Pharmaceutical offshoring makes recalls more costly with more quality headaches
I spent some time working on a study of how offshoring impacts quality issues, specifically product recalls, with a number of researchers at the University of Palermo, led by Manfredi Bruccolori. Our research led to some very interesting findings on […]
The Risks and Benefits of Socializing with Suppliers
I had a chance to meet with a group of supply chain executives at the University of Calgary this week, which included a discussion by Ken Rawson. Ken has over 30 years of experience working in supply management, first with […]
The Lowly Wooden Pallet is a Critical Conveyance in the Supply Chain
In a recent interview, discussions with Patrick Atagi, VP for Advocacy & External Affairs at the National Wooden Pallet and Contain Association (NWPCA) helped to educate me on just how prolific wooden pallets are in the global supply chain. Patrick […]
Master Data System Enables Quick Wins Through Component Standardization
Having a robust master part and master supplier list can yield many low hanging fruit for organizations in the early stages of their procurement transformation. Many of these opportunities can be driven by looking at redundant part numbers, contracts that […]
SCRC Executive Panel Discussion: “Relational Contracting in an Uncertain Ecosystem”
A panel of industry practitioners offered their views on how market trends and technologies are impacting contract management and relational contracting at the latest SCRC meeting on April 19. Thank you to our guest writer, Kirsten Gallagher, from the Global […]
Relational Contracting Part I: MUFG Experiments with Blockchains
“One of the best meetings ever!” This is a comment I hear a lot at the conclusion of every one of our SCRC meetings the past few years. Either we are getting better and better at bringing in some of […]
Relational Contracts Student Insight: Codifying the Deal is Key!
In Part 2 of our blog series leading up to the SCRC meeting this coming Thursday on “Relational Contracting”, we feature a white paper developed by Tracy Burnett, a second year MBA in our online program. Tracy here discusses some […]
Relational Contracts Student Project: Alternative Means to Settling Contract Disputes
As part of the lead-up to our SCRC meeting this week on Relational Contracting, I am featuring the first of five papers by some of our online MBA students who took my relational contracting class. The first of these by […]
Excess and Obsolete Inventory: An Outcome of a Series of Unfortunate Events!
Inventory continues to be a problem for many companies. In particular, inventory that is considered “Excess and Obsolete” often accumulates and has to be dealt with – often at the end of the fiscal year. During tax season, this is also […]
What is Supply Chain Management (SCM)?
What is Supply Chain Management (SCM)? Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and […]