CSCMP's Supply Chain Quarterly
Procurement
February 21, 2017

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.

An ethical supply chain doesn't just happen

An ethical lapse can harm not just a company's reputation but also its bottom line. Chief procurement officers need to make sure they have an ethics policy in place that is up-to-date and well communicated.

Heavy rain may bring more pain for the U.S. supply chain

A new report from FM Global says that some regions of the United States will see increased incidents of extreme rainfall and urges supply chain managers to prepare.

Why risk needs to be top of mind for procurement leaders

"Hoping that your luck holds out" is not a good strategy for managing risk in the supply chain, says a new report.

Procurement salary surveys: Underpaid and unrecognized

Procurement professionals agree that salaries are too low. Here's what they can do about it.

Now's the time to manage "tail spend"

By managing their companies' smaller, low-dollar purchases, procurement leaders can better achieve their larger, strategic priorities.

When "moneyball" meets procurement

The global logistics conglomerate Maersk Group analyzes data from its online auctions to identify sourcing strategies.

No procurement? Could it be?

A new book questions whether the procurement function will continue to exist in its current form.

CPOs lack faith in their staff, survey finds

A Deloitte survey of chief procurement officers found that the majority of CPOs are not confident in their teams' ability to deliver on their procurement strategy. Many are relying on technology to fill the gap.

Procurement at Philips: Total transformation on a global scale

When Royal Philips implemented a new product design and procurement process, it also completely reconfigured its procurement organization. The author, who worked together with Philips executives Fredrick Spalcke and Ad Boon on the project, explains the initiative's origins, challenges, and successes.

A look into the future of procurement

Techniques and strategies for choosing suppliers and building strategic partnerships are due for an overhaul. "Value procurement" may be the next step in the discipline's evolution, say the authors of the new book <i>The Procurement Value Proposition: The Rise of Supply Management.</i>

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Perspective
Separation without the anxiety
When companies divest or acquire a business, it has all kinds of implications for supply chain professionals. Our special three-part series provides an idea of what may be expected of you.

Procurement Priorities
The window is open for real gains in supplier diversity
Diverse suppliers often have innovative ideas that make them stand out from the crowd. Procurement must use its influence and seek them out.

Top-Performing Supply Chains
Carter's: A story of supply chain leadership
The children's apparel company Carter's has made significant improvements to its supply chain by leveraging scale while managing complexity.

Research for the Real World
Governance models for regional logistics hubs, and why they matter
Authors of a selected Journal of Business Logistics (JBL) article explain the real-world implications of their academic research.
Forward Thinking
Forget customer service; controlling omnichannel costs is retailers' new top priority
The pressing need to handle omnichannel fulfillment profitably is reshaping retailers' supply chain strategies, according to preliminary results of the 2017 "State of the Retail Supply Chain" study.

Forward Thinking
Honolulu, Dublin to pace growth in global industrial rents through 2019, report says
Industrial rents are expected to grow above trend worldwide in next three years, according to real estate services company CBRE.

Forward Thinking
Report: global trade patterns impacted by e-commerce growth
In a recent survey, shippers named cybersecurity and changing trade regulations as their biggest e-commerce concerns.

Forward Thinking
Hot growth predicted for cross-border e-commerce
A new DHL report predicts cross-border online retail will grow at twice the rate of domestic e-commerce through 2020.

Forward Thinking
New index polls logistics managers to gauge U.S. economy's direction
Logistics Manager's Index seeks respondents for monthly poll measuring transportation, warehousing, and inventory activity.

Forward Thinking
University of Michigan revamps SCM program, debuts Supply Chain Consulting Studio
The Master's in Supply Chain Management program now places greater emphasis on data analytics and leadership skills.

Forward Thinking
Global transport will find it hard to cut carbon emissions, report finds
Transportation carbon levels won't show improvement by 2050 without drastic changes, according to the International Transport Forum.

Forward Thinking
Next-generation visibility: What will it take to get there?
Collaborative technology partnerships will play an important role in achieving greater supply chain visibility in the future.

Forward Thinking
Now more than ever, manufacturing needs to guard against cybersecurity threats
A report from Deloitte and MAPI argues that the fast pace of technology implementation is making manufacturing particularly vulnerable to cyberattacks.

Forward Thinking
Mobile robot tracks inventory on store shelves
Data from Simbe's "Tally" robot could improve supply chain visibility for retailers and distribution centers.

CSCMP Notebook
CSCMP's Mentorship Program to accept new applicants in March
This popular program pairs students and young professionals with seasoned supply chain managers.

Who is your supply chain hero?
CSCMP is accepting nominations for its Distinguished Service Award through April 30.

2016 Rainmakers and Thought Leaders Reception and Dinner
CSCMP's Supply Chain Quarterly and sister publication DC Velocity hosted their annual reception and dinner at the Council of Supply Chain Management Professionals' 2016 Annual Conference in Orlando, Florida.

MercuryGate renews conference partnership with CSCMP
Cloud-based transportation system provider will serve as the premier sponsor of CSCMP's 2017 Annual Conference in Atlanta.

CSCMP's redesigned Career Center offers expanded resources
CSCMP has updated its online Career Center to include reference-checking, resume-writing, and coaching services.

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