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Magazine Archives

May-June 2016

May-June 2016

The procurement function is at an inflection point.” So begins “The reinvention of procurement," an article by Jonathan Hughes and Danny Ertel, partners at the Boston-based consulting firm Vantage Partners. The authors argue that while many leading companies have transformed their procurement organizations into a linchpin of their enterprise strategy, far too many others remain trapped by procurement models that are out of date in today’s fastpaced economy, where the acquisition of innovation, collaboration, services and solutions is more important than transactions based on the lowest cost per unit. Reinvention is a fitting theme for this issue, which coincides with the ISM conference in Indianapolis. You could say it’s time to reinvent management, too.
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May-June 2016

May-June 2016

The procurement function is at an inflection point.” So begins “The reinvention of procurement," an article by Jonathan Hughes and Danny Ertel, partners at the Boston-based consulting firm Vantage Partners. The authors argue that while many leading companies have transformed their procurement organizations into a linchpin of their enterprise strategy, far too many others remain trapped by procurement models that are out of date in today’s fastpaced economy, where the acquisition of innovation, collaboration, services and solutions is more important than transactions based on the lowest cost per unit. Reinvention is a fitting theme for this issue, which coincides with the ISM conference in Indianapolis. You could say it’s time to reinvent management, too.

Download Issue PDF.
Read the Digital Edition.



May-June 2016 Features

4
Execution managers need the S&OP plans, too
It seems S&OP teams often have little to do with execution/operations managers regarding synchronizing execution to plans. While some software...

7
Desigual’s multi-stranded approach to omni-channel
Transitioning to an omni-channel supply chain undoubtedly brings many challenges for retailers.

10
Global Links: Investing in Supply Chain Resiliency
Add “cyber exposure” and widespread fraud to the mix, and we have a daunting checklist to address before supply chains can be...

13
How They Did it: Pratt & Whitney’s Ramp Up
While many companies are challenged to grow their revenue in today’s slow economy, Pratt & Whitney faces a different Issue: How to...

24
Creative Negotiating: Rethinking the Right Way to Ink Purchasing Agreements
Long-term agreements between purchasers and suppliers are not conventional “one-and-done” deals—they are moving targets that require perpetual negotiation if they are...

30
The MRO Revolution: Leaders, Evolvers and Trailers
Long viewed as a low-impact, low-dollar function, MRO management is increasingly recognized as an opportunity to lower costs and boost performance. Leading...

38
Choice Overload
Supply chain managers are overwhelmed with choices and information. Too often the result isn’t decisiveness, but gridlock. The answer: Put in...

44
Defining excellence in the advanced procurement organization
Many companies have little visibility into their external spend in a detailed and holistic manner; it is fragmented, managed in silos by...

86
Collaboration leads to clear benefits for procurement and product development
Suppliers can inform product development and the R&D group can help select the best suppliers.

Latest Whitepaper
Third Party Risk: Too Close for Comfort
You’ve got a handle on many of the potential supply chain "disrupters" that can paralyze your business. But the real risk is embedded in areas you may have overlooked.
Download Today!
From the September-October 2017
Additive manufacturing and 3D printing promise to simplify manufacturing, reduce inventories, and streamline operations. But, to determine when and how to apply additive manufacturing, organizations need a decision model that assesses it’s market strategy, supply chain performance, and complexity.
View More From this Issue
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Latest Webcast
The Perfect Formula for Determining the Right Amount of Inventory
This webcast explains how the science of theoretical minimums, a new approach to inventory optimization, provides a simple and elegant way to reduce cost and increase customer service levels by monetizing time delays across the extended supply chain.
Register Today!
EDITORS' PICKS
Supply Chains in Advanced Markets Should Become More Agile, Says Atradius
Higher inflation, falling unemployment, and strengthening Purchasing Manager Indices all suggest...
Trade Trends Report Confirms E-Commerce Urgency
Because trade policies remain fluid, shippers must have the information needed to be flexible and...

Supply Chain Digitization of Ocean Cargo Gateways Examined by chainPORT
The chainPORT initiative is led by the Ports of Los Angeles and Hamburg Port Authority in Germany,...
Procurement Still Falls Behind in Digitized Supply Chains, Says Accenture
“The digital revolution has largely overlooked procurement,” says Accenture.