“A well trained procurement organization can add major dollars to the organization through cost savings.”
Supply Chain Management Key Concepts. This is an overview of supply chain management key concepts. We start with the basics and then increase the complexity. Many of the terms you […]
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How to Eliminate Cost in the Supply Chain. Further Detail Streamlining processes in the supply chain can help to eliminate costs in a number of ways: Reducing waste in the
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Harvard Business School: What Shows Like ‘The Office’ and ‘Friends’ Can Teach Us About Negotiation. The Office and Friends can teach us a lot about negotiation. By learning from the
What is Supply Chain? A supply chain is a network of organizations, people, activities, information, and resources involved in the production, handling, and distribution of goods and services. It includes
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The Founder – McDonald’s: How to Close a Deal in an Afternoon. This is a video from the movie “The Founder” on how to close a deal in an afternoon.
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What is a Supply Chain MBA and Should I Get One? Includes MBA Concepts. A Supply Chain Management MBA is a graduate-level degree program that focuses on the management and
What is a Supply Chain MBA? Includes MBA Concepts. Read More »
Artificial Intelligence and Procurement. Discussion on how artificial intelligence will drive efficiency and savings in procurement. Artificial intelligence (AI) has the potential to revolutionize the field of procurement by automating
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What is Supplier Selection. Supplier selection is the process of choosing suppliers for goods and services that an organization needs. It is an important aspect of supply chain management, as
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Understanding supply networks as complex adaptive systems. Professor of Supply Chain Management, Thomas Choi, discusses supply networks and the importance of multi-tier relationships and the ability to adapt quickly to
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What is Supplier Management? Supplier management is the process of managing the relationships between a company and its suppliers. It involves the selection, evaluation, and monitoring of suppliers to ensure
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