Articles

Global Procurement Best Practices - Employing Collaboration Via Strategic Sourcing

COLLABORATION VIA STRATEGIC SOURCING:This article is the second (2nd) of four (4). The titles are:TODAY’S ISSUES & ENTERPRISE ALIGNMENTEMPLOYING COLLABORATION VIA STRATEGIC SOURCINGPROCUREMENT, COST & LEVERAGING TECHNOLOGYRISK MANAG [...]

Global Procurement Best Practices - Today's Issues and Enterprise Alignment

INTRODUCTION:This will be the initial article of four (4). The titles are:TODAY’S ISSUES & ENTERPRISE ALIGNMENTEMPLOYING COLLABORATION VIA STRATEGIC SOURCINGPROCUREMENT, COST & LEVRAGING TECHNOLOGYRISK MANAGEMENT & INVENTORY OPT [...]

Vendor/Supplier Managed Inventory: How to Maintain the Results

MAINTAINANCE:This article will address the following points that will necessitate us to take action to ensure continuity of successful performance.Conditions and situations will develop. They include technology, leadership, costs, and pe [...]

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 [...]