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NLP Podcast
#1
The Finer
Points of Strategic Procurement
Top management
is counting on you to deliver better procurement results, but do you really
know the finer points of strategic procurement. Learn secrets for ensuring that
your procurement activities are more successful.
If you think
that simply doing a "good job" will get you promoted to higher and
higher procurement positions until you reach the CPO level, you may be in for
an unpleasant surprise. There are certain characteristics that make you
"CPO material."
When companies
seek to reduce their expenditures on goods, they often try to source new
suppliers. There are several ideas for achieving cost reductions without
switching suppliers.
Procurement
technology helps accelerate business improvements. The key to convincing senior
management to invest in procurement technology is showing them a return on
investment.
Because of the
differences between domestic and global strategic sourcing, you need the right
skills, knowledge, and tools to successfully source globally. This podcast
discusses some of the most important global strategic sourcing tools.
Green
procurement is quickly becoming a bigger focus in purchasing. Purchasing
departments are looking for better green procurement processes in order to
reduce their company's carbon footprint.
Many times,
the cost savings estimated at the beginning of a contract exceeds the amount
that you actually save. This failure to achieve cost savings potential is
called "leakage" and poses a threat to the credibility of purchasing
professionals and departments.
One of the
keys to maximizing the positive impact of a supplier relationship is
"getting your own house in order." In other words, if your own
systems, processes, and people are not up to par, you can adversely affect the
supplier's performance.
Your resume
(or CV) can either help you greatly increase your salary or hinder your career
advancement. Here's how to achieve the former with your resume.
Conducting
Market Intelligence can reduce risk, increase savings, improve decision-making,
discover new suppliers, new capabilities of existing suppliers, and countries
where capable suppliers can be found. Hargraves says it can also help you
gather data on supplier financial viability and business continuity, build cost
models for use in negotiations, and find early warnings for supply market changes.
The top
challenge facing Chief Procurement Officers is talent development, according to
recent research by Aberdeen Group and ELP. The IBM Procurement Capability
Accelerator is a coaching programme that identifies skills development needs in
Procurement people, and provides appropriate methods of developing those
skills.
Procurement
mastery is not just about a better way to procure goods and services. It is
about transforming the procurement process into a value generator. Accenture
surveyed more than 600 procurement executives across Europe, Asia and North America and found that 10 percent of companies are
high-performance businesses. They are currently delivering 30 percent higher
savings at 50 percent less cost to procure.
Converge, the
premier global supply chain partner for technology-driven companies.
Product
Procurement Essentials: Electronic component distribution is a complex process
that demands constant attention to market changes. Converge
discusses technology procurement in the spot market and how to choose a
partner.
Converge, the
premier global supply chain partner for technology-driven companies.
Converge
Interview With SEMI Trends: Bruce LeBoss, host of SEMI Trends, converses with
Frank Cavallaro, CEO of Converge regarding market conditions in the
electronic components distribution industry. Recorded live January 28,
2010.
