Last week I was interviewed by Scott Luton, host of the Supply Chain Now podcast, for their ‘Full Access’ series. (You can listen to the podcast here.) Scott and I go ‘way back’ so it was easy to find things to talk about, but he also asked me some great questions about how I reached this point in my career and what advice I would give to people just getting started.
Five years ago, I started a tradition here at BMP – stopping to say thanks to all of the people and organizations that make it possible for me to live out my dream as a writer and procurement professional. This year is no different, although I can’t help but feel exceptional gratitude for the amazing year we are about to put into the books.
I am grateful beyond words (quite a feat given how much time I spend writing and talking) to all the people I crossed paths with this year – everyone I met in person and those of you that I will never meet but regularly engage with through the miracle of modern communications.
I wish you and your families a safe and happy Thanksgiving!
To everyone within reach of the Buyers Meeting Point community,
I know that you have a lot of options for where to spend your precious (and scarce) discretionary time. For every minute you spent on BMP in 2016, thank you. The content that I provide on this site, via my podcast, and on supporting sites is a labor of love. I’m not a marketing person or a sales person – I’m a procurement professional that has found a way to combine my love of learning with a format that allows me to reach and connect with like-minded professionals all the world over.
Over the next week, I wish you warm, happy times with friends and family. I wish you all the optimism that comes with the start of a new year. And most of all, I wish you rest – because come January 3rd, we have a lot of work to do!
I can’t wait to see what 2017 has to offer us all, and I look forward to being a part of your own personal, evolutionary journey. If there is ever anything I can do to help, don’t hesitate to let me know.
Merry Christmas, Happy Holidays, and Happy New Year… I’m already looking forward to reconnecting with you in early January!
Owner and Managing Director, Buyers Meeting Point
Every year at this time I stop and give thanks for all of the people and organizations that have made a difference to Buyers Meeting Point over the year. You may think of BMP as a blog, a podcast, a social media network or all three – but for me it is the most amazing opportunity to connect with a global community of peers, all of whom are interested in learning more and advancing the potential of procurement and supply chain.
With the first (annual?) Procurement Revolution under our belts, Phil Ideson and I have spent the last few days looking back on everything that was shared, asked, and exchanged.
By all measures, the Procurement Revolution was an unmitigated success. Over the course of 5 days, 40 Revolutionaries delivered 5 live webinars and over 50 unique pieces of audio, video, and written content. We were able to cover a wide range of topics, including competitive advantage, globalization, autonomous cars, and digital commerce. Each piece was created as something fresh and new – shared just because it could be rather than because it was commissioned or promotional. The resulting Twitter discussion, using the hashtag #ProcureRev, created over 1.7 MILLION impressions.
Last week, Coupa ran a three part blog series based on a conversation I had with their marketing team about the role social media plays in supply market intelligence creation. You can read them here, here, and here. This is a subject that Jeanette Jones and I touched upon in our book, Supply Market Intelligence for Procurement Professionals, but it was certainly not our focus.
While social media is a great tool for news gathering and intelligence creation, it isn’t something that was ever part of my formal training – either in procurement or otherwise. I learned how to leverage the power of social media purely ‘in the wild,’ driven by the need to grow the footprint and brand recognition for Buyers Meeting Point. I am so glad that I did, both because we have seen clear benefits in our traffic, and because now I am in a position to apply what I have learned to the work that must be carried out by practitioners.
As another year comes to a close, and we are looking at the start of a new one, we wanted to take this opportunity to wish you and your families a healthy and happy holiday season. We have enjoyed working together on your behalf to present information that we hope you have found useful and interesting this year.
On September 3rd of last year, Jeanette Jones, Owner and Founder of Cottrill Research, suggested (out of the blue!) that she and I co-author a book. There was never any question of whether or not I would do it. I’ve always wanted to write a book. I enjoy doing research and I have been fascinated with procurement ever since I ‘fell into’ the profession in 2003. Jeanette’s suggestion that we write a book to help procurement professionals create their own supply market intelligence combined all three.
Since our inception, Buyers Meeting Point has always made Corporate Social Responsibility part of our mission. We have always had a selected charity that we donate to at the end of the year – most recently Plan International and Livestrong.
Last year Western Union celebrated their 160th anniversary. As a celebration, they picked the world's most networked person, a 26 year old from Portugal. It was based on the number of face book friends and their locations across 160 countries.
So how does that relate to procurement professionals? This week's esourcing wiki talks about the next generation sourcing. The matrix organization is becoming more the norm. It is highly recommended to put the procurement role in early with engineering and marketing. Waiting too late to pull in procurement limits flexbility and can result in higher costs into the product line.
I know more organizations are putting more emphasis in the role for procurement. They are expected to be commodity experts but also involved in product development and strategy discussions.
The next generation is also very networked and very comfortable with information and quick exchange of ideas.
What does your procurement organization do? Are you matrixed and networked? Have you found it to be more efficient and effective?