Tagged Content: L1

2015 Spend Matters Prediction: Happy Millennials

- December 19, 2014 10:03 AM | Categories: Analysis, Procurement

apple-apps-hand-3510-825x550 Our next 2015 prediction: Procurement Technology Being "Millennialized." The millennial generation is coming to procurement in full force. Increasingly, the post-graduate school workforce and recruited talent (let alone undergraduates) are coming from the millennial generation. But how can we keep this demanding bunch happy?

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2015 Spend Matters Prediction: Opting Into Procurement Activities

- December 18, 2014 10:09 AM | Categories: Analysis

13771443167lynm Our next 2015 prediction: Procurement Makes a Big Shift. Far too many procurement organizations service their customers (the business) with a grimace rather than a smile. The more successful ones, however, engage with empathy and influence, rather than brute force. This holds true on the supply side of the equation as well. Here at Spend Matters, we believe in 2015, enablement and democratization will begin to more frequently trump mandates.

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The (Extreme) Complexity of the Food Supply Chain (Waste Matters! Part 5)

clock-pointers-fashion-hands-of-a-clock-1252-525x350 The food supply chain isn’t like other supply chains – it is far more complex. This point became increasingly clear during my recent conversation with Kevin Brooks, senior vice president of Marketing at iTradeNetwork – a provider of supply chain management solutions for the food industry. Kevin told me that in other industries, product orders remain fairly stable – not so in the food supply chain. The clock is ticking, and suppliers need to deliver perishable foods fast, but changes to POs and other issues make that task difficult.

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IBM 2014 CPO Report: Its Biggest Weakness Is Also Its Biggest Strength

- December 15, 2014 6:24 AM | Categories: Analysis, Learning / Research, Procurement Research

file9021244999056 IBM recently released its 2014 Chief Procurement Officer Study, which boasts an impressive sample size of more than 1,000 senior procurement leaders at firms greater than $1 billion in size. Like the 2013 IBM CPO study, it was led by IBM’s internal research group, The Institute for Business Value, and the execution was outsourced to a third party so that respondent details would be confidential and not shared with IBM services groups. The 2013 CPO study was a fairly traditional one - but the 2014 report is different. Find out why.

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2015 Spend Matters Prediction: Innovation

- December 12, 2014 6:24 AM | Categories: Analysis, Innovation

artist-black-and-white-magic-1417-807x550 Our next 2015 prediction: Innovation. Internal procurement activities may generate savings, but they rarely generate ideas – at least when initiatives look inward and not outward. There’s no surprise here. Companies and supply management organizations generally create value in the sourcing and procurement process through tapping supplier innovation from suppliers.

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2015 Spend Matters Prediction: Sustainability – in Europe at least!

- December 11, 2014 10:31 AM | Categories: Analysis, Featured, Sustainability

1400713062x74rg As we kick off our 2015 Spend Matters predictions, we’ll be sharing a bunch of diverse thoughts from our global analyst team throughout the month of December (figure, on average, one prediction per day). Our first prediction for the coming year is that in 2015, sustainable procurement, or procurement driven by “holistic economic thinking,” will become even more closely tied to business models and for that reason, sourcing.

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Lack of Visibility and Other Challenges of the Food Supply Chain – (Waste Matters! Part 4)

- December 10, 2014 10:16 AM | Categories: Supply Chain, Supply Chain Visibility, Sustainability

1361750980b4swc I recently had the chance to talk to Kevin Brooks, who serves as senior vice president of marketing at iTradeNetwork – a provider of supply chain management solutions for the food industry. Kevin has years of experience working with companies in the food and beverage supply chain, and he told me about the many challenges facing the industry that leads to wasted food. Today, I will begin to share my takeaways from this conversation, focusing first on visibility in the food supply chain.

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Supply Chain Risk: The Facility Link

- December 9, 2014 10:04 AM | Categories: Analysis, Supply Risk, Supply Risk Management

file6831280608850 When it comes to supply chain risk, most organizations initially begin by considering the overall risk that a supplier might introduce. But examining supply chain risk at the factory or distribution facility (DC) level can be just as important to understand specific risk factors and interdependencies. The supply chain faculty at the University of Tennessee published a study, Managing Risk in the Global Supply Chain, which suggests that 47% of companies do not have backup plans in place for a factory or DC shutdown.

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Supply Chain Risk: Challenges We’re Ignoring, Solutions We Don’t Know About

- December 8, 2014 10:16 AM | Categories: Analysis, Supply Management, Supply Risk, Supply Risk Management

broken-dangerous-lake-1087-849x550 There is no shortage of studies on supply chain risk (I co-authored my first one in the area roughly 12 years ago). But, it would appear that procurement and supply chain managers are not taking action based on what they read (or chose to ignore). A study by the faculty in the supply chain/operations program at the University of Tennessee, Managing Risk in the Global Supply Chain, published earlier this summer, begins by highlighting what appears to be a lack of attention being paid to the overall supply chain risk equation, including all of the available solutions (such as insurance) that can mitigate risk.

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Supply Chain Localization Rarely a Priority: Our Continued Analysis of DHL’s Global Connectedness Index (Part 3)

- December 4, 2014 6:49 AM | Categories: Analysis, Supply Chain, Supply Chain Management

file0001110809384 One of the somewhat surprising trends in DHL’s Global Connectedness Index is that “Advanced economies have not kept up with the big shift of economic activity to emerging economies.” This might seem surprising on the surface – increasingly larger companies are mobilizing localized supply chains to serve regional global markets. Yet the question remains: Are we doing it enough?

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What Procurement Doesn’t Know Matters – Our Continued Analysis of DHL’s Global Connectedness Index

- December 3, 2014 6:14 AM | Categories: Analysis, Procurement, Procurement Strategy & Planning

file0001684441929 One of the top trends in DHL’s Global Connectedness Index is a movement toward greater connectivity between countries, reversing trends from prior years. The authors note, for example, that “global connectedness started to deepen again in 2013 after its recovery stalled in 2012.” Yet the rise of interconnectivity, as measured by trade, is still tepid.

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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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