Not so long ago we associated innovation exclusively with brilliant people or organizations that had the resources to fund extensive research. An innovation meant producing a novel product or service – something differentiated and not easily replicated or improved. But, as we have learned by observing “why companies fail”, without innovation, your organization dies. So every organization, not just the smart or rich, must find ways to innovate and differentiate. The big challenge for you as a leader is getting yours to deliver innovation.Continue reading
It’s common to find topics around supply chain optimization on the agenda of board meetings – in fact, over 85% of senior executives say that refining supply chain performance is one of their top priorities.
Why is that? Well, a lean supply chain process is crucial to maintaining profit as well as happy and loyal customers.
If you’re new to the planning and logistics side of the business, or simply wanting to understand this process better, I wrote this quick guide to help you get a handle on basic best practices for supply chain management (SCM).Continue reading
Think the Snowden problem is limited to secret government groups as the NSA, and can’t happen to you? Then you have not learned the many lessons that apply to every organization. Think again!Continue reading
How To Buy Your Way To Better Profits!
CEOs are becoming increasingly aware of the value a great procurement function can bring to their business. And report after report of massive cost reductions or improvements in quality and service, as well as faster time to market indicates that such interest is well warranted.
Great procurement organizations work collaboratively with other functions and with their suppliers to drive broad improvements in total costs. However, in order to be most effective these organizations are ensuring they have the best talent arrayed against each strategic segment of procurement expenditures, even if they have to outsource some portion of their function. The leading organizations also recognize that information is more important than organizational structure, thus their technology investments are focused and frequently deliver value upon implementation, unlike many other misguided procurement automation efforts. Finally, these groups recognize that they are unable to build a competitive business without competitive suppliers, and make every effort to ensure relationships are such that the total system wide cost are being reduced collaboratively, for in so doing, these partnerships can deliver the greatest improvements in procurement.Continue reading
PROCUREMENT CONTINUES TO BE A VERY FRUITFUL SOURCE FOR COST REDUCTION YET MANY PROCUREMENT ORGANIZATIONS FAIL TO ACHIEVE THEIR POTENTIAL BY MAKING ONE OR MORE OF FIVE COMMON MISSTEPS.Continue reading