Tag Archives: IT Procurement

News You Can Use: 3/22/2017

  • How to Keep Kids, Pets, and Other Interruptions From Derailing Your Skype Meetings

    1. Take responsibility for what happened. Don’t pawn it off on other people.
    2. Explain why it happened as gracefully as you can. People find comfort in the “why” of things.
    3. Don’t make it a bigger deal than it is. Your reaction can make it more embarrassing than it already is.


  • How to Use Pocket Casts To Wrangle Your Horrible Podcast Addiction

    I know many visitors on the site listen to the podcast right in the browser, but if you want to take SourceCast with you on the go, and listen to other, much better content, use Pocket Casts – this is the Podcast app I personally use to keep up with the multitude of podcasts I follow.


  • Report: Why Merck turned to supply chain integration to save costs

    Many companies operate, for example, on an established safety stock or production level because that’s the way it has always been done. When it comes to contracting with suppliers and external manufacturers, changes in scale must be justified… a lack of data makes that process difficult.

    The case study suggests Merck & Co. realized this was a problem, and sought to integrate its systems into a single platform capable of both supply and demand planning. The change allowed the company global visibility for all of its finished goods, and segmentation of goods to better determine when exceptions are necessary, for example.


  • The Science of Style and Fashion for Entrepreneurs with Antonio Centeno

    Antonio Centeno of Real Men Real Style grew up in a trailer park, and that experience made him realize just how a person’s clothes can determine your expectations for them. You’d be more wary of trusting a doctor wearing a tye-dye shirt than one wearing a lab coat, and you’d be less likely to answer the door for a cable repair man who didn’t wear a uniform.


    The host is somewhat annoying, but interesting information…

  • Maturity is the key to effective analytics

    Many supply chain professionals report that their organizations have increased their investment in analytics over the last three years, according to a recent APQC survey. This survey looked at the analytics practices of organizations, as well as the structure of these efforts. APQC surveyed supply chain professionals from a variety of organization sizes and regions and from 36 industries. APQC’s analysis found that organizations have several areas of focus for their supply chain analytics efforts, and that most organizations have a formal analytics structure. However, the payoff of these efforts may not be at the level organizations would expect.


Photo: Caroline Hernandez

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SourceCast: Episode 39: Dynamically Static

sn_colorbuilding_Ján Jakub Naništa

As IT companies introduce massive changes to their customers, how does a strategic sourcing department keep up?

Photo:  Ján Jakub Naništa

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News you can use: 7/22/2015


Photo: Nico Time, Flickr

  • The End of Buying and Selling

    Yet buying and selling became central enterprises of business over the course of the last century. Corporations focused on standardization—the Deming ideal—so needs became predictable enough to compare vendors directly, find the greatest price value through the routinized process of request for proposal (RFP), and thereby provide what everyone needed. Buying became the science of squeezing price, sales the art of justifying price, and both functions grew into large organizations. Business is getting too complex and dynamic for centralized buying and selling machines. What’s more, the strategic sourcing initiatives of the past two decades all but erased margins for high-volume suppliers. When the absolute floor is the baseline, there is no need to sell, per se. There is only a need to serve. In fact, there is a heightened need to serve. The only way to differentiate a company is in helping customers profit through the use of products.


  • 7 Mentors You Didn’t Even Know You Had

    You want to build an awesome business right? Then you need to understand how to create an awesome customer experience. Well, you’re a customer too right? Most of what I’ve learned about customer service has been from being a customer. I look at each person or company I buy from as a mentor because they help me create better experiences for my customers by creating a good or bad buying experience for me.


  • McDonalds vow to end deforestation in its global supply chain

    Applying throughout the entire supply chain, the core principles and practices of McDonald’s commitment on deforestation include: No deforestation of primary forests or areas of high conservation value; No development of high carbon stock forest areas and no development on peatlands regardless of depth, and the utilization of best management practices for existing commodity production on peatlands.


  • 83% of supply chain executives report lackluster performance as they struggle to get to grips with effects of globalization

    Supply chains are being held back by the effects of globalization, according to a new survey, with 83% of executives from leading enterprises claiming to see only average or poor performance. Over 60% said this is primarily due to the number of partners involved and the risks this creates, which is in turn limiting their flexibility.



    The two new services include the Order Management Cloud and the Global Order Promising Cloud. Together, they offer order management, visibility and order fulfillment capabilities, the company said. But to go a step further, Oracle’s new services connect businesses’ current sales and order processes in its Configure, Price and Quote Cloud product and their current packing and shipping services in the Inventory Cloud product, all to Oracle’s billing in the Enterprise Resource Planning Cloud.


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The Supply Chain: 2/4/2015


  • Time for CPOs to Focus More on Organizational Costs and Efficiencies Rather than Just Contracted Costs

    He adds that “If we can start eliminating work – by eliminating sacred documents such as the purchase order – as procurement leaders we can move to the forefront of innovation. By cutting costs in administration we can shift our time and talents toward strategic matters, which drive our companies forward.”


  • Story about a retail company deploying DiCentral’s EDI procurement solution:
    Just interesting to read about alternative deployments
  • Procurement increasingly takes a back seat in BCO-carrier negotiations

    Major companies are realizing that their logistics teams bring in-depth transportation knowledge and long-term ocean carrier relationships, across a multitude of cultures, to the negotiating table. Those relationships can have an almost magical effect on the final freight dollar amount and resultant service level,” said Chas Deller, who retired in September as head of global ocean freight procurement for UTi Worldwide and is now a partner in 10XOCEANSOLUTIONS Inc. which advises shippers in contract negotiations.


  • Three tips for better IT Procurement

    1) Learn to navigate a three-tiered global supply chain
    2) Keep up with advances in technology
    3) Use impartial and reliable information to beat a volatile market


  • The best supply chain CEOS
    I am not picking #1 (so you read the article) – here is #3:

    Frederick Smith
    Modern-day legend and proof of the American dream, Smith is the founder of one of the biggest companies in the world. Now a $45 billion interest, the idea for it began during Smith’s three-year stint, 1966-69, as a US Marine, where he observed closely the logistics and procurement of the armed forces and was inspired to start up an overnight delivery service for civilians. He founded Federal Express with his $4 million inheritance (modern equivalent $23 million) and raised $91 million ($525 million) in venture capital in 1970.


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