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    1. Internet kills the P&G marketing star

      Explore Procurement Blog (Feb 3 2012)

      The world's largest advertiser, Procter & Gamble, has always been used as bit of a bellwether for the health of the marketing and advertising sector. This is no wonder. Spending upwards of $10bn every year on advertising means that depending if P&G swells or reduces its coffers, advertising agencies and marketers will either run for the hills or reach for the champagne as a result. Even the budget remaining static is enough to make a few headlines.

      An article on Business Insider, quotes CEO Robert McDonald saying that the growth in advertising will slow and that alternative advertising opportunities ...

      (Read Full Article)

    2. Slow ships and the wages of volatility on supply chains

      Explore Procurement Blog (Feb 2 2012)

      Yesterday, the Baltic Dry Index, a benchmark that measures the price paid for shipping dry goods, such as iron ore and corn around the world plunged to a 25 year low. For those with high shipping costs this will come as good news but for shipping organisations this spells trouble and a leap to cost-saving methods. But maybe it's time for a re-think.

      (Read Full Article)

    3. Sustainable Sourcing: What is the financial imperative for cutting carbon in the value chain?

      Explore Procurement Blog (Feb 2 2012)

      Many business leaders, particularly CFOs, have seen the financial benefits of cutting emissions in their own organisations. However, when it comes to dealing with carbon emissions generated upstream by suppliers and downstream by customers, there’s a different story to tell: currently, fewer than half of multi-nationals (40%) are addressing these indirect carbon emissions, so are missing out on reaping considerable cost savings.

      (Read Full Article)

    4. How to Leverage the Networked Economy

      Explore Procurement Blog (Feb 2 2012)

      Today, we are experiencing another step change in IT-generated productivity. Thanks to mega-shifts in how technology is delivered, accessed and used, we are now more connected, more enabled to share and more enabled to make more informed decisions than ever before.

      Collaboration is rapidly becoming the new core competency. This is particularly true within purchasing, which is in position to drive significantly greater value though improved collaboration with suppliers, other internal functions and with peers across companies and geographies.

      (Read Full Article)

    5. The India IKEA puzzle: Is procurement too reliant on global sourcing?

      Explore Procurement Blog (Jan 31 2012)

      Consider this – the Indian retail market is worth billions and western retailers could conceivably make a killing if they could find the stomach to comply to the Indian Government’s restrictions – so why aren’t they? There’s a simple answer on the face of it, but perhaps there’s something more going on and I think it’s worth asking whether businesses aren’t ready to review their appraisal of their global supply chain strategies.

      (Read Full Article)

    6. The Friday Digest: Tough sourcing decisions the world over

      Explore Procurement Blog (Jan 27 2012)

      This week has seen the Chinese welcome in the New Year, President Obama talk about onshoring and Europeans (the Swiss, to be precise) welcome the crème-de-la- crème of the business world for the World Economic Forum. For procurement, there’s been plenty to watch, especially from a global sourcing perspective. (Read Full Article)

    7. Sustainable Sourcing: Is volatility making us lose sight of the problem of scarcity?

      Explore Procurement Blog (Jan 26 2012)

      Keeping sustainability in sight isn’t always easy, it’s often regarded as one of those ‘nice-to-have’ aspects of business that can fall away when the going gets tough. I believe that exaggerated commodity volatility isn’t going to go away any time soon, and if that’s true, perhaps there’s a danger that sustainability goals suffer in a climate of risk. Companies aren’t powerless to react to these obvious long term issues, but it needs a different way of thinking. (Read Full Article)

    8. Supply chain risk: a crucible for tomorrow's CPOs

      Explore Procurement Blog (Jan 25 2012)

      The World Economic Forum; a summit for anxious people to talk about an anxious world. So while we’re at it let’s indulge in a little bit more doom and gloom. Some of the messages coming from Davos pertain to procurement, but make no mistake, no one is talking about what a good job everyone is doing – more that businesses need to do more in tackling risk in the supply chain. (Read Full Article)

    9. Shortening commodity cycles will place emphasis on SRM

      Explore Procurement Blog (Jan 25 2012)

      I recently read an article about tin producers in Indonesia and the problems they have faced over the past few months because of falling prices. An aspect of this story got me thinking about procurement's relationship with key suppliers and what happens during a difficult patch - the likes of which many industries will be familiar with at the moment. (Read Full Article)

      Mentions:   Indonesia

    10. Chinese New Year Resolutions

      Explore Procurement Blog (Jan 24 2012)

      Welcome to the Year of the Dragon. If you’re a global company, or likely even if you’re not, you can’t ignore the immense influence that the Chinese economy will have this year. But it’s certainly a complex picture and there are various trends which will merit real attention for those wanting to stay ahead of events in the Far East. (Read Full Article)

    11. Paul Teague: Best-value sourcing - pure capitalism

      Explore Procurement Blog (Jan 23 2012)

      The most frequently heard four-letter word in the US today is JOBS! Voters polled during this election year say jobs are their most important concern, since so many of them and their fellow citizens are out of work. The much-watched unemployment rate is at 8.5%. And so, Democrats and Republicans are offering differing approaches to bring that rate down. Insourcing manufacturing, naturally, is part of the discussion. (Read Full Article)

    12. Supply chain integration - Selecting the right partner at the right time

      Explore Procurement Blog (Jan 20 2012)

      “Knowing your customers” and “integrating with your suppliers” are two common business mantras these days. Both customers and suppliers can provide you with new ideas, whereas suppliers can also help with their technical development. Integrating both in new product development therefore makes a lot of sense. (Read Full Article)

    13. Apple shines the spotlight on suppliers. Why now?

      Explore Procurement Blog (Jan 16 2012)

      Is this Apple bowing to external pressure? Is it a statement of intent from Apple's new CEO Tim Cook? Whatever the reasons, the fact that Apple has decided to publish a document listing 156 suppliers that, between them, account for 97% of its direct costs has created headlines around the world. It's not just procurement and supply chain magazines that are interested in this, so are the Financial Times, the Los Angeles Times, the BBC and most other major newspapers around the world. (Read Full Article)

      Mentions:   Apple   Financial Times   Tim Cook

    14. SRM pays off - just ask American Airlines

      Explore Procurement Blog (Jan 16 2012)

      Bankruptcies may be examples of the “creative destruction” that rejuvenates capitalistic economies, as some say, but they are nevertheless unpleasant affairs for lenders, employees, and suppliers. They also can be learning experiences. For procurement, one of the lessons is the importance of supplier relationship management and the American Airlines bankruptcy is a case in point. (Read Full Article)

    15. The next metal battle

      Explore Procurement Blog (Jan 13 2012)

      The London Metal Exchange (LME), one of the world’s most widely known and used metal exchanges, has had something of a tough year, beginning when some of world’s biggest users of aluminium, including Novelis, complained about the LME's warehousing strategy and how this was artificially inflating prices. (Read Full Article)

      Mentions:   London Metal Exchange

    16. India opens for business, but watch out

      Explore Procurement Blog (Jan 11 2012)

      Back in late November, the Indian government announced plans to open up its $450bn retail sector to foreign companies before, a few days later, backtracking and putting them on hold after strong opposition from politicians, concerned about the impact on local traders. (Read Full Article)

    17. Flying high on supplier influencing capabilities

      Explore Procurement Blog (Jan 6 2012)

      If you were to ask your average procurement professional to name a company that should be held up in lights in terms of supply-chain excellence, few would likely mention Boeing. After all, the failings of it's Dreamliner 787 project is now a chapter in every business book - a case study about the inherent risks of supply chain, inventory management and product assembly. (Read Full Article)

      Mentions:   Boeing

    18. A look ahead at the commodity markets in 2012

      Explore Procurement Blog (Jan 6 2012)

      What does 2012 have in store for commodities? It's a question that, as we begin a new year, is at the very top of many peoples' thoughts, particularly after the volatility that was such a feature of 2011. (Read Full Article)

    19. Looking at the big picture

      Explore Procurement Blog (Jan 6 2012)

      Thought Leaders is a series of regular posts by experts from across industries and regions, looking at the issues procurement faces today. In this post, the Procurement Intelligence Unit's Jon Webb looks at why the world finds itself in such economic turmoil and how a revolution in the area of risk management is required. (Read Full Article)

    20. Improving supplier relations through Agile

      Explore Procurement Blog (Jan 4 2012)

      One of the challenges for any procurement or sourcing department is how to drive value creation from supplier partnerships. The reality is that organizations are nothing more than the collective capacity of their people, and their ability to make decisions and deliver improvements in a way that creates value for their customers through products and services. So, to create value within any project, change management or business transformation scenario, people need to be empowered to make the best decisions to meet the expectations of the environment. In order to do this, everyone needs to be focused on the outcomes. (Read Full Article)

    21. 2011 Commodity Markets In Review

      Explore Procurement Blog (Jan 3 2012)

      The 2011 commodity markets can be summed up in one word – volatile. It is by this that procurement will remember its dealings in commodities as natural disasters, political up-risings and economic strife shook markets to the core, sending prices on a rollercoaster ride. (Read Full Article)

    22. Common sense in supplier-compliance monitoring

      Explore Procurement Blog (Jan 3 2012)

      This month, California’s Transparency in Supply Chains Act goes into effect, requiring companies of a certain size doing business in that state to disclose their efforts to end slavery and human trafficking in their direct supply chains. Ending those practices is certainly a worthy goal, and it could be that legislation requiring companies to ensure that none of their suppliers engage in those practices is the best strategy. (Read Full Article)

      Mentions:   California

    23. Commodity watch: Palladium leads post-Christmas rebound

      Explore Procurement Blog (Dec 29 2011)

      Despite the reduced trading week due to the Christmas break there were still a number of significant and interesting moves across the markets as the price falls of the past few weeks begin to level off. (Read Full Article)

    24. Thoughts on 2012

      Explore Procurement Blog (Dec 28 2011)

      The week between Christmas and New Year is traditionally a great time, personally and in business, to reflect on events of the past year and to set in place strategies to ensure that the worst of those events don’t happen again. It’s also a good time to reflect on what opportunities the future may hold so you can take advantage of them. (Read Full Article)

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