CSCMP's Supply Chain Quarterly
Procurement
July 20, 2018

A fresh take on inventory as a source of working capital

A three-pronged approach to inventory analysis can help companies free up cash while getting more value from underperforming or unwanted inventory.

Planning for the unexpected: How "what-if" costing reduces global risk

Cost simulation can help retailers and others that source internationally to reduce unpredictability in their landed costs.

When suppliers and their customers don't see eye to eye

New research examines the implications when a customer requests extra accommodations from a supplier that the supplier views as falling outside of its normal roles and responsibilities.

More companies are using analytics to detect supply chain fraud, says Deloitte

Supply chain analytics software can help companies detect possible fraud before the company actually loses money, according to the global consulting company.

The Power of People: McCormick & Company's procurement transformation

When the spice and flavoring company adopted a long-term strategy focused on global growth, the procurement team stepped up with a bold plan to reshape their priorities and organizational structure. The initiative has exceeded expectations, with more improvements to come.

New report touts benefits of using group purchasing organizations for health-care supplies

Research commissioned by the Healthcare Supply Chain Association says health-care GPOs typically save members up to 18 percent on supplies while also creating a more competitive marketplace.

How supply chain complexity affects buyer-supplier relationships

Authors of a selected Journal of Business Logistics (JBL) article explain the real-world implications of their academic research.

Starved for resources?

Sustainable procurement now has management's attention. But a recent study finds that executives may not be willing to commit the human and financial resources needed for such programs to succeed.

What growing nationalism may mean for procurement

A report from the software and consulting company GEP argues that rising nationalism will mean increases in procurement costs and a growing need for risk-mitigation plans.

Lack of internal resources and talent may hinder procurement's digital transformation

A survey by The Hackett Group suggests that procurement organizations are moving forward with major technology implementations without having the needed skills and internal resources.

As minimum wages rise, procurement must be ready to respond

With 21 U.S. states increasing their minimum wages in 2017, expect to see some suppliers asking for a price hike.

Procurement: It's time to automate!

Fintech services can free up time for procurement professionals to focus on more strategic tasks.

Map your way to an effective sourcing strategy

This business-process mapping technique, designed specifically for procurement, can help you identify which relational and economic sourcing models are right for your company.

Going through a merger? Procurement plays an important role

The procurement department is indispensable when it comes to delivering the savings promised by a corporate merger.

"The Fierce Urgency of Now": Why working with minority suppliers still matters

Some corporations have been questioning the importance of minority-owned businesses to their commercial relationships and supply chains. Yet, the author explains in this essay, it's become increasingly clear that diversity and inclusion fuel growth for businesses as well as for the economy at large.

Tackling the tactical with procurement outsourcing

Outsourcing tactical procurement can help companies focus on adding value.

The U.K. health-care supply chain: Moving toward a world-class operation

Supply chain management across the United Kingdom's health-care sector is evolving in response to a growing need for greater efficiency, lower costs, and enhanced patient safety. Better inventory management holds the key to achieving those objectives.

Five strategies that make procurement more efficient and effective

By embracing technology and focusing on internal customers, world-class procurement organizations are able to reduce their operating costs and headcount, says a Hackett Group study.

Indirect spending worthy of direct attention

If your procurement organization isn't managing your indirect spend, then you're missing out on a significant source of cost savings.

Latest Video

TIA sees no limit to 3PL sector growth
Robert Voltmann, president and CEO of the Transportation Intermediaries Association (TIA), joins us from CSCMP's annual EDGE Conference in Atlanta to discuss the state of the industry, and specifically the role of 3PLs in the market.

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Top-Performing Supply Chains
Five seismic shifts in supply chain technology
Supply chain technology is changing rapidly as new, innovative solution providers leave traditional legacy players behind.

Research for the Real World
Making the most out of flash sales
E-commerce sites have found that flash sales can be an effective way of getting rid of excess inventory. But setting the right price and forecasting the success of these sales is difficult. A new model may help.
Forward Thinking
Genpact acquires Barkawi in merger of consulting firms
Supply chain management services will focus on consumer packaged goods, industrial manufacturing, and high-tech sectors, Genpact says.

Forward Thinking
GE goes 3-D
General Electric donates three-dimensional printers to schools to help promote additive manufacturing.

Forward Thinking
Ports of Los Angeles and Antwerp host innovation competition
Annual "hackathon" will award prizes for technology solutions to port and maritime challenges.

Forward Thinking
Sea container imports expected to set record in July
Strong consumer spending delays impact of tariffs on Chinese imports, NRF-Hackett report says.

Forward Thinking
The maritime industry's digital future
Companies involved in ocean freight will need to embrace emerging technologies such as big data analytics, blockchain, and automated operations in order to stay afloat, says ABI Research.

Forward Thinking
Amazon enters next phase of logistics build-out with delivery partner program
The initiative aims to create partner relationships that would control the supply of drivers and capacity.

Forward Thinking
Daimler enlists Penske and NFI in electric truck trials
Partners will share data about truck design and performance ahead of full production launch in 2021.

Forward Thinking
JDA acquires artificial intelligence firm Blue Yonder
The deal will add pricing optimization and forecasting replenishment to supply chain software suite, JDA says.

Forward Thinking
Commentary: Machines are our friends
While many workers fear losing their jobs to automation, those fears—at least in the supply chain—are largely unfounded.

Forward Thinking
Volvo Trucks, FedEx test platooning truck technology
The demo was the first time technology was used on the road in the United States by a major truck manufacturer and a transportation company.

CSCMP Notebook
Gattorna to receive CSCMP Distinguished Service Award
A 40-year veteran of the supply chain and logistics profession, Gattorna is best known for his work on dynamic supply chains.

SCPro Bridge Exam offered at annual conference
For the first time, attendees of CSCMP's EDGE Conference can take the SCPro Bridge certification exam. The proctored exam will be held on Monday, October 1, at 10:30 a.m.

CSCMP honors military members with benefits
The council now offers discounted rates for military membership and registration for its EDGE annual conference as well as 100-percent reimbursement on SCPro certification exams.

New CSCMP report explores blockchain and data sharing
CSCMP's latest Hot Topics report looks at how companies can use emerging blockchain technology to improve data sharing and speed up transactions.

Level up: CSCMP EDGE keynote speakers will inspire attendees to improve their supply chains, work environment
The founder of Zipline; a panel of supply chain executives from IBM, Amazon, and Nike; and a happiness expert will discuss technology and the keys to future supply chain success at the industry association's annual conference.

CSCMP