Hitachi may be best known for producing a huge range of products, from Shinkansen bullet train cars to the most reliable hard drives to the Magic Wand, but under the hood of the massive global organization and its many divisions, there are individuals doing some crucial, if unsexy-sounding, work. As vice president and general manager at Hitachi Capital America Corp., Tom Cross builds out trade and supply chain finance programs for Hitachi companies and third parties. We caught up with him in an email conversation to get his take on the current landscape within the supply chain finance (SCF) sector.more ▸
Spend Matters welcomes this guest post from Nitin Khandelwal, manager, consulting, at GEP.
I am a huge fan of the NBC sitcom Friends. Who isn’t? Such has been the craze of the show and the characters that even after 12 years of the show getting off air, it’s still a part of our daily lives and conversations and it still runs on our TV with high TRPs. There is never a dull moment on Friends, but was the show all about situational comedy? I believe we as procurement professionals have a whole lot to learn from each of the characters on the show.
If you’re on the market for a new procurement job, you may be prepping for an upcoming interview. Maybe you have even Googled “procurement interview questions” to make sure you come ready with the best answers for your potential future boss. We reached out to MRA Global Sourcing, a supply chain management and procurement recruiting firm, to hear what questions they ask procurement job candidates and what the candidate’s answers reveal about their skills and capabilities.more ▸
Earlier this year, we had the opportunity to attend the annual KellyOCG Analyst Day and write about it. One of the main points driven home at Analyst Day and elsewhere was the emphasis on “talent supply chains” in the KellyOCG client engagement strategy. At Analyst Day, something called the KellyOCG Talent Supply Chain Maturity Model or TSCMM was mentioned, but not discussed in detail. Spend Matters therefore followed up to receive a specific briefing on TSCMM.more ▸
Xavier Olivera, Pierre Mitchell and I are down in Nashville this week at SciQuest’s annual Next Level customer conference. This year’s Next Level, the largest one held to date, features a curious mix of attendees from the private sector, higher education and government. It is also host to a mix of exhibitors and sponsors, including a surprising number focused on enabling punch-out catalog models (not to mention Amazon Business, which is also speaking at the event).more ▸
We’ve long written in favor of catalog management as a form of controlling indirect spend. For starters, a catalog-driven approach to controlling buying activities is pretty much standard practice in Europe (for companies that have adopted a technology solution for procure-to-pay activities). In the U.S., spend going through true buyer-managed and supplier-managed catalogs, as a percentage of overall buying activity with P2P platforms and networks, is material. Although, to be accurate, we should also point out that punch-out, web storefronts and marketplaces (e.g., Amazon Business) capture a substantial percentage of spend as well, even though many of these are really catalogs in disguise (in which procurement has less SKU-level control).more ▸
Cognilab, founded in Vancouver in late 2013, is a unique work intermediation platform business focused on enabling social science research (such as psychology) with multifaceted online platform. The company describes its platform as an online laboratory for creating, crowdsourcing and sharing psychology and other social science experiments. By enabling research activities through an online platform, the cost of conducting a research project is significantly reduced.more ▸
Spend Matters welcomes this guest post from Anthony Ryan, head of procurement operations at eir, in which he discusses overhauling the telecommunications company’s commodity structure to the UNSPSC taxonomy.
Our spend analysis process was not easily extensible, difficult to administer and did not deliver the clearest picture of spend. The need for a standardized method to categorize items was obvious, moving to a structured taxonomy such as the United Nations Standard Products and Services Code (UNSPSC) presented a logical solution.
In the first part of this Spend Matters Conversation, Founder and Head of Strategy Jason Busch talks with SAP Ariba President Alex Atzberger about how to understand the digital supply chain. This second installment explores how this relates to procurement and what strategies organizations can implement.more ▸
The future of procurement is digital — but how do we get there? In this first Spend Matters Conversation, Founder and Head of Strategy Jason Busch talks with SAP Ariba President Alex Atzberger about how to understand the digital supply chain and what strategies procurement can use to respond.more ▸
The majority of supply chain organizations have a mobile website or a mobile app, yet far fewer supply chain professionals actually use those mobile technologies. A recent survey of supply chain decision-makers on mobile solutions found many respondents do not feel current mobile technologies meet the needs of users and fail to solve critical pain points of the organization.more ▸
APICS recently launched a new certification program: Certified in Logistics, Transportation and Distribution (CLTD) aimed at professionals in the rapidly growing logistics sector. APICS Senior Director of Professional Development Bob Collins (CFPIM, CIRM, CSCP) answered our questions on why the supply chain management professional association decided to create and offer this new program. Below he also shares information on what logistics, transportation and distribution practitioners need to know about the CLTD certification and what qualifications professionals need to partake in it.more ▸