Tag Archives: Sustainability

News You Can Use: 2/15/2017

  • It’s Time to Go Beyond Supplier Management, But Where is That?

    Organizations these days need more than traditional historically focussed spend analytics that tell them, weeks or months after, what was spent, on what, from whom, by whom, from where, to where, and in what quantity. You need to know what is being spent, by whom, on what in real time … and where the dollars are trending towards. Is a new supplier taking all of the spot buy spend, or even worse, spend that is supposed to be on another contract? Are product and services tastes changing? Are market costs changing? The application has to not only be able to keep up, but identify the most pertinent trends and options for dealing with them … it has to have advanced predictive analytics that, at the very least, identifies the most relevant changes (and ranks them by value or statistics or outlier distance from the expected norm), if not offering prescriptive analytics on how to take advantage of changes, minimize losses, or control them in (historically) well understood situations.

    http://sourcinginnovation.com/wordpress/2017/02/03/its-time-to-go-beyond-supplier-management-but-where-is-that/

  • IT and Functional Departments – Finding the Middle Ground

    Procurement also brings market information (suppliers, price points, service levels) that IT may not be as focused on, but that could be critical to the overall solution. IT groups can at times limit themselves to certain suppliers for system or software solutions, but there may be alternate suppliers that easily integrate, or provide enough value to justify the effort required for working with disparate suppliers or systems. Procurement can bring that perspective forward and champion the needs of the business to balance the costs associated with IT change.

    http://sourcinginnovation.com/wordpress/2017/01/23/it-and-functional-departments-finding-the-middle-ground/

  • Consider Risky Moves by ‘Fear-Setting’
  • How Levi’s is radically redefining sustainability

    Levi’s has always been a leader in sustainability. In 1991, it established “terms of engagement” that laid out the brand’s global code of conduct throughout its supply chain. This meant setting standards for worker’s rights, a healthy work environment, and an ethical engagement with the planet. “It wasn’t an easy thing to do,” Dillinger says. “At the time, we were worried that doing this would drive up our own costs and prices.” In fact, what happened was that these practices were quickly adopted by other companies, who used it as a template to write their own rules. “We were actually leading industry toward new standards,” he says.

    https://www.fastcompany.com/3067895/moving-the-needle/levis-is-radically-redefining-sustainability

  • Don’t Be the Kobe Bryant of Your Office

    It doesn’t matter how productive you are if no one enjoys working with you. Steve Nash, a former NBA player that the researchers found to be particularly valuable at making his teams better, was famous for constantly high-fiving his teammates. There’s never been a direct measure of a “high-five to productivity ratio,” but doling out praise and encouragement seems to be indicative of creating a high-quality team culture, which in turn increases performance.

    http://www.thesimpledollar.com/dont-be-the-kobe-bryant-of-your-office/

Photo: Oliver Cole

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News You Can Use: 12/30/2015

sn_CityWeLove_Brandon Redfern

  • Why you should prioritize a sustainable sourcing strategy in 2016

    Making complex supply chains more understandable. This included providing better traceability, simplifying what is asked of suppliers by using agreed standards and generating better relations with producers.

    Mitigating risk. Rigorous auditing, transparency of origin, and outsourcing assurance of responsible practices to local experts helped companies mitigate risks of sourcing from complex supply chains.

    Ensuring sustainable supply for the whole industry. Several companies noted that by their investment in certification, they were strengthening the reputation and ensuring a sustainable future for the whole sector.

    Meeting consumer expectations. By communicating compliance with sustainability standards, companies said they were increasing consumer awareness of sustainable sourcing and creating market differentiation for their products.

    Reflecting a company’s values and heritage. As well as aligning companies’ goals with their values and maintaining trust, certification also provided a way to engage more deeply with employees.

    http://www.procurementleaders.com/blog/my-blog–guest-blog/why-you-should-prioritise-a-sustainable-sourcing-strategy-in-2016-589190

  • Study finds companies are failing to modernize IT

    If your IT team is already overloaded with work and doesn’t have enough employees to get the job done, you can’t expect them to squeeze successful modernization into their schedules. BPI Networks found that businesses report lacking in application development, software engineering and data analysis; all crucial elements of IT modernization. Not to mention that 82 percent of respondents said that they spend half their time managing emergencies and conducting maintenance, which leaves little time for innovation. Business leaders need to ensure that the right people are recruited and that the money exists for these new hires.

    http://www.cio.com/article/3018436/it-industry/study-finds-companies-are-failing-to-modernize-it.html#tk.rss_all

  • AHOY! Whaling is the new Phishing

    “Emails appearing to be sent from the CEO or CFO are used to trick finance staff into making illegitimate wire transfers to the attackers,” the company said in an advisory. “Whaling emails can be more difficult to detect because they don’t contain a hyperlink or malicious attachment, and rely solely on social-engineering to trick their targets.”

    http://www.fastcompany.com/3054978/elasticity/ahoy-whaling-is-the-new-phishing-is-your-boss-really-your-boss

  • Decide Who You Are, or Have it Decided for You (Podcast)

    Minshew understands how growth can change a company — and not always for the better. In this podcast, she explains how a communicating a carefully-crafted list of core values drives everything from hiring to promotions at the company. She says being realistic — and accountable — to your values can shape what ‘great’ means and keep initiative and experimentation alive. “You have to live your values,” says Minshew. “It’s about execution.”


    http://www.entrepreneur.com/article/254111

Photo: Brandon Redfern

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The Supply Chain: 3/25/2015

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