Category Archives: Supply Chain

Universal Supply Chain Misconceptions or “Global Sourcing Lies”

- February 26, 2015 10:05 AM | Categories: Analysis, Sourcing, Supply Chain

EUSUZ15G11 In a recent Sourcing Journal Online article, Sourcing is Hard, Mike Todaro, managing director of the Americas Apparel Producers' Network, quotes Barbara Zeins, an industry expert that published a short list of “9 Big FAT Garment Lies,” which we might as well call “Global Sourcing Lies,” more generally. Her list of supply chain lies is nearly universal to all industries.

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Supplier Enablement For Trade Financing: Initial Steps

- February 26, 2015 6:26 AM | Categories: Supply Chain, Supply Management, Trade Financing

scrabble-to-do-3299 copy When it comes to trade financing (receivables financing and payables financing), there are numerous elements involved in onboarding and enabling suppliers. These efforts go beyond what we might typically consider for standard procurement and A/P-centric on-boarding processes. As we noted in the last installment in this series here, onboarding often begins with the implementation of a plan “to tier the supply based into logical tranches for targeting – by size, willingness to take a discount, APR rate, risk, geography, industry, diversity status, etc.”

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Supplier Enablement For Supply Chain Finance and Invoice Discounting

- February 25, 2015 6:23 AM | Categories: Finance, Invoicing, Supply Chain

1202141-2590-D31A-404E6034C9DED1CD Given where most procurement and A/P organizations stand in terms of supplier enablement and data quality for existing P2P programs, we can safely assume existing onboarding efforts and vendor data files won’t cut it for trade financing and invoice discounting/supply chain finance programs, in particular. This means that we should not necessarily focus as much on extending previous programs – unless they are truly comprehensive – as much as starting anew.

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Supplier Enablement, Onboarding and Collection Fields: A Brief History

- February 20, 2015 9:54 AM | Categories: Accounts Payable, Invoicing, P2P, Supply Chain, Trade Financing

BD0AC07780 Supplier enablement and onboarding is nothing new. Going back to medieval and ancient times, ventures and organizations did due diligence on their key supply partners – and sometimes, as history has all too often told us, not enough! But in the past few decades, as myriads of regulations and laws have cropped up – not to mention greater general human and consumer interest in who companies and brands do business with based on corporate social responsibility (CSR) factors – organizations have become more diligent in understanding who their suppliers really are.

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Spend Matters Talks to “30 Under 30” Megastar

- February 20, 2015 6:39 AM | Categories: Industry News, Procurement, Supply Chain

two spotlights Late last month, ThomasNet and Institute for Supply Management (ISM) announced the winners of the first “30 Under 30 Rising Supply Chain Stars” recognition program. They partnered up last year to begin taking nominations for exceptional supply chain professionals in the millennial age group. Today, we share a Q&A with the program’s “megastar” winner: Katy Conrad Maynor, Category Manager, Finished Lubricants/B2B with Shell Oil.

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Spend Matters Talks to a Supply Chain Superstar

- February 18, 2015 6:39 AM | Categories: Industry News, Procurement, Supply Chain

two spotlights Late last month, ThomasNet and the Institute for Supply Management announced the winners of the first “30 Under 30 Rising Supply Chain Stars” recognition program. The 2 companies partnered up last year to begin taking nominations for exceptional supply chain professionals in the millennial age group. Spend Matters had a chance to talk to some of the 30 winners chosen. Today, we share a Q&A with one of them: Nicholas Ammaturo, 30, from the retail business group Hudson’s Bay Company in New York City.

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West Coast Port Negotiations Resume Today – Industries Still Brace for Billion-Dollar Losses

- February 11, 2015 9:56 AM | Categories: Industry News, Supply Chain

-cargo-container-ship-in-Rotterdam-The-Netherlands-030214701963034F Contract discussions for West Coast port workers were set to begin again today, 9 months from when they first started. The International Longshore and Warehouse Union and the port operator, the Pacific Maritime Association, continue to disagree over contracts. A federal monitor has recently stepped in, in hopes of sparking some sort of settlement.

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Donations Decreasing the Amount of Wasted Food in Chicago (Waste Matters! Part 9)

- January 29, 2015 6:28 AM | Categories: Supply Chain, Supply Chain Management

13777990626s8em The Greater Chicago Food Depository helps to feed more than 812,000 men, women and children in Cook County, Illinois, each year. One in every 6 people within the county turns to a local food pantry or soup kitchen for assistance. The Food Depository gathers food from local grocery stores throughout Cook County - food that may otherwise be excess supply and therefore wasted - and distributes it to these programs that distribute food and prepare warm, fresh meals for those in need. It's one way some grocery stores in Chicago are reducing the amount they may throw out - by donating it to a worthy cause.

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Syriza Wins in Greece – Is it the Beginning of the End for the Euro?

- January 29, 2015 2:36 AM | Categories: Analysis, Commentary, Supply Chain, Supply Risk Management

500-bank-notes-bills-2112-723x550 The victory of left-wing party Syriza in this week's Greek elections could have far-reaching implications well beyond Greece itself, and at the extreme, could be the beginning of the end for the Euro. It is important, therefore, that anyone involved in procurement and supply chain activities where currencies have some relevance does, at the very least, keep an eye on events and thinks about the implications of the various possible outcomes following the Greek election. However, we should also note that many observers have been predicting the breakup of the Eurozone for at least 3 years now. So nothing is certain.

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Creating a More Sustainable Food Supply Chain, But at What Cost? (Waste Matters! Part 8)

- January 27, 2015 6:22 AM | Categories: Supply Chain, Supply Chain Management

Clouds and corn How do we make the supply chain more sustainable? What changes can we implement to reduce the amount of wasted food? While businesses are clearly losing money either overbuying or underselling their food products, efforts to make changes to the supply chain cost money, too. Would that cost travel down to the consumers? That’s something else businesses need to think about. And would consumers be willing to pay extra for food products from a store that practices sustainable practices?

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Why Are Financial Supply Chains Not Keeping Up With Physical Supply Chains?

- January 13, 2015 6:18 AM | Categories: Finance, Supply Chain, Trade Financing

file00088836384 Financial supply chains and global capital flows are highly complicated. So, too, are physical supply chains. Yet the way cash flows around the globe is actually quite antiquated compared to the flow of goods and materials (and the information trail that can enable better procurement and supply chain management compared with trade financing). In the white paper, “On-Demand, Event Triggered Finance With Network Models – A Game Changer?,” my colleague David Gustin captures this idea when he notes that, “In many industries, the financial supply chain has lagged behind the advances made by the physical supply chain by a decade.”

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Supply Risk Management 2015 (Part 3): Seizing Leadership and Learning From Example

- January 12, 2015 2:23 AM | Categories: Supply Chain, Supply Risk, Supply Risk Management

As we conclude our examination of collected leadership, tactic and management lessons from top supply risk management programs, we explore the role of technology (and why there is no such thing as a “supply risk management software market”), extending enterprise risk management into the supply chain, why no silver risk bullets exist and how to frame the problem for maximum effect. This 3-part Spend Matters PRO brief, co-authored by Spend Matters Chief Research Officer Pierre Mitchell and Spend Matters Vice President of Research Thomas Kase provides an outlook on how best to manage supply risk programs. Thomas and Pierre, combined with Jason Busch, Spend Matters founder and managing director, have tackled supply chain risk for over a decade in their research. The 3 collectively bring 50 years of experience to exploring the intersections of procurement, risk management, supplier management and the supply chain.

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