CSCMP's Supply Chain Quarterly
Procurement
March 23, 2019

Legally sound procurement: how to add legal value to the purchase of goods and services

A simple but revolutionary change in the process of negotiating procurement contracts can dramatically improve a buyer's position. Getting legal experts involved right from the beginning saves time, allows for a better assessment of proposals, and may lead to more favorable contract terms. Above all, it ensures fully informed decisions.

Automotive supply chain braces for change

USMCA will yield long-term gains, but short-term cost increases will shift supply chain landscape, company survey shows.

Commentary: From a patchwork of solutions to unbroken digital thread

A cloud-based procurement network can knit together previously disparate data to reveal patterns and trends that can unlock supply chain efficiency.

What is intuition's role in the supply chain?

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

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.

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Oracle updates Supply Chain Management Cloud for team communication
Blockchain tools will enable era of supply chain transparency, firm says.

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E-commerce firms flex their muscles on DC site selection
Growing heft gives e-commerce and 3PL firms greater location in picking warehouse locations.

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Logistics industry growth slows in February
The Logistics Manager's Index fell more than a point from January but remained in growth territory, industry group reports.

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Companies honored for blockchain-enabled traceability initiative
Trade group recognizes five companies for their work on the MediLedger Project, aimed at improving supply chain efficiency, effectiveness and safety.

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Logistics community aids post-tornado relief efforts
American Logistics Aid Network is mobilizing the logistics community to support disaster-relief efforts in the Southeast in the wake of recent tornadoes and floods.

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Study: Companies over-emphasize technology in digital transformation strategies
U.S. businesses lack focus on people, processes and partnerships when it comes to adapting to an increasingly digital business world, Telstra study shows.

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Supply chain challenges demand digital solutions, HighJump says
Software provider leverages parent's resources to develop AI, IoT, big data tools in Korber Digital Lab.

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ATRI study: Easing traffic congestion yields long-term gains
Infrastructure improvements can help trucking companies conserve fuel, reduce emissions and lower bills, study shows.

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Survey: retailers lose more revenue from inaccurate inventory than theft
Retail robot vendor Bossa Nova says automation and robotics are better solution than employee cycle counts.

CSCMP Notebook
CSCMP's annual conference is looking toward the future
CSCMP EDGE Conference and Exhibition will be held in Anaheim, California September 15 - 18.

How customer experience is driving supply chain innovation
CSCMP's Hot Topic publication explores why innovation and customer experience are key factors for all businesses.

On the air with CSCMP ...
The Council of Supply Chain Management Professionals has launched a new podcast series, "Supply Chain Conversation." Now members have the chance to participate.

CSCMP European Conference registration is open
The two-day conference in Warsaw, Poland, will focus on real-world strategies companies can implement to maximize and transform their supply chains.

Hot Topic: Using Data to Improve Supply Chain Operations
CSCMP publication offers key steps companies can take to get the most out their data.

CSCMP