Invoicing & Payment,
Spend Analysis & Benchmarking,
Supplier Relationship Management,
B2B Social Media: Online Supply Communities, Open Innovation, SM B2B Marketing, SM Customer Driven Support
Industry Groups: Construction, Defence & Aerospace, Education, Financial Services, Healthcare, Manufacturing & Automotive, Public Sector, Resources, Retail & CPG/FMCG, Utilities
Categories / Commodities: Business Travel, Capital Equipment, Construction & Building, Electronic & High Tech, Fuels & Lubricants, Managed Print Services, Marketing & Advertising, Metals & Minerals, Office Suppliers, Services Procurement, Transport & Logistics
Procurement People: Careers, Leadership, People on the move, Talent Management
Developing and exhibiting an accomplished range of inter-personal skills has always been one of the key requirements of a leader, particularly so if you are a Chief Procurement Officer (CPO).(Read Full Article)
A survey by consultancy Ernst & Young revealed just 48 per cent of UK firms carry out due diligence on their supply chain, with 30 per cent admitting they had not carried out any checks whatsoever. The survey, which was based on interviews with procurement managers and directors, revealed just 6 per cent of respondents had received notification of unethical activity in their supply chain, while 14 per cent didn’t even know what third party due diligence meant.
Last week CIPS Africa announced the CIPS Competency Evaluation service that will revolutionise recruitment in the Purchasing and Supply profession. The service will help recruiters, both agencies and in-house, to identify the right person for the right job. The process of identifying the most suitable candidates is simplified and accelerated, so ensuring improved efficiency and speed in the recruitment process.
CIPS will aim to co-operate with recruiters, who will use the tool to evaluate the competency of candidates, as part of their normal offering, to clients. Clients that don’t use recruiters can also apply to use the tool which ...(Read Full Article)
The representation of black and minority businesses in the supply chain of South African firms in the liquid fuels sector is in reverse, according to an audit. Oil companies in South Africa have failed to fully comply with the principles of a charter to promote and support black and minority-owned businesses in the liquid fuels sector.(Read Full Article)
CIPS is launching a regional office to bring together its operations in east, west and southern africa. Called CIPS Africa, the move announced today will see the CIPS office based in Pretoria manage the process of bringing together the institute’s 16,000 members across sub-Saharan Africa.The new office will bring together operations in east, west and southern Africa in a move encompassing 16,000 members.(Read Full Article)
The term supplier relationship management sends out the wrong message to vendors, according to a senior buyer at A.P. MøllerMaersk.
“It is not simply a question of procurement managing suppliers. Working with suppliers is a more collaborative effort.”
If procurement doesn’t act as a pipeline for innovation coming from the supply base, a business can die. Or how about another way – if procurement doesn’t listen to suppliers warnings, it can be painfully slow to jump when cracks start to form in the market. When you look at companies that failed, you have to ask: did they listen to suppliers?(Read Full Article)
- It is interesting to see how open innovation has brought a different kind of competition to market leading companies. It is the fight for innovation partners and the strongest innovation ecosystems. In most industries, you have 2-4… (Read Full Article)
Peter Smith recently penned a primer in the area of supplier management, which will be especially useful for those just coming up to speed on the topic and seeking to implement programs to address supply chain risk management and supplier performance management, among other areas. The paper can be downloaded from our research library: Supplier Lifecycle Management: Reduce risk, Improve Performance and drive Supplier Value. Peter frames his analysis by suggesting that the performance of a supplier has a huge impact on an organization's success and will ultimately determine how the procurement function and its leadership will be regarded ...(Read Full Article)
Conversations, not chains. Many organizations still operate by Porter's Value Chain model, where Z follows Y, which follows X. These linear models optimized efficient delivery of a known thing. But this doesn't help us when faster, fluid responses are what we need. Fifteen years ago, The Cluetrain Manifesto taught us that markets are conversations and that was a great starting point. But "conversations" can actually go deeper if you allow them to become central to how you work, rather than leave them on the perimeter of the work. How many companies have figured out how to shift from ...(Read Full Article)
Business has become one of the primary players in structuring the global economy and, by extension, global governance.
With corruption, many business leaders feel like it is something forced on their organization by unscrupulous politicians. But there is both a supply and demand side to corruption. You cannot have a market without both. And business is the supply side.
Every decision to engage in corruption is reinforcing a corrosive and impoverishing practice. Every decision to resist corruption is an effort to forge a new norm for global business.(Read Full Article)
The retailer has launched a system to help it cut cost, waste and risk across its entire supply chain by encouraging its providers to work together.(Read Full Article)
- What are the top procurement performance benchmarks used by CPOs and how effective are they? Measuring procurement performance can be as complex and nuanced as the value that the function can deliver. (Read Full Article)
- by Peter Smith on January 17, 2012 in Procurement Commentary Purchasing Insight, Pete Loughlin’s must-read blog, focuses mainly on purchase-to-pay and e-invoicing matters, but every so often he strays into other, and almost always, interesting territory. Recently he featured this. Frank Rozemeijer, professor of purchasing and supply management at Maastricht University, has done some really useful research in (Read Full Article)
- Technology and procurement outsourcing giant IBM has agreed to buy e-procurement company Emptoris. The acquisition will give IBM access to Emptoris' suite of spend analysis, e-procurement and e-sourcing tools and open up a market it had only limited exposure to. It could also improve efficiencies in its procurement outsourcing division. (Read Full Article)
- I took a quick 24-hour swing to the Bay Area this week, cramming in four separate meetings with a number of old and new faces alike. In one of these meetings, I had the chance to drill into a relatively new spend analysis application in the market. T... (Read Full Article)
- Although procurement has yet to fully grasp the opportunities of social media, there are some leaders that are extracting value from early adoption. These will be outlined in an up-coming White Paper where we report back from our most recent Roundtable on the topic in New York. The PIU is currently conducting its annual CPO Survey, which seeks to understand the full use of social media in procurement. At its core, social media is about communication and collaboration. As a vehicle for collaboration, the informal nature of social media allows for the open discussion of ideas in order to innovate ... (Read Full Article)
- Procurement organizations the world over are transforming themselves to deliver value to their companies – well beyond cost and cash advantages -- while also helping them overcome today’s challenges. Supply market volatility, supply chain disruptions, rising costs of raw materials, and talent shortages are among the thorny issues that confront today’s procurement organizations..... (Read Full Article)
- Electronic Invoicing, invoice automation and supplier/buyer-based network connectivity are topics we've covered in depth on Spend Matters over the years, including a recent background analysis we've published as part of our Compass series research on... (Read Full Article)
- Back in August my colleague Victoria Barnato wrote a blog about how procurement can no longer afford to ignore social media. Two months later it seems that social media is still awaiting the arrival of the CPO. Operational-level procurement professionals seem to be embracing social media but the executive level seems slow to respond. What is holding them back? (Read Full Article)
- I previously shared some of Bruce Richardson's perspectives on expanding the social enterprise from sales, marketing and products through to the physical (and even virtual services) supply chain. I als... (Read Full Article)
Driving Innovation in Customer-Supplier Relationships is becoming a top priority: Reflections on Research and Best PracticesOver the course of the past several years, business leaders have increasingly reported that driving joint innovation with suppliers is critical to achieving their long-term goals and, in many cases, essential for remaining competitive in their industries. Recent data suggests the trend continues -- with 62% of CEOs reporting that their business will look more to suppliers for product innovation in 2012. Vantage Partners recently undertook a study (involving an even mix of approximately 500 buy-side and sell-side respondents) to understand their practices and experiences related to joint innovation. Not surprisingly, 75% of buy-side respondents reported that innovation with their suppliers ... (Read Full Article)
- Perhaps the best-known analyst in ERP and supply chain history, Bruce Richardson, is finally independent again after a stint at Infor. Only a couple of months into this newfound freedom, he's launched a new blog that, well, sounds like the same old B... (Read Full Article)