Achieving Greatness: Buy Like the Best-in-Class
Staff -- Purchasing, 10/7/2004
PURCHASING Magazine will host its 3rd Global Procurement Conference on October 13-14. The conference will home in on issues that purchasing executives say are most important right now. Topping the list is spend analysis where most organizations begin their trek toward sourcing excellence.
Several sessions will examine the role of technology in improving purchasing and supply chain management processes. One hot button, for example, is spend management. Another is achieving the audit requirements of Sarbanes-Oxley. Each day of the conference will kick off at 11 a.m. ET with a keynote address followed by 50-minute conference sessions.
Attendees will be able to submit questions via the Web at any time during the presentations. Resource centers will feature relevant, downloadable articles, white papers, case studies and other takeaway materials.
Register today at: www.globalprocurement.purchasing.com
Featured Sessions:
Super Spend Analysis: Learn from the Best
How three of PURCHASING's 2004 Spend Analysis award winners—Intel, Microsoft, and Lucent Technologies—implement their spend management programs.
Discussion topics include corporate governance and policy frameworks, spend data capture, data hygiene, data classification schema (including a discussion on the benefits of using UNSPSC), elimination of maverick spend, data classification, supplier parent-child relationships, deployment in sourcing strategy, demand management, calculating cost savings, forming linkages with finance systems, and promoting change within the corporate organization.
Leveraging New Contract Management Solutions to Extend Procurement and SRM Strategies
Enterprise Contract Management is rapidly emerging as a key strategic initiative inside today's leading procurement organizations. As the foundation for almost all business relationships, contracts contain critical information that is essential to improving spend visibility, enforcing compliance and increasing overall supplier performance. This session will look at state-of-the-art of enterprise contract management, highlighting a new generation of solutions that tightly integrates contract processes and procedures into broader sourcing, procurement and SRM systems. Come learn why procurement executives are quickly recognizing Contract "Relationship" Management as one of the fastest and most cost effective ways to enhance their overall strategic procurement strategy, while at the same time lowering costs and risk.
"Should Cost" Procurement Strategy turns Knowledge into Substantial Cost Savings
The need to reduce part costs and implement uniform and predictable costing strategies has never been more urgent. As OEM's look to lower costs, knowing what a part "should cost" to manufacture gives procurement personnel the knowledge they need to leverage lower pricing. This session will show how IBM applied this critical supply chain management strategy worldwide using cutting edge technology, saving millions of dollars in the process.
Electronics Buyers Get Ready for Lead-Free
Need-to-know information for electronics buyers about the looming (June 2006) deadline for eliminating lead from all electronics equipment bound for Europe. While some suppliers are working feverishly to hit the deadline, others are slow to respond.
Sarbanes-Oxley in Procurement: What to Do
The SEC wants communication trails that can be audited; for long-term contracts, it wants companies to list obligations by year. Good news: Technology companies are filling the void with supplier relationship management (SRM) software that creates tight controls and accountability.
Leveraging Master Data for Global Sourcing and Visibility
For years, companies have grappled with and solved the problem of dirty customer data; now they are shifting their focus to the huge problem of dirty spend data that encompasses suppliers, products and item-master data. This session will invite participation from customers, analysts, and suppliers who are addressing master data challenges today. The panel will discuss case studies and present a first hand look at emerging core technologies and concepts in spend data management such as auto-classification, attribute extraction, product content enrichment and knowledge bases that enable better plant efficiency, cross-plant inventory visibility and enterprise procurement efficiencies.
Successful MRO Category Management
Purchasing works closely with maintenance and manufacturing colleagues to manage categories of MRO spending. Preferred suppliers help by identifying best practices for workflow, suggesting new products and developing ways to bring about supply chain efficiency. This session provides new insight into successful MRO sourcing processes.
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