In an increasingly interconnected economy, the cascading impact of disruptive events — natural, geopolitical, economic or financial — has amplified the risk of wide fluctuations in the price of many commodities. For supply managers, the unchecked volatility of purchasing costs can quickly lead to trouble: Wall Street places higher value on companies with stable and predictable earnings.
and Mark Lustig
Tapping Into... Outsourcing — Crucial Considerations
Companies are improving their minority supplier development programs — and that's a great start — but more still needs to be done.
Robert B. Handfield, Ph.D.
and Steven A. Edwards
Tech-Know: Tech Issues for the Decisionmaking Supply Manager
Reverse auctions that aren't set up correctly, used in the right capacity and communicated properly to their participants may cause problems. The five-step formula given here is a primer for avoiding the stumbling blocks many supply managers face with this technology.
Legal Briefs: Supply Management's Legal Issues
When making a first-time purchase from a supplier in a foreign country, you may be forced to make advanced payment. There is another option available.
Martin J. Carrara, J.D., C.P.M.
Ex Propriis: Contemplation and Thoughts — (Translated from Latin) "Of One's Own Resources"
How would you help your new supply manager, who has no supply experience, learn on the job — and gain the respect of her staff?
Mark S. White