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 […]
Logistics Management (Definition) – What is Logistics Management?
What is Logistics Management? Logistics management is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) through the organization and its marketing channels in such as way that […]
Global Logistics, Q&A with John Camp, Lenovo
Questions and Answers on Global Logistics, with John Camp, Lenovo Big Issues in Global Logistics Rob Handfield (Co-Director of SCRC): Hi, I’m here with John Camp, director of logistic solutions and transformation at Lenovo. John manages a lot of the […]
See: Currency Conversion, Language
Managers must ensure that appropriate personnel receive periodic training with respect to the organization’s ethical and professional standards. Supply managers should ensure that their personnel receive training on current thinking and techniques in the areas of requirements planning, source selection, […]