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perspectives on innovative supply chain management strategies
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Monthly archive for October 2012

Procurement in New Product Development: Ensuring Profit from Innovation

Procurement in New Product Development: Ensuring Profit from Innovation

Product innovation is a team sport. Product strategists dream up products that meet unmet needs and capture the customer’s imagination. Engineers translate product concepts into deliverable products that meet customer requirements with high quality. Marketing and sales persuade customers, generating demand for a new product. In short, the entire product development team pulls together to meet product launch targets. However,

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strategic sourcing

strategic sourcing

What is strategic sourcing? Lessons from the Recession – Back to Sourcing Basics Back to Sourcing Basics provides insight into the guiding principles of procurement, spend analysis, strategic sourcing and technology. We use these principles to create innovative solutions for our clients during periods of economic recession. Speaker: Santosh Nair, Director-Consulting, GEP: Strategic Sourcing – CPO’s Speak: Perfect Commerce and

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Why is sourcing / procurement so hot?

Why is sourcing / procurement so hot?

WHY IS SOURCING / PROCUREMENT SO HOT? WHAT IS THE INFLUENCE (ECONOMIC, ENVIRONMENTAL, GOVERNANCE, SOCIAL ISSUES) OF YOUR SUPPLIERS FOR YOUR REPUTATION AND BUSINESS SUCESS? THE MORE COMPLEX AND GLOBAL YOUR SUPPLIER BECOMES, THE STRONGER IT’S MANAGEMENT NEEDS TO BE! WHO WE ARE? WHERE WE ARE? WHAT WE DO? BENEFITS, VALUE PROPOSITIONS. KEY RESOURCES. Video directed, produced, written by Philippe

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Who Wins in Negotiations: Buyer or Seller?

Who Wins in Negotiations: Buyer or Seller?

This short video reveals who wins in most cases of negotiations and more importantly shows the reason why. Once you know that, it will help you to do something about it, and start becoming a better negotiator than your suppliers.   Who wins in Negotiations – Buyer or Seller from mehrSCM on Vimeo.

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How Purchasing Savings Affect the Bottom Line Dramatically?

How Purchasing Savings Affect the Bottom Line Dramatically?

Video below shows an actual example of a company where the Procurement Head showed the CFO & CEO how a 5% savings ($8 Million) equaled a $54 Million increase in sales. Of course it did not take long for the CEO & CFO to act on the suggestions and spend some money to achieve these savings. It took even a

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How to win by Procurement Best Practices?

How to win by Procurement Best Practices?

How to win & become world class by implementing Procurement Best Practices? The video below shows dozens of World class & Procurement best practices which you need to implement to become a world class purchasing & procurement organization.   Best Procurement Practices – Purchase Price Index from mehrSCM on Vimeo.

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RFID Demonstration and Applications

RFID Demonstration and Applications

Radio-frequency identification (RFID) is the use of a wireless non-contact system that uses radio-frequency electromagnetic fields to transfer data from a tag attached to an object, for the purposes of automatic identification and tracking. Some tags require no battery and are powered by the electromagnetic fields used to read them. Others use a local power source and emit radio waves

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Cross-Docking Distribution Center

Cross-Docking Distribution Center

Cross-docking favors the timely distribution of freight, a better synchronization with the demand and a more efficient use of transportation assets. The distribution center essentially acts as a high throughput sorting facility for several suppliers and customers. Cross-docking is particularly relevant to the retail sector (often within large retailers), but can also be applied to manufacturing and distribution. Its advantages

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Purchasing Capital Equipment

Purchasing Capital Equipment

Capital Equipment Procurement from MehrSCM on Vimeo. Introduction The purchase of capital equipment differs substantially from the purchase of production materials and supplies.  Leenders and Fearon classify capital equipment as to whether it is multi-purpose or single purpose.  Because these two types of capital equipment differ in versatility, technological life, residual value and number of sources, the manner in which

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Kaizen tools for a Kaizen Event

Kaizen tools for a Kaizen Event

When and how to use kaizen events Many organizations are reluctant to utilize kaizen events because such events take a team of employees away from their “real jobs” for three to five days at a time. Companies often choose to substitute kaizen events with projects assigned to one or two individuals. Because of a lack of perceived importance and a

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