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A recent interview I conducted with a former Chief Procurement Officer who has worked for over 25 years in procurement in various industries captures what I believe is the true opportunity that exists for supplymanagement executives. Marketing and IT see this to some extent, but not like procurement.
I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. You can download the full report at this link. Procurement has a history that is linked in the core concepts of centralization, volume leveraging, and cost reduction.
As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.
A recent review by Peter Smith of my new book , “The Procurement Value Proposition”, co-authored with Gerard Chick, provides some solid support for the message Gerard and I were seeking to develop. We need to be up to the challenge of creating the “impossibly talented” procurement professionals of the future.
Yung-Yun’s algorithm scanned tens of thousands of targeted news and company reports to develop the ratings in each category. Supply Market Intelligence Enables Improved Ability to Control Inflation. Secondary data sources are published available databases, reports, websites, and so on. Manufacturers or the U.S.
I had a chance to review the new book by Jim Hansen and Kelly Barner, “ Procurement at a Crossroads “, which explores the many changes that the profession is facing, and challenges individuals to do things differently. (I The authors also go through and explore a number of other procurement issues that are often debated.
We talked about how procurement needs to think about the five core “game changers” that are going on in the world, including the balance of power, technology, globalization, demographics, and sustainability. But you still have responsibility for the lower rungs of the ladder!
In my most recent blog, I described the type of person that organizations such as Apple are seeking to find : tech savvy, smart, humble, able to work on unstructured projects with challenging requirements, analytically oriented, and most of all, willing to learn and take on new problems! So did Tom Falk at Kimberly Clark.
The companies represented on the panel were Advanced Auto Parts (who recently purchased Carquest), Amazon, Caterpillar and Patheon. . Question: What key attributes are you looking for in graduates being recruited to become future supplychain leaders in your company? Data analytic skills w/ strong attention to detail.
He then went into global imports for the central purchasing group in Raleigh. This was a lot of planning, a lot of analytics, and a lot of work. In 2013 we had $8M of raw material inventory – due to poor purchasing, poor safety stock decisions, and a lot of WIP in the system. Today, we are at 5.5M
Highlights of the new agreement include full time package van drivers garnering a reported annual compensation of $170,000 in pay and benefits. The consolidated operating margin in the quarter was reported as 12.6 reported for Q2 ending. per hour under the existing contract. percent with adjusted operating margin of 13.2
However, global and regional production and purchasing activity as measured by the J.P. Morgan Manufacturing PMI index has included a four month (July through October) long sequential contraction in production levels and reported a neutral 50 mark at the end of November. Global growth is projected to be 3.2 Prior to the U.S.
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