Articles

Global Procurement Best Practices - Risk Management and Inventory Optimization

RISK MANAGEMENT:There is much literature existing about RISK MGT. However, I have found the following to be useful in providing a concise view of such:RISK is a potential situation for unwanted negative consequences from various eventsRESIL [...]

Global Procurement Best Practices - Procurement, Cost and Leveraging Technology

PURCHASING and COST:There are various costs associated with Purchasing – directly or indirectly incurred:Purchasing Process cost factors:Acquisition costCreate a PO, review & approvalProblem resolution, expeditingReceiving and inspectio [...]

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?” [...]