CSCMP's Supply Chain Quarterly
Procurement
February 22, 2020

Procurement to focus on analytics in 2020

Better analytics will help procurement departments become more cost efficient, deliver value in new ways, study finds.

Ethics, communication top list of future-focused procurement skills

General business and social skills trump job-specific requirements in the procurement role of the future, APQC report shows.

Procurement gets smart, adds greater value over the next five years

Procurement organizations that fully optimize their technology architecture and embrace smart automation can realize productivity advantages of up to 68%, Hackett Group researchers say.

International trade community struggles to deal with tariff revisions

Keeping up with quickly fluctuating tariffs and trade policies requires good communication and the ability to act on short notice, according to speakers at the 2019 Northeast Cargo Symposium.

U.S.-China trade expert: Don't expect resolution of trade dispute any time soon

Each country's policymakers think they can take minor steps now and then wait the other one out, Albright Stonebridge Group's Amy P. Celico tells New England trade group.

CPO Survey: Economic, political risks top agenda

Chief procurement officers say they will cut costs to fight slowing economy and trade threats, Deloitte study shows.

Commitment to sustainable procurement is on the rise

2019 Sustainable Procurement Barometer shows that sustainability awareness is growing among buying and supplying organizations, but challenges persist.

Survey: Millennials demand faster, more customer-focused services for industrial buying

Young, tech-savvy customers want quick delivery, post-sales support, UPS says.

Digitalization in procurement to accelerate in 2019

Survey shows 84 percent of CPOs consider digitalization important for improving procurement performance.

Supply chain tasks weigh heavy in healthcare, survey shows

Clinicians and supply chain managers say supply chain-related tasks are causing stress and affecting patient care, according to Cardinal Health survey.

Study: Procurement needs a higher profile

Companies must develop a stronger focus on purchasing in the digital age if they want to innovate and increase their business agility, Forrester/Ivalua study shows.

Digital transformation highlights talent crunch

Procurement organizations must transform and "reskill" existing staff to meet the demands of a digital business services environment, study says.

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.

Latest Video

ITA Presidents Forum offers global lift truck market insights
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Forward Thinking
Demand for industrial space remains strong
Market need for new industrial construction eases concerns of oversupply, CBRE report shows.

Forward Thinking
Report: Trucks remain prime target of cargo thieves worldwide
Cargo in transit by road remains the dominant risk; theft from trucks parked in unsecured lots average 8 per day globally.

Forward Thinking
Security, digital capabilities are ripe for disruption
Study highlights the changing nature of supply chain disruption and companies' need to broaden their perspective on business risks.

Forward Thinking
Containers back up on Chinese docks as coronavirus triggers closures
Ripple effects now seen in U.S. supply chain as agriculture trade group asks ocean carriers to skip penalty fees for delays.

Forward Thinking
Commentary: Six best practices for new product introduction
The new product introduction process has not changed very much over the years. Here are six ways to make it more strategic, collaborative, and digital.

Forward Thinking
Coronavirus could crimp U.S. retail sales for February, study warns
Production expected to fall as Chinese government extends factory shutdowns beyond Lunar New Year, NRF says.

Forward Thinking
Procurement to focus on analytics in 2020
Better analytics will help procurement departments become more cost efficient, deliver value in new ways, study finds.

Forward Thinking
LMI up slightly in January
Logistics industry continues path of slow, sustained growth, according to latest Logistics Manager's Index report.

Forward Thinking
Business continues to brace for impact of coronavirus
Supply chain disruptions could last three to six months, experts say.

Forward Thinking
Industry optimism improves as trade tensions ease
USMCA approval in Washington lessens uncertainty over trade, boosts outlook for industrial investment and export growth.

CSCMP Notebook
How innovative is your supply chain?
The submission deadline for CSCMP's Supply Chain Innovation Award is March 15, 2020.

CSCMP and NASSTRAC offer new on-site training programs
Sessions will focus on supply chain fundamentals, leadership, strategy, and risk management.

Do you know a rising young supply chain leader?
The nominations period for CSCMP's Emerging Leader Award closes February 14, 2020.

How sharing trusted data can unite the retail supply chain
Susan Pichoff of GS1 discusses a research study at Auburn University that's exploring how RFID, GS1 Standards, and blockchain can help overcome challenges in the supply chain industry.

Distinguished Service Award nominations open
CSCMP is accepting nominations for its annual Distinguished Service Award until April 30, 2020.

CSCMP