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"The Point" is written by BMP Editor Kelly Barner as well as a diverse group of guest contributors.

Recommended Procurement Webinars August 12-16: AP Excellence, Legendary Coaching and Twitter Transparency

This summer has brought a procurement webinar drought. I’m taking it one week at a time… I have some recommendations for this week and for next week and then we’ll see if anything is listed for the last week of August.

If you are planning your webinar schedule beyond this week, I recommend “The Strategic CFO is Thriving with Risk” from Coupa and Levvel Research on September 5th. I appreciate the opportunity to hear about the top Finance officer’s risk priorities and challenges – especially since Coupa is putting up their own CFO as a speaker during the event.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

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Recommended Procurement Webinars July 22-26: Intergenerational Leadership Skills, Best in Class and the Big Makeover Debate

This summer's webinar schedule seems to be feast or famine. There was only one event last week, while this week offers eight in three days.

If you are planning your webinar schedule beyond this week, I recommend “How Procurement Can Win the Hearts and Minds of Marketers” from Real Sourcing Network CEO Sandy Kane and a panel of marketing experts on September 26th. I realize that seems exceptionally far away, but as we trudge through the height of the summer heat, it is so appealing to think about attending an event in a lightweight sweater and while drinking a pumpkin spice latte.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

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Book Review: The Self Determined Manager

“Managing others is not for the faint-hearted or the inattentive.” (P. 147)

 

The Self Determined Manager: A Manifesto for Exceptional People Managers by David Deacon is exactly the kind of book busy fellow professionals tell me they like to read. It is straightforward, actionable, clear on a key central philosophy, and it is not so long that it can double as a door stop.

I come from a family of teachers, a profession that I would be very poorly suited for, and there was a connection between teachers and managers that came to mind as I read this book. Both roles are much harder than they look, require a certain kind of personality or demeanor in addition to training and experience, and there are far too many people in both roles that are lousy at them. I believe it is safe to say that anyone who has been in the workplace for more than a couple of years has had a bad manager, but very few of us can say we’ve had exceptional ones.

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Recommended Procurement Webinars Jan 28 – Feb 1: 2019 Trends and Predictions, Leadership Lessons Learned from 2018

If you have a tendency to look ahead to Friday every week, just a warning: Friday is the start of February. (What?) On the bright side, industry webinar hosts seem to have gotten back into the swing of things after the holidays, as I added 7 new webinars to the calendar this week.

If you are planning further in advance, I recommend 'The Psychology & Business Case for Workplace Organization' on Feb. 15th from Supply Chain Now Radio, Talent Stream, APICS Atlanta, and Beau Groover, Founder & President of The Effective Syndicate.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

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China: Beyond the Trade War Hype

Globalization has transformed the world into one big economy. Capitalist theory suggests that markets in an open and healthy economy promote widespread well-being by increasing competition and ensuring the availability of goods and services. Increased competition then drives production cost optimization, research and development, quality management, differentiation, innovation, and other positive externalities. Broadly speaking, competition generates wealth.

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Recommended Webinars July 9-13: Supply Chain Vulnerability, State of Outsourcing, Leading Procurement

After last week’s hiatus, we’re back with a full slate of webinars. If you’re looking to plan a little longer term than just this week, I recommend checking out “Don’t Go Chasing Unicorns” from Procurious and SAPAriba (a #ProcurewithPurpose webinar) on July18th at 2pm ET.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

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What would you do? Increasing the alignment of multi-functional negotiations

Picture this: your organization needs to create a multi-year contract covering critical components for its manufacturing process. Because of the technical nature of those components, management requests that the team creating the contract be led by procurement but also include engineering, R&D, and finance. Each of the people involved will have different priorities, even though all agree on what they want the end result to be. How do you present a united front at the negotiation table?

What would you do?

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LAVERGNE Management Matrix Operating Instructions: Benevolent Leadership

I created the Lavergne Management Matrix to make it possible to share and discuss ‘Benevolent Leadership’.

The managerial aptitude of a person can be evaluated according to two criteria:

  • The satisfaction of her/her employees (whether trending down, stable, up)
  • The performance of his/her employees (whether trending down, stable, up)
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The Importance of Vision, Messaging, and Alignment

Editor’s note: Scott Jancy is a multi-faceted professional, with experience as a historian, an architect, a Naval Officer, a planner, and a consultant. He blogs often on innovation, leadership, and design thinking. In his first guest post for Buyers Meeting Point, Scott takes on the topic of leadership through times of change. For procurement teams this might mean greater contact with procurement, a new organizational mandate, or the role out of different technology. Regardless of the source of the change, procurement must have a vision for the desired outcome and the messaging to build support and spread understanding.

Change of state is the physical process where matter moves from one state to another. Examples of such changes are melting, freezing, evaporation/boiling, condensation, sublimation, and deposition. Shifting temperatures and increased pressure are the usual causes of this kind of phase change in matter.

People and organizations can also change their state when subjected to stress. Typical causes include, but are not limited to, poor leadership, low employee morale, an ineffective or excessive office management, and possible job uncertainty. A team of people can either break apart or fuse together depending on how they react to the stress.

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Recommended Procurement Webinars for Jan 16 -20: Transformational Leadership, Global Contracts, and Supplier Risk

If last week was the official start to a new year of webinars, this week the industry hits its stride! All three of the events listed below are well worth your time – and if you register and attend, be sure to let me know what you thought! Click on the title of each webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

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Recommended Procurement Webinars for Dec 5 – 9: Thinking Big for the Path Ahead

This is the perfect time of year for thinking big. 2017 stretches before us, completely open and full of promise. It’s also far enough away (and on the other side of the holidays) to be more of a theory than a reality. Click on the title of each webinar below to view the full description and register or visit the BMP events calendar to see what’s on tap for the rest of the month.

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Capt. Sully Sullenberger on Crisis Leadership (Revisited)

“There’s a false dichotomy between cost and safety. Are we willing and able to account for the many costs of not having a quality operation: lack of cooperation, poor leadership, waste, and incidents and accidents? If we really and truly account for them, then safety can pay for itself. Getting it wrong is more expensive than doing it right the first time.” – Capt. ‘Sully’ Sullenberger

 

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Five Signs of a Logistics Leader

Leadership is a rare and valuable attribute that will separate a good professional from a great one. A leader will possess a unique vision and the ability to transform this into a tangible reality. Most importantly, a leader should inspire others to do the same.

A united, forward-looking outlook is the best way to continue to propel the logistics industry forward. As a fast-growing sector affected by globalisation and advancements in technology, innovators must be a driving force. Having access to new ideas will play a fundamental role in building each leader’s influence and unique impact on the organization.

Check out these five key signs of a logistics leaders to enhance your own professional standing.

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Best Procurement and Supply Chain Webinars 9/7–11: Can the CEO be a Contract Management Champion?

Webinars are back with a vengeance now that the summer vacation season has officially ended. There are over thirty events already listed on the calendar for this month, which has just barely begun. Click on the title of each event below to view the full description in the events calendar and to connect to their registration pages.

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No Decision is a Decision

The Northeastern area of the United States has had a very harsh winter with heavy snow and very cold temperatures. Buildings and homes have been in danger of roof collapses due to the weight of the snow. There was a lot of communication about the issue for over a week about protecting your property and prevention activities.

Two schools about 100 miles apart were in danger of the roof collapsing. The official policy is to get three bids to select a contractor. One school followed that procedure and by the time that happened, another storm had occurred and the roof collapsed. The second school knew they did not have time to waste on the bidding process and used volunteers to get the job done.

Obviously no decision became decision. Now there is a much larger, more complex and expensive problem to solve in renovating the school.

In our professions we are often required to make difficult decisions, sometimes stretching the rules for the better good of the company. This article from Great Leadership, 8 Ways to Decisively End Indecision, gives great suggestions.

One that I have used before is “Step back and evaluate the impact of a wrong decision”. In this case, the impact was severe with damage to a public school. Other times, it won’t really matter so that is a good barometer to use.

A second pointer is “Set time bound parameters for making the call”. If you know another storm is coming, make a decision in time to get some of that snow off the roof!!

A great piece of advice I once received was “If you don’t know what to do, do something “. You can always make a course correction but you can’t do anything if you are stuck in park.

What do you utilize to make decisions? Have you found some things more effective than others?

Share your thoughts by commenting below or tweeting us @BuyersMeetPoint.

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Frequently asked questions for Procurement Leaders

Most organizations review their associates every year. Formal feedback is given to the associate and often tied to a merit increase of some kind. Good managers are giving feedback throughout the year so there really should not be any surprises at the annual review time.

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Webinar Notes: The Leading Influence

This week’s webinar notes are from an August 27th webinar hosted by the Next Level Purchasing Association and featuring Steve Burns from the Maxwell Team. Although only premium members of the NLPA have access to the event on demand, you can hear an exclusive audio excerpt in my September 8th weekly update on Blog Talk Radio.

The focus of the webinar was how to build influence for the purpose of becoming a more effective leader. Since leadership affects so many people, you might expect it to be a collective sort of topic, but it was the exact opposite.

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What type of leader are you?

In Massachusetts there is a small supermarket chain known as Market Basket. They are currently in a dispute over the leadership. The employees are so loyal to the ex-CEO (Arthur T) that they have walked off the job at the warehouse, at the office and at the stores. The customers are also boycotting the stores. Without deliveries, the shelves are empty. This has been going on for several weeks. It is amazing that employees are giving up their livelihood and their paychecks for this executive. Clearly he is adored by the associates.

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First Impressions are Important and Lasting

I recently attended a supplier presentation that was horrendous. Their product was amazing but they really blew it. The team interrupted and contradicted each other. They were unable to get their technology and projector to work. They were not prepared for Plan B. It was a terrible first impression.

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Blog Pick of the Week: The Olympics and you

We are about to have two weeks of winter Olympic Games. This is a rare opportunity to see the world’s elite athletes compete and understand the sacrifice and work it took them to get there.

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