Articles

Handling Emotionally Challenging Situations at Work: Somatic Activities

Without a doubt, work can be emotionally challenging. Clients can be demanding, projects can be pressure-filled, colleagues can do things that get on our very last nerve, and tempers can start to flare up all around us. And there can be mom [...]

How to Implement Vendor / Supplier Managed Inventory

This article will address the following approaches and practices that will permit you to successfully put into practice this powerful tool.Reminder of BenefitsNeeds/assessmentImplementation practicesCreating an agreementBefore we ge [...]

An Overlooked Procurement Tool: Vendor / Supplier Managed Inventory

QUESTIONS:We need to ask ourselves some questions before proceeding:What are our intentions?Reduce workload to concentrate on high-cost items?Reduce inventory and cost of business?What are the critical materials/processes?Need c [...]

AN OVERLOOKED PROCUREMENT TOOL: VENDOR/SUPPLIER MANAGED INVENTORY (V/SMI)

WHAT IS THIS TOOL?This tool has been around for many years. It has evolved since the early 20th century. It was a stock replenishment methodology for retail enterprises. It then evolved into “System Contracting” methodology for standa [...]

Strategy, Strategy... Who has the Strategy

Has this thought ever occurred to you? Have you had discussions in yourorganization about “What ever happened to the strategy that we completed 3years ago?” Or “Do you know where we stand with our strategy? Have wemade any progress?” [...]

Time to Prepare for Your Strategy Discussion

Taking the time to effectively plan for that discussion will be critical in meeting the objectives of your discussion.Depending on the size of your organization, a successful strategy discussion will include finding a day and time when the [...]

Risk Management Process

What we will discuss in this article are the tools and respective functionality we need to consider employing. Each of the following steps make up the RISK MANAGEMENT PROCESS:Risk IdentificationRisk AnalysisRisk EvaluationImplement an Actio [...]

Process View of Supplier Risk

What we will discuss in this article are the tools we need to use in the application of the RISK MANAGEMENT PROCESS (which is the fifth and last article in this series). The graphic/slide denotes the elements of ACTION – We need trained PEO [...]

Risk Management in Procurement

In case we’ve forgotten, let’s define what RISK IS:Webster’s Dictionary: Exposure to the chance of injury or loss.APICS/ASCM: Decisions and activities that have outcomes that could negatively affect information or goods/services within [...]

Hot Topic: Project Management Skills

I’m not sure if you noticed, but over the last several months, project management hasbeen a very hot topic! Project management is being discussed in articles, books,interviews, surveys and reskilling programs around the globe. Ironicall [...]