ICYMIM: January 16, 2017

Source One introduces a new series for keeping up with the most recent highlights in procurement, sourcing, and supply chain news week to week. To stay updated on the latest supply management articles, check in with us every Monday.

Tania Seary – Procurious, MyPurchasingCenter 1/4/2017

The importance of data security is reviewed by the founder of online procurement community Procurious in this guide to protecting the valuable information in your organization and your supplier’s organization. From where to start, the challenges with the online market place, and new technical developments, this piece is an informative place to update the IT safety within your business.

Frank Rovella – ThomasNet.com, 1/11/2017

In the final week of 2016 two of the world's suppliers of industrial gas, Praxair and Linde AG, merged to form a $66.6 billion corporation. Praxair will take the Linde name and the CEO will be headquartered in Danbury, CT. This union has predicted annual savings of $1 billion and annual revenue of $30 billion. Rovella shares the impact of this merger and how it follows after other consolidations in the industrial gas industry.

The Doctor (AKA Michael Lamoureux) – Sourcing Innovation, 1/11/2017

Driving technological advances, also known as process transformation, is a key part of successful Supply Management in any organization. In this multi-part series, Lamoureux explores different solutions for process transformation and explains why no single path is appropriate for every organization. Part I shares a comprehensive, IT-driven approach for business transformation through the use of design and delivery models and plans to administer change in the organization. Utilizing this specific approach and the influence they'll have, as well as a four step framework designed to improve distinct areas can lead to a successful process transformation. While this may be a resolution for some, Part II gives alternatives for others.
  • Process Transformation: How Do You Get It Right? Part IIThis second segment breaks down the four basic steps of a general process transformation and offers a simple road map to get through each. Starting with a benchmarking process, and then comparing it to third parties that maintain industry benchmarks to visualize where your organization stands, is the suggested first step in Part II. The next step is to identify pain points for team members, followed by reviewing published case studies relative to the processes under consideration, and finally recognizing where team members are making efforts to prevent, or avoid, the processes wherever possible.

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Catherine Nardone

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