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I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. Procurement has a history that is linked in the core concepts of centralization, volume leveraging, and cost reduction. The earliest traces of this can be linked to materials management.
One of the most interesting panels from the Boston Procurement Leaders conference was focused on TalentManagement. We heard from a number of speakers on the subject of how the need for talent is shifting dramatically in the years ahead. The Vendor Management team are starting to sound like banking regulators.
master of ceremonies”) for the Procurement Leaders Forum in the heart of Boston at Sixty State Street. Joanna Martinez from Cushman and Wakefield, a large real estate and facilities management person, discussed the challenges of working with HR as a procurement person. Use procurement tools to demonstrate how you can help HR.
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.
These interviews are often the best source of information and are not published. Secondary data sources are published available databases, reports, websites, and so on. Supply market intelligence can also lead to better relationships with suppliers, which is a critical element to managesupplychain disruptions (see below).
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.
Readers can access our summary and highlights from the 2023 report , along with prior years of ASCM and other noted talent surveys by clicking on the search term: SupplyChainTalentManagement in our Categories Menu appearing on the right-hand panel.
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!
Further included was manufacturing talent needs, and with consideration for moving outsourced production to domestic sourcing, the needs for retaining a highly skilled manufacturing talent in conjunction with factory automation. Customer support and product as a service needs.
The SupplyChain Matters blog announces the availability of our latest recorded podcast- What SupplyChain Leaders Should Anticipate in Leadership and Workforce Reskilling Needs in 2025. Our invited guest is Rodney Apple, the Founder and Managing Partner of SCM Talent Group.
I will be delivering a session on the Value of Procurement, as part of the noise we’re creating around the new book “ The Procurement Value Proposition “ As part of this promotion, I recently did an interview on what I plan on covering at this event. The interview is posted on the SCMR website.
In this SupplyChain Matters posting we alert our many readers to the appearance of Bob Ferrari, our Founder and longtime supplychain technology industry analyst appearance in a recently published and very timely podcast.
Further included was manufacturing talent needs, and with consideration for moving outsourced production to domestic sourcing, the needs for retaining a highly skilled manufacturing talent in conjunction with factory automation. Management skills. Availability of Part Two Research Advisory.
Additionally, the creation of a website will allow for the processes to be more transparent to enable more efficient interactions with our global procurement colleagues. The team on this project will be interviewing contract management team members to document contracting processes.
The Ferrari Consulting and Research Group announces that our latest Research Advisory, 2023 Predictions for Industry and Global SupplyChains is now available for reading. In a prior five-part series of commentaries hosted on SupplyChain Matters , we have provided snapshots of five of our ten predictions for 2023.
The SupplyChain Matters blog announces the availability of the SupplyChain Matters Podcast Episode 17- Needs for More Diverse SupplyChainTalent from the Lens of Technology. There is a growing consensus that existing supplychain and talentmanagement processes and technology need a rethink.
This is likely to include select areas of added business and supplychain digital transformation, but in more managed and focused scope. Procurement and supplymanagement leaders will be expected to provide both leadership for supply resiliency and added value, but also supply network cost reductions.
In our conversation, Radu provides a unique perspective from the lens of working on C-Suite focused recruitment needs derived from global based organizations for senior leadership needs spanning overall supplychain, manufacturing, transportation, logistics and E-commerce leadership needs.
We need to be up to the challenge of creating the “impossibly talented” procurement professionals of the future. Our organizations need people who are ready to take on the many challenges that exist in the supplychain environment we face today.
In Part Two of this blog series , we provided highlights our third prediction, that supplychainmanagement teams will continue to exercise more direct control of direct materials sourcing, and these efforts will be a prominent element of business strategy for CSCO ’s and CPO ’s this year.
Stuart discussed the need for a supplychain Swiss Army knife skill set. In supplychain, you can focus in procurement, sourcing, inventory control, logistics, and other off-shoots that occur on a daily basis. We have a secondary source but can’t turn in less than 5 days –and we will run out before then!
In addition to indicating significant impairment charges related to the company’s space business, CEO Guillaume Faury indicated that within the commercial aircraft business unit, there is now a focus on both 2024 aircraft delivery performance, specific supplychain challenges and the sourcing of “ key work packages. ”
In this fourth SupplyChain Matters reader update, we highlight this week’s developments related to ongoing UAW labor strike involving the big three U.S. big three automakers with implications to their supply networks vs. prior strategies in targeting just one. auto companies.
Background In February of this year, numerous business and aerospace industry media reported on the milestone of the largest commercial aircraft order in the industry’s history.
The SupplyChain Matters blog calls reader attention to a recently published podcast featuring supplychain technology industry analyst Bob Ferrari speaking on a very timely topic.
In this update we want to alert our SupplyChain Matters global readership to our latest upcoming podcast episode. Multi-industry supplychain teams continue to focus on the final aspects of supporting and executing Q4 and 2023 business goals.
In this fifth SupplyChain Matters weekly reader update, we highlight the latest developments related to ongoing UAW labor strike involving the big three U.S. auto companies. automakers production facilities based on the union’s perception of whether weekly progress is being made in individual negotiations.
The International Brotherhood of Teamsters labor union announced yesterday that 86.3 percent of UPS union workers have now voted to ratify the newly negotiated five-year labor agreement. This announcement follows the announcement of a tentative agreement that was reached in late July.
The SupplyChain Matters blo g provides highlights of the ASCM 2023 Salary and Career Report released this week which depicts responses depicting high job satisfaction and compensation levels. In the area of increasing Diversity, Equity and Inclusion, the responses indicate some narrowing of gaps but added efforts needed.
Ongoing efforts directed at supply network resiliency to continue, especially those related to termed China Plus sourcing efforts among specific industries. However, efforts will take on different levels of prioritization among specific industries or businesses.
Tania Seary , Founder and CEO of Procurious, has built a social media community platform for procurement and supplychain professionals. If you see a woman trying to speak up in a meeting but being ignored, say something about it and make sure that woman is provided the opportunity to share her thoughts. ”.
Technologists utilize the term “narrow AI” to depict artificial intelligence and machine learning technology that is currently being successfully deployed among specific supplychain business process and decision-making areas.
In this third SupplyChain Matters reader update, we highlight the ongoing supplychain and manufacturing implications of the labor strike involving the three U.S. big three automakers with implications to their supply networks vs. prior strategies in targeting just one. unionized auto companies.
Nationalist and legislative policies tied directly to industry supplychainsourcing have continued during these past two years, especially involving the United States and China.
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