firm is the perfect partner for our upcoming webinar, titled “Keep your enterprise out of the rough: How Titleist built transparency and increased resilience into their supply chain.”

How ISO9001 Can Help Transform Procurement and Supply Chain

risk

I know what you’re thinking: How can ISO9001 be transformative rather than a hindrance? Of course, you might also be asking, “What the heck is ISO9001?” Let me explain. ISO9001 is a standard that spells out the requirements for a “quality management system” that companies use to show their customers that they can systematically meet their requirements. A quality system is basically about saying what you do and doing what you say.