COVID-19 Highlights the Importance of Agility for Supply Chains
This article was originally posted on April 6, 2020, on NC State News. Editor’s Note: This is a guest post by Tim Kraft, assistant professor of operations and supply chain management in NC State’s Poole College of Management. The recent COVID-19 crisis has […]
Perspectives on the Global Trade Environment: A Panel Discussion
On December 5, 2019, we held a panel discussion that focused on different perspectives related to global trade. As the global environment is shifting based on political debates, EU/British negotiations, tariffs driven by the Trump administration, as well as the […]
Pierre Mitchell of Spend Matters: Delivering Value in the Face of VUCA
Variability, Uncertainty, Complexity, and Ambiguity (VUCA) – these are the conditions of the “new normal” set of operating conditions faced by most firms today in their value chains. When one layers on top of this the challenges of navigating one’s […]
Supply Chain Predictions for 2018: Real-Time, Innovation, Cognitive, Blockchain, Industry-Academic Partnerships, and Taking a Stand!
I had an opportunity to work on a number of exciting projects this past year, and in the process, spent a lot of time talking about digital supply chains with a lot of really informed people. Here are a few […]
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 […]
Sales Can Use RACI Charts to Understand Procurement… and vice versa!
RACI Charts have been around for years, yet are often discounted. RACI stands for Responsible, Accountable, Consulted, and Informed – which refers to the relative governance structure that exists in an organizational relationship. Although RACI “charts” are often viewed as […]
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 […]
Learning to Work with Machines That Learn What the Experts Know
It is no secret that future generations of managers are being asked to learn all about the different processes in the end-to-end supply chain, and be able to come together with others in a fast action plan when a disruption […]
SCRC Meeting: Mapping the Road Ahead in a Time of Daily Disconcerting Tweets
This week we announced the theme of our upcoming Supply Chain Resource Cooperative meeting. The theme of the meeting, “Mapping the Road Ahead in Uncertain Times”, brings together a number of industry experts to share insights and develop some thoughts […]