KraftHeinz Procurement Bends to 3G Capital’s Policies: How’s it Working Out for You?
Several stories came out this week, related to KraftHeinz’s share price, its procurement department, and the fate of its parent company, 3G Capital. First, Fortune reported that the stock price of Kraft Heinz plunged 20% late Thursday after the food giant disclosed […]
More Data is Not Better and Machine Learning is a Grind…. Just Ask Amazon
I had an opportunity to sit in on a lecture today by two experts on Machine Learning from Amazon, during a lecture at UNC. Ed Banti is Director of Software Development, Core AI Amazon, and Pat Bajari, was VP and […]
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 […]
Relational Contracting Part II: Four Numbers to Be Concerned About in Global Economics
Jason Schenker, a worldwide leader in global economic forecasting, brought a spirit of levity and predictive insights to a subject that is often mired in gloom: economics! Jason, who founded the Futurist Institute, commented on some of the major changes […]
Get Ready for the Electronification of Everything …and More Global Component Shortages!
I had an opportunity to speak with some executives this week that are frequently in Asia, negotiating with suppliers of everything from memory, semiconductors, and multiple other types of electronic components. Anyone who is working in this industry knows that […]
Thoughts on Supply Chain Impacts (After Listening to Trump’s State of the Union)
I listened to all one and a half hours of Trump’s State of the Union address last night, and while it was certainly very positive in terms of the economy, it also left me with some unanswered questions about the […]
Resin prices vary a lot more than you think! RTi helps you understand why..
I had a great opportunity to meet with CEO Pete Suerken from Resin Technologies Inc. (RTi), yesterday, and share thoughts on how should-cost models are being actively used to drive improved visibility into the true costs of resin, paper packaging, and […]
Procurement Must Contribute to Competitiveness to Become Relevant!
Procurement is always thinking about cost savings, year over year. But is this really a true measure of competitiveness? So procurement will have a budgeted amount for, say 4.5 cents per unit for a product, when the current price is […]
The Supply Chain Team's Impact on Capital Projects
In industries that are going through a lot of Capital Expenditure investments, including construction of pipelines, LNG facilities, and mining operations, the role of procurement on the success of the organization is somewhat different. The supply chain function impacts a […]
Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition
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 […]