• Mitigating Cyber Security Risks in the Supply Chain

Mitigating Cyber Security Risks in the Supply ChainMinimizing cyber risks in the supply chain is a modern challenge needing urgent attention across industries.

• Building a Business Case for Strategic Supplier Relationship Management

Building a business case for investing in strategic Supplier Relationship Management (SRM) can be challenging. It is a matter of measuring value through quantification of financial and relationship results.- By Sherry Bloom

• Aligning Minority Supplier Development with Procurement Trends and Issues

Aligning Minority Supplier Development with Procurement Trends and IssuesImprove the Effectiveness of your Programming by Linking it with Current Challenges

• Bringing Entrepreneurial Veterans into the Supply Chain

Veterans must find a way to transition into civilian life as productive citizens. Many call upon their entrepreneurial spirit and start businesses with the goal of entering government and corporate supply chains..

• The Value of Strategic Supplier Relationship Management: Building the Business Case

Formal supplier relationship management (SRM) systems are becoming more popular in the market place. With the advent of web-based technologies and cloud computing, the stand alone system is no longer the only option. Businesses can now build end to end SRM systems for evaluating and managing their...

• Circular Supply Chain Meets the Circular Economy and Everyone Wins

Take the principles of the circular economy and apply them to the supply chain, and the result is a stronger corporate sustainability effort. Still in its early stages, the circular supply chain takes the next steps beyond the linear supply chain.

• Procurement in the Cloud Reaches New Heights

Sourcing and procurement have been slow to adopt the cloud as a value adding technology. It is a situation that is rapidly changing as the cloud matures and becomes a value adder through lower risk, more efficiency, and lower cost. - By Gerald Donald

• Developing A World-Class Supplier Program Requires Commitment and A Vision to Be The Best

Developing A World-Class Supplier Program Requires Commitment and A Vision to Be The BestBusiness owners work hard to make gains and strive to be the best. But how do they know whether their work is paying off? How can they tell whether they are getting closer to being the industry standard, or whet...

• Federal Reserve Supplier Diversity Policies Accelerate Success

Federal Reserve Supplier Diversity Policies Accelerate SuccessThe Federal Reserve supplier diversity effort is accelerating with spectacular results. It is an excellent time for qualified diverse suppliers to join the acquisition system.

• Outsourcing Risks Overcoming Barriers to Achieve Great Results

Start by finding partners to build long-term relationships

• Both Sides Now … Financial Services Industry Opportunities for MWBE Customers and Suppliers

The financial services industry is going through a major shake-up initiated by the recession. Its focus is on rebuilding customer brand loyalty and strengthening sustainability, and that equates to MWBE opportunities. - By James Hsu

• Women Suppliers Bring Essential Qualities to Corporate Clients

The business environment has transformed into one where networking and collaboration skills are essential, and environmental sustainability and social consciousness must be core corporate values. Women suppliers can bring the right values and focus to strengthen the corporate client's supply ch...

• A New Look for Supply Chains in the Post-Pandemic World

The COVID-19 pandemic is driving many rapid changes in the business world, including within global and domestic supply chains. Companies have had to scramble to keep goods and services flowing, but now it is time to take the lessons learned and future-proof the supply chain for success in the coming...

• New Roles for Procurement Through Digitization

The procurement function is undergoing rapid digitization, and the transformation is an earthquake of change. The entire process is being shaken up, and now is the time to reinvent in order to avoid being left in the rubble. - By Sharon Ross

• Managing the Contingent Labor Force Supply Chain to Reach Diversity Goals

Managing the Contingent Labor Force Supply Chain to Reach Diversity GoalsContingent labor is frequently sourced from staffing agencies and treated separately from employees. A better approach is to develop a staffing supply chain that can offer quality diverse talent who are included in the diversit...

• Leading—Edge Suppliers Drive Transformation in the Insurance Industry

The insurance industry is ripe with supplier opportunities as companies transform their claims processing to achieve operational excellence, and products and services to enhance their competitive advantage. Technology is at the heart of the transformation. - By Donna Benjamin

• Integrating SRM and Strategic Sourcing to Improve Global Procurement

SRM is a natural element of strategic sourcing because the objective of both is to develop suppliers who bring high value to the organization. - By Debra Jenkins

• Collaboration the Key to Successful Manufacturer Supply Chain Transformation

When a manufacturing firm decides to develop a digital supply chain, the business can enjoy a host of advantages that include performance improvements. The advantages also come with a number of risks unless the transformation approach includes cross-functional collaboration and integration of data f...

• Turning Data Analytics into Value in the Supply Chain

Producing data analytics is not the same as converting analytics into value-producing decisions that maximize the supply chain ROI. Turning data analytics into action is an imperative for the digital global supply chain, but it requires a new way of thinking.

• Capitalizing on Synergies between Supplier Diversity and SRM

By definition, strategic suppliers are key to an organization’s ability to succeed. In a multicultural, global business environment, organizations should emphasize the ‘R’ in SRM and nurture strategic relationships with diverse suppliers. - By Sharon Ross

• More to Procurement than Procuring: Creating Supplier Social Groups

The use of social media as a business technology for innovation and problem solving is growing. It is natural they are turning to supplier social media groups to take advantage of the synergy of supplier relationships. - By Joshua Ferdinand

• Social Media and Supplier Diversity Make Innovative Partnerships

Social media is transforming supplier diversity by deepening corporate-supplier partnerships through increased connectedness. It is also increasing opportunities on both sides of the equation. - By Valerie Gomez

• Strategies for Closing the Gap Between Sourcing and Procurement

If the right hand of sourcing and the left hand of procurement don’t know what each is doing, a costly gap with lost opportunities develops. The key to closing the gap is Supplier Relationship Management. - By Sherry Bloom

• Best Practices in Cyber Supply Chain Risk Management

Minimizing cyber risks up and down the supply chain is an important step in strengthening cybersecurity. Suppliers and their customers need to work together to develop and implement best practices. - By Wilfred Smith

• Leveraging the Procurement Process Through Category Management

At the heart of procurement category management is teamwork. Category management relies on cross-functional teamwork to leverage full organizational capabilities, and heading the effort is procurement. - By Gerald Donald

• Forming New Relationships Between Procurement and Internal Customers

Forming New Relationships Between Procurement and Internal CustomersIn the past, most procurement functions focused on developing good supplier relationships. Today, the modern procurement function also develops good relationships with internal customers, to become an agile collaborative partner in ...

• Building a Culture of Continuous Process Improvement

What do Toyota, the United States Marine Corps and Minority and Women’s Businesses (MWBEs) have in common? The answer is they have benefitted from continuous process improvement (CPI). The goal of this business approach is to create an organization in which every function and process performed is al...

• Balancing Strategic Sourcing With Supplier Diversity

Procurement professionals are faced with the challenge of securing business savings using a variety of strategies. These strategies include: establishing quality competitive bidding standards, analyzing product specifications, global sourcing and working with business departments to blend procuremen...

• Maintaining Best-in-Class Internal Supply Chain Management

Maintaining Best-in-Class Internal Supply Chain ManagementSupply chain management can no longer put strategies in place and call it a done deal. It is important to improve the operation by taking periodic stock of what is working and what is not working for the good of internal stakeholders and the ...