June 28 – July 2: Full Visibility, Lessons Learned, What We Keep Getting Wrong

This week we officially cross into the second half (or ‘H2’ as my cool business development friends say) of 2021. I personally feel like we spent the first half of the year looking over our shoulder t...
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SPECIAL EDITION: #SAP #SAPPHIRENOW Procurement Sessions

In this special edition procurement event recommendations post, I will focus on the procurement sub tracks and sessions taking place on June 8 (for the North American audience). Keep in mind that the ...
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Applying Digital Procurement to Today’s Business Challenges

Procurement is a significant business function, having operational and commercial impacts on multiple departments. Although procurement process excellence and strategic sourcing initiatives can drive ...
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Book Review: Bad Buying

“No industry or country is immune from bad buying; it exists in every nation in the world, and in almost every organization.” - Peter Smith, p. xi Bad Buying: How organisations waste billions through ...
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Book Review: The Technology Procurement Handbook

“Naturally, Industry 4.0 requires a new procurement. The factors driving the change are the hyper-competition, globalization, supply chain risks, resource scarcity and many more. But the most importan...
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Hail to XaaS!

Many years ago, our telecom operator outsourced customer bill printing. That was an example of the basic outsourcing, as the business process still stayed fragmented between the external provider, our...
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Exceptional Leadership Traits for Procurement and Supply Chain

Running a procurement or supply chain organization poses unique leadership challenges. These organizations are constantly “fighting fires,” handling unique crises, and influencing a broad network of people - internally and externally.

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Recommended Procurement Webinars April 27-May 1: A Crucial Coalition, Unlocking Strategic Value, CPO Rising 2020

In addition to the events listed below, we also get one other fantastic gift this week – we FINALLY get to turn the calendar from April to May. I can’t think that I’m the only person that is past ready to bid farewell to April 2020 forever.

If you are planning your schedule further ahead, I recommend “Contract Management Tips to Prepare for the Next Global Pandemic!” from IACCM and ContractPodAI on May 5th.

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 April 24 - 28: Procurement Finance 'Drama' Plus Millennials

It is spring, and there’s something in the air… it’s not quite romance, but there will be plenty of drama with two examinations of the procurement finance relationship on Wednesday. If you’re looking for an alternate subject, consider the role of millennials in supply chain or sourcing optimization. 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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Can Real Human Beings Be Good at Procurement?

This guest post is part of The Procurement Revolution. To share your thoughts or join the conversation, use #ProcureRev on Twitter or use the comment functionality below.   I'm Ovidiu Slimac and ...
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How Procurement Saved the American Revolution

 As we prepare to celebrate the 4th of July in the United States, we have a lot to be grateful for. We are grateful for the simple things like peak of summer traditions: fireworks, grilling, and parades. We are also grateful that in the many years since the Declaration of Independence was signed our relationship with Britain has improved. We’d be awfully sorry not to be able to work with our British colleagues and partners.

All that being said, is the 4th of July a reason to be grateful for procurement? Absolutely. Procurement played more of a role in the American Revolutionary War than most people probably realize.

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Recent Comments
Guest — martin hogan
If procurement is used in its widest sense - procuring the assistance of the French - then the argument has a smidgin of validity.... Read More
Tuesday, 08 July 2014 10:08
Guest — Kelly Barner
Martin - thank you for your comments, both here and on LinkedIn. I agree with you that all wars are ultimately won by human deter... Read More
Tuesday, 08 July 2014 13:56
Guest — CAPCA
Triangle trade between England and the colonies also involved human trafficking, which all of the colonies and England benefited f... Read More
Tuesday, 07 July 2015 00:26
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My Procurement is Your Beschaffung and Their Approvisionnement

"A rose by any other name would smell as sweet."

 -- William Shakespeare, Romeo and Juliet

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Book Review: The Procurement Game Plan

The preface to The Procurement Game Plan by Charles Dominick and Soheila Lunney starts with the question, “Why another procurement/supply management book?” Good question.   For a constantly evolv...
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The Pareto Principle at Play in Procurement

This week's Wiki-Wednesday topic is the Pareto Principle - also known as the 80/20 rule. Many of us use it all of the time, but do we really understand the implications of the distribution principle? I'm sure I hadn't fully thought about it until reading up for this weeks' posting. Other things I did not know about the primciple are that it was incorrectly attributed to early 20th century economist Vilfredo Pareto because he observed that 20 percent of the landowners in Italy owned 80% of the land. (He also noted that 20% of the pea plants in his garden produced 80% of the peas...)

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Recent Comments
Guest — JOHNSON
Interesting and educative. well done Kelly
Monday, 09 February 2015 07:35
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The Latest ISM Report on Business... in 30 seconds, 60 seconds, or 2 minutes

Effective this month, Buyers Meeting Point will start covering the release of the ISM Non-Manufacturing Report on Business. The report is released the first week of every month for the previous month. This month’s report can be found here.

If you have never read the report, it can take some adjustment. We are going to boil each report down to the basic and most useable components. I also recommend reading the ISM Report on Business Brochure.

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Webinar Notes: Procurement Knowledge Management

I've always thought of Knowledge Management systems as databases full of documents. Unwieldy, outdated, only updated when your boss reminds you that participating will be part of your annual review cycle. As it turns out, most of what we already do can be worked into a knowledge management program - we just have to be deliberate about where information goes. The other take-away isn't a new one, but it seems to be one of the hardest ones to maintain.  At the end of a project, it is important to download and record your experiences and lessons learned - for yourself next time or someone else down the road.

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Book Review: Profitable Buying Strategies

Mike Buchanan, author of Profitable Buying Strategies (as well as Two Men in a Car, Guitar Gods in Bed, and The Marriage Delusion), agreed to participate in a Q&A session with Buyers Meeting Point...
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