- FDA tells hospitals to ditch IV pumps that can be hacked remotely
This is the world of the “Internet of Things” (IoT)The Food and Drug Administration “strongly encourages” hospitals to stop using Hospira’s Symbiq Infusion System, because it’s vulnerable to cyberattacks that would allow a third party to remotely control dosages delivered via the computerized pumps. Unauthorized users are able to access the Symbiq system through connected hospital networks, according to the FDA and the Department of Homeland Security’s Industrial Control Systems Cyber Emergency Response Team. ICS-CERT reported the vulnerability on July 21st and the FDA released its own safety alert on Friday, July 31st.
http://www.engadget.com/2015/07/31/fda-security-warning-hackers
- Formality The Key To Supplier-Enabled Innovation
So, in my mind, two things must happen for CPOs to begin their journey into SEI. First, they must convince themselves of the scale of the opportunity that exists. And, second, they must convince the rest of the senior team the same. It sounds simple, but a formal programme can only be put in place with the backing of key stakeholders, a significant financial investment and patience. Get it right, however, and the returns will be career defining.
- 7 Habits to Work Proactively, Not Reactively
(Hmmm… who am I sending this message out to *cough**spoons*cough*)
Try not to overthink. Just DO.
If you over-think, a 5-minute email could take 30. A few additional Powerpoint slides could take half a day. We tend to overthink when we feel insecure. So shift into a vibe that allows your inherent awesome instinct and abundant intelligence to do its natural work and just get it done. As the saying goes, “Done is better than perfect.”http://www.entrepreneur.com/article/248866?ctp=BizDev&src=Syndication&msc=Feedly
- The Unlikely Source of Your Next Big Breakthrough
Get to know your own backyard. We all have an extensive network of supply-chain support — from our Internet providers to our credit cards, banks, and other financial-service systems to the couriers who send and deliver our packages. Most of us have only a cursory understanding of what these people can actually do for us. We may know the main benefits of these programs, but we remain in the dark when it comes to knowing how they can enhance our innovations. Build relationships with your support teams. Make calls and sight visits to these places. Educate yourself about the capabilities of your supply chain. What you learn will likely surprise you.
Go to show-and-tell events. There are tons of innovation sources in supply-chain sectors of all kinds, but you won’t know about them if you’re not exposed to them. Attend information fairs and showcases hosted by universities, governmental organizations, and trade associations. Meet new people, ask tons of questions that speak to your particular needs. Talk to the people you travel with and listen to the solutions they’ve conjured up for their situations. You may be able to reapply them to your organization. Remember that these forms of communication are not limited to your competitors or the individuals in your industry but open to people in all areas closely and remotely related to your own.
http://www.huffingtonpost.com/jeff-degraff/the-unlikely-source-of-yo_b_7880176.html
- Google will now tell you when a restaurant is too busy
This is amazingA new feature in Google will show users when local restaurants are booked up and stores have the most foot traffic. The Google Search tweak is rolling out today on mobile for some users, and shows graphs—presumably based on geolocation from smartphones—indicating when a given venue is busiest during the day.
http://www.fastcompany.com/3049165/fast-feed/google-will-now-tell-you-when-a-restaurant-is-too-busy
- Three things that make CEOs stupid
Power, of course, is the first problem. When things are going fairly well, the CEO has a ton of power, and often, that power makes things appear to work, even when they’re not the right thing to do for the long-term. As a result, there’s no market that is correcting the bad decisions, at least not right now.
http://sethgodin.typepad.com/seths_blog/2015/07/three-things-that-make-ceos-stupid.html
- The Walking Dead’s Robert Kirkman on career pivoting…
http://www.fastcocreate.com/3049162/creation-stories/robert-kirkman-creation-stories?partner=rss&utm_source=feedly&utm_medium=webfeeds
Infographic: What is Supply Chain Management?
News you can use: 7/15/2015
Photo: Thomas Hawk, Flickr
- CEO Pay Has Risen 90 Times Faster Than Average Worker Pay Since The 1970s
Defenders of outsized executive pay argue CEOs get what they deserve: that their performance justifies the huge outlays. But the paper doesn’t find much evidence for it, at least in the aggregate. Between 1978 and 2014, the stock market rose only about half as much as CEO pay did. And CEO pay has been rising across the board, both at companies that have been doing well and those that haven’t.
- Workday is creating a supply chain tool for the healthcare industry
“Health care providers are dealing with a significant amount of complexity,” said Workday Vice President of Industry Strategy and Alliances John Webb. “New regulations, industry consolidation and a shifting patient relationship are changing the way they manage their organizations. With Workday, health care providers will have the people, financial and supply chain insights they need, all in one system built on a flexible foundation from which they can continually adapt and grow in a dynamic industry.
- 4 Surefire Ways to Grow Your Circle of Influence
1. Do what you say. Nothing erodes personal credibility faster than a lack of trust. Building trust is fundamental to increasing your circle of influence. If you possess the skill to execute project A and the will to do so ethically, then others’ trust in you will increase. Just be consistent because once you break that trust it’s like taking a piece of paper, wrinkling it up and then trying to flatten it out again — it never actually returns to its original state.
http://www.entrepreneur.com/article/248220?ctp=BizDev&src=Syndication&msc=Feedly
- LOGISTICS COSTS ARE UP, BUT SO ARE WAYS TO MANAGE THEM
But the most prominent reason for rising supply chain management costs, researchers found, was transportation. According to the CSCMP, transportation costs increased by 3.6 percent last year due to larger shipment volumes, the emergence of same-day delivery models and the continuing adoption of eCommerce. These trends are forcing warehouse management strategies to change and have largely led to the adoption of warehouse management Software-as-a-Service solutions.
http://www.pymnts.com/in-depth/2015/logistics-costs-are-up-but-so-are-ways-to-manage-them/
- How I Broke Through My Own Mediocrity
The mediocre entrepreneur doesn’t “Blink” in the Malcolm Gladwell sense. In Gladwell’s book he often talks about people who can form snap correct judgements in two or three seconds. My initial judgement when I meet or even see people is this: I hate you. And then I veer from that to too trusting. Finally, after I bounce back and forth, and through much trial and error, I end up somewhere in the middle. I also tend to drop people I can’t trust very quickly. I think the great entrepreneur can make snap judgements and be very successful with it. But that doesn’t work for most people.
http://lifehacker.com/how-i-broke-through-my-own-mediocrity-1716887232
- Small Cloud Providers Serve Supply Chain Management Market
The SCM market is highly fragmented. The top 10 vendors have about 55% of the market, with the remainder split among 57 vendors. These 57 experienced average annual revenue growth of 9.6%, indicating strong demand for specialized offerings that are competitive with, and sometimes complementary to, the larger providers’ products.
http://www.ebnonline.com/author.asp?section_id=1084&doc_id=278076
Video: The banana supply chain
The Supply Chain: 1/12/2015
- What is the most crucial goal for supply chains?
To be sure, the pursuit for lower-cost materials and more efficient logistics are very important to industries of all kinds today. But reliability of supply and precautionary redundancy have prompted firms in industries ranging from basic materials like steel and chemicals to high technology, to establish supply networks across the globe.
http://www.propertycasualty360.com/2015/01/08/what-is-the-most-crucial-goal-for-supply-chains
- Collaborative Sourcing: Cutting through bureaucracy:
“Rightly or wrongly, perception can sometimes be more important than reality, especially in large organizations. Trying to argue procurement’s case in a mire of organizational misconceptions is like complaining about your opponent who turned up to the gunfight with his pistol while you turned up with a knife.” In other words, the shift towards cooperation is one that comes through gradual acceptance, not stubborn debate. However, there are some steps procurement teams can take today to get the ball rolling.
http://www.strategicsourceror.com/2015/01/the-zen-of-collaborative-sourcing.html
- IKEA Unleashes Bean Counters For ‘Procurement-Led’ Agency Review
This week IKEA is reaching out to agencies for what it calls a “procurement-led” exploration of agencies. While the brand is said to be perfectly happy with its incumbent agencies, Vizeum and Mother, IKEA UK and Ireland Marketing Manager Peter Wright said: “We continue to work happily with our agencies but, to be expected for a multinational organization, our procurement team occasionally reviews suppliers of marketing services.”
- Podcast: Joe Petriello – Procurement attorney (Federal procurement focus, but good information)
http://www.federalnewsradio.com/412/3775324/Joe-Petrillo-Procurement-Attorney-Petrillo-Powell-PLLC - Eliminating department clashes:
For those who missed the previous overview of the IT/Procurement Collaboration discussion, this presentation will expand on the benefits of supplementing internal IT resources with Procurement’s expertise to solve both sides’ challenges. Following a Source One survey in 2012, we were able to gather that 40% of procurement professionals believed they offered “Little to no value” to their organization’s IT department. Contrary to the thoughts of these 40% polled, strategic sourcing’s role in IT departments allows the maximum value achieved from IT budgets. With the often unclear software packages and complex maintenance terms, IT experts can inform Sourcing of the intricacies of technical portions of buying decisions while Sourcing can use that information to best analyze agreements and pricing structure.
http://www.strategicsourceror.com/2015/01/get-rid-of-departmental-clashing-once.html