SUPPLY CHAIN RESOURCE COOPERATIVE

Category Archives: Procure to Pay

  1. In my earlier book with Gerard Chick on “The Procurement Value Proposition“, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key.  Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers […]

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  2. Recent articles in the New York Times and in the International Business Times highlight the emerging role of blockchain as a key enabler of improved integration between parties in the extended global supply chain.  For instance, IBM and WalMart are partnering to begin tracking The blockchain — the buzzy, bewildering technology behind cryptocurrencies like Bitcoin — […]

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  3. I was interviewed at the IBM Emptoris conference back in November on some of the emerging trends in terms of the value added that procurement can add through analytics, the importance of data governance as the foundation for analytics, sources of data for creating  cognitive analytics, and the rise of Big Data and the possibilities […]

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  4. Great news this week for NC State as SCM World announced its top 25 supply chain management programs globally.  The NC State Supply Chain program was listed as one of the top 25 programs in the world, which says a lot about the dedication and work of our faculty and students over the past few years. […]

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  5. Contract management analytics are critical for tracking transactional compliance with contract pricing, terms and conditions, but also as a vehicle for workflow management around negotiation of contract renewals, and aggregation of supplier performance data on service level agreements, delivery, quality, and service performance. Transactional data must be rolled up to ensure suppliers are providing the requisite […]

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  6. The number of workers who are “contingent is growing rapidly.  Brian Hoffmeyer from IQ Navigator, a procure to pay solution, spoke today at IBM’s Empower event on this trend, and the implications for procurement.  I had the opportunity to sit in on this presentation and get some takeaways… Several factors are driving the move towards […]

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  7. This month’s Inside Supply Management published by the Institute for Supply Management features an article announcing the launch of a study being undertaken by the Center for Advanced Purchasing on the evolution of procurement analytics.  I am leading the study along with Tom Choi and two of our students, Jaikishen Venkitaraman and Shweta Murthy, working at the SCRC. The […]

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  8. A recent visit to a mid-sized hospital in the Northeast United States provided a number of important insights into how is great a problem material handing data integrity is in the daily life of those people who work in operating rooms across the country. The nurses, buyers, surgical techs, operating room specialists, and physicians who […]

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  9. I had the opportunity to attend the Procurement Leaders in San Francisco forum two weeks ago, followed by attending the ISM Carolinas-Virginia meeting in Winston Salem last week.  Procurement analytics was discussed at length at both sessions. Several key takeaways emerged from the discussion with executives, which represented a wide array of companies including AARP, Roche-Genentech, […]

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  10. Jason Busch provided a great view on Block Chains, and their impact on the future of funds in the supply chain, at the Global Procurement Tech Summit in Baltimore. Jason started out by discussing the fact that a company ledger is just a source of truth. Because we are having more and morecomplexity in our […]

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  11. The concept of supply chain transparency and velocity is based on two essential elements of technology: 1) The rapid digitization of the supply chain, and 2) the rise of real-time information enabled by technology. Digitization allows people in organizations to speed things up – and provides greater visibility to what is going on in an […]

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  12. The December 2015 SCRC meeting was held this week in the brand spanking new Talley Student Center, and was a resounding success.  We had over 200 people attend the student poster sessions on Monday, and almost 130 executives, students, and faculty attending the fantastic sessions on Tuesday. After highlighting some of the results from the […]

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  13. I will be leading a webinar with the Sourcing Interest Group next Nov. 12 at 2 PM, based on a study I have been working on with some folks at IBM.  The webinar will also include Howard Richman, a colleague I have known for many years, first at Merck, and now working at Citrix as […]

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  14. I was recently involved in a survey of best practices in establishing a diverse supply base.  The most important and common method for driving diversity objectives in the survey (in 73% of firms)  involves explicitly building in diversity as an objective into sourcing processes. It is not uncommon to find that sourcing managers do not […]

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  15. I have been interviewing a number of CPO’s on the subject of procurement analytics and predictive analytics.  In this discussion, an issue that frequently comes up is the debate over spend analytics and contract management systems. For organizations in the early stages of procurement transformation, which ones are more critical.  And how important are systems […]

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  16. Every fall, Betty Minton and Bill Collins (my trusted and capable student project advisors) and I play a game of musical chairs.  The challenge involves matching a group of bright, eager, and hungry young MBA and engineering students to a group of projects identified by a group of companies, through the now well-established Supply Chain Resource […]

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  17. I participated in the Diversity Alliance 4 Science event last week held in Newark, NJ.  For those of you who don’t know, this is a fantastic event held by most of the major life sciences companies, to encourage networking and open collaboration with a host of small, minority-owned, women-owned, and veteran-owned businesses.  Life Science companies […]

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  18. I had the pleasure and honor of attending the 2nd annual Supplier Forum, hosted by Union Gas & Spectra Energy in Hamilton, Ontario at the end of April.  The meeting was intended to bring together senior executive’s from Union Gas’s top 100 suppliers, in a forum to open discuss how to drive improvement in the […]

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  19. A group of my MBA students are working on a project benchmarking vendor profiling approaches.  If you’re interested in this topic, be sure to take the survey. The goal of the study is to Understand different information companies ask from suppliers Identify industry classification codes for categorizing suppliers Compare your company’s supplier profiling practices to […]

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  20. The leading IT magazine, CIO Review,  today published a special issue on supply chain transformation, and included an article I wrote on spend management as a core capability. Rather than striving for “perfect data” in all supply chain systems, my research suggests that primary efforts should be focused on the most fundamental yet most critical form […]

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  21. I was recently interviewed by Jon Hansen on Blog Talk Radio, discussing my new book “The Procurement Value Proposition” co-authored with Gerard Chick.  In the interview, I discuss some of the major changes going on in the procurement area, and how we are at a crossroads for driving change. Gerard added a great blog post […]

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  22. Had a great time today speaking at the ProcureCon conference in Phoenix today, and spent a good deal of time talking to a number of the different solutions providers in the vendor area. I was amazed at the speed and convenience of the technical solutions emerging in the procurement area, based on the discussions I […]

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  23. Supply management research has established the axiom that firms are no longer operating independently, but indeed are part of an extended global network that is subject to high degrees of volatility, increasing customer expectations, and is subject to major forms of disruption risk. However, what is not well understood is whether supply manager behaviors have […]

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  24. Direct conversations through on-site engagement with different lines of business is the most direct and effective means of understanding how sourcing processes are occurring today, as well as understanding how the sourcing need evolves and is expressed to suppliers.  The initial approach should be selected based on the greatest likelihood of success, not necessarily the […]

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  25. I was fortunately enough to have a fascinating discussion with Steve Zimmer, who currently leads a team at US Car.  For those who may have been around for a few years, Steve was the architect of the Extended Enterprise concept pioneered by Chrysler during the years of 1989-1998.  The origins of the Extended Enterprise went […]

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