Supply Excellence
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Podcast Exclusive: Supply Excellence Meets Spend Matters

November 27th, 2006 · by Tim Minahan · 2 Comments · best practices, events, supply management, supply risk

Okay, so it’s not Rocky versus Drago. (Or even Britney versus K-Fed.) But Spend Matters blogmaster Jason Busch and I are teaming up and squaring off to highlight and debate spend and supply management strategies on an iPod (or Zune) near you.

SupplyNow, a new montly podcast series from Spend Matters and Supply Excellence, tackles today’s most pressing supply management issues. Each episode features an industry expert or practitioner who will weigh in on supply market trends, strategies, and best practices. Jason and I will also share the latest supply news, respond to questions posed by readers of our respective blogs, and debate the more controversial spend and supply management approaches and issues of the day.

This month’s SupplyNow podcast features Mark Hillman, AMR Research’s supply risk czar. In it, Mark previews his latest research into supply risk, revealing the top areas of supply risk and how to monitor and protect against them. For example, he reports that one-third of companies have dedicated line-item budgets for supply risk management, and that 54% expect spending on resources and technology to monitor and manage risks will increase this year. Mark’s interview is a must hear for any executive trying to assess how best to assess and control supply risk.

Episode one also delves into the most common pitfalls of supplier performance scorecarding, reveals today’s Top 5 Supply Strategies, and examines the skills and challenges of becoming (and remaining) a Chief Procurement Officer (CPO). As you might expect, the innagural SupplyNow broadcast concludes with a verbal jarring of the differences between spend and supply management.

I encourage you to listen and provide feedback in the comment section below. Or e-mail me at tim@supplyexcellence.com

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2 responses so far ↓

  • 1 Supply Excellence » The China Syndrome. What You Don’t Know Could Hurt You - Soon. // Mar 1, 2007 at 10:28 am

    [...] You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your ownsite. [...]

  • 2 Supply Excellence » Kicking and Screaming: My Top Picks for 2007 // Mar 29, 2007 at 8:44 am

    [...] You will experience a shock to your supply chain: Studies from AMR Research, Aberdeen Group, and others point to the same conclusion: despite growing concerns over supply disruptions, few companies are sufficiently prepared to assess or mitigate supply risks. Low-cost country sourcing coupled with lean and just-in-time inventory approaches have increased the likelihood of supply disruptions. (Not to mention tightening supply markets and inflation.)  AMR’s Mark Hillman reports that such factors have cuased supply managers to prioritize investments in risk management resources and technologies. But history shows that few companies really make such investments until they get burned. Just ask Ericsson, which wound up getting burned with a major supply outage and production shutdown due to overly aggressive cost-cutting and sole-sourcing strategies. The cell phone maker has since developed one of the most enviable risk management programs, creating risk profiles and approaches by commodity and corrective action strategies. [...]

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