CSCMP's Supply Chain Quarterly
Procurement
January 18, 2017

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>

Procurement's new role

Today's procurement leaders do a whole lot more than simply deliver the right products on time at cost.

Supply Chain Executive Insight E-Newsletter
Each month the Supply Chain Executive Insight e-newsletter will include brief articles about developments that are often overlooked by other supply chain publications. We will present you with summaries of the latest research as well as new ideas on how to make your supply chain operations more effective. And we'll offer commentary that sheds light on what's happening in supply chains today.
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News from our sister publication
DC Velocity
Latest Video

Move It! Episode Four

See how New Era's DC handled a 100% increase in volume, explore BHFO's use of robots in its goods-to-person system, learn how voice-directed tech helps ensure order fulfillment, and tour a German beverage giant's DC and a UNICEF DC in Copenhagen.

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Perspective
Time for some scenario planning?
Be prepared: Policy changes that come about as a result of the president-elect's simplistic view of international trade could impact your supply chain costs with little warning.

Procurement Priorities
Procurement: It's time to automate!
Fintech services can free up time for procurement professionals to focus on more strategic tasks.

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
Attention, supply chain professionals: The world's problems cannot be solved without your help
Supply chain organizations should work with governments and nonprofit groups to feed the world, heal the sick, save the planet, and make money too, says a new report from the research group SCM World and the Bill & Melinda Gates Foundation.

Forward Thinking
Holiday returns volumes reach new high, UPS says
The surge in e-commerce returns has pushed retailers and carriers to cut reverse logistics costs.

Forward Thinking
New government report highlights best practices for improving U.S. port productivity
The U.S. Commerce Department has compiled suggestions for improving port operations, reducing disruptions, and improving competitiveness.

Forward Thinking
Why blockchain is not just for banks
If global supply chains are to gain the full benefit of this technology for managing payments and related data, all parties that play a role in global trade must be involved.

Forward Thinking
Luxembourg supply chain center appoints new director
Professor Benny Mantin will serve as director of the Luxembourg Centre for Logistics and Supply Chain Management, a joint partnership between the Massachusetts Institute of Technology and the Luxembourg government.

Forward Thinking
GE opens wallet to boost 3-D printing
The company now offers financing for businesses buying additive manufacturing machines.

Forward Thinking
Toyota names winners of grants to study supply chain tech
The lift truck vendor selected projects on location-based data on forklift drivers, changing material handling system requirements, and Internet of Things.

Forward Thinking
New e-book identifies five stages of supply chain design maturity
The software company Llamasoft has published a guide to making better decisions about supply chain design.

Forward Thinking
U.S. industrial property demand to stay strong in '17, CBRE forecasts
A logistics and real estate firm forecasts that e-commerce will fuel another surge in demand.

Forward Thinking
Dutch team pushes blockchain technology for logistics data
This US$2.3 million initiative would use the security protocol to protect supply chain records.

CSCMP Notebook
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.

Food from CSCMP Stop Hunger Now event being used to support relief efforts in Haiti
The food packages assembled during the pre-conference volunteer event were part of a 175,000-pound shipment of food and medicine to nonprofits providing Hurricane Matthew relief.

CSCMP Educators Conference fosters collaboration between academia and business world
Opening remarks highlight how the conference has evolved to integrate more members of the supply chain community.

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