Mine archives for great ideas
Staff -- Purchasing, 5/15/2003 2:00:00 AM
Purchasing magazine's premier Global Procurement Conference, which ran on April 16th and 17th, is now archived at www.globalprocurement.purchasing.com and will be available for free access through July. Conference sessions feature innovative practices and ideas from some of the nation's most experienced purchasing, sourcing and supply management professionals.
Some highlights:
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Tie everything you do to "movement of the needle on the income statement", says Michael Katzorke, senior vice president, material, Cessna Aircraft. For more of his and other top CPO insights on performance measurement view Keynote Session I.
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First step in establishing an electronic sourcing program is to develop a comprehensive data warehouse, says Shelley Stewart Jr., senior vice president, supply chain management at Invensys. For a discussion of new technologies for sourcing and procurement plus tips on e-auctions, go to Keynote Session II.
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Create a "money room" to get immediate cost reductions on indirect spend. More ideas at How the Chemical Buying is Changing.
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There's a benefit to sharing information on e-auctions between the buy and sell sides of an organization says Jeff Baker, e-business manager at Dow Chemical. More tactical e-auction advice at E-Auction Playbook.
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Formula for obtaining the right e-sourcing technology: make a solid business case with measurable payback, use pilots to test applications, don't scrimp on training, and make usage mandatory rather than optional, says Robert Kane, director of supply chain management at General Dynamics. For more insights from Kane and others go to Enterprise Spend Management.
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One way to reduce MRO inventory: Use vending machines to dispense items like gloves and safety glasses. In addition to keeping a check on inventories, the machines help purchasing track employee usage of the supplies, according to Mary Weddle, director, global MRO and styrenics sites, purchasing and supply, Nova Chemical. More innovative practices at MRO Buying Best Practices.
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Using e-auctions to quickly bring unleveraged spend under control may be more effective than pursuing higher and higher cost savings on an existing managed spend, says Quentin Samelson, director of e-Supply Strategy at Motorola. Go to E-Sourcing ROI.
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Can't raise the funding for hot new sourcing technology? See how buyers from Kennametal and CNF solved the problem at On Demand Solutions for Procure to Pay.
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Is your organization forced to skip or under-staff sourcing activities? Are there critical category activities that lack focus? If yes to either question, it may be time to evaluate procurement outsourcing. For more questions plus three case studies view Procurement Outsourcing: Is it Right for You?
CPO Profiles – Tyco’s Shelley Stewart, Jr.
03/19/2010Why buyers are in the driver's seat
06/18/2003Agenda
06/11/2009Tune in to supply management's best minds
02/05/2003
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