Monthly Round Up: February 2019

Gain new Supply Management insights with these highlights from the last month. Want a monthly recap sent directly to your inbox? Subscribe to our newsletter today.

It’s imperative to have the right operating model to realize procurement’s full potential in your organization. Decentralized procurement gives autonomy that enables efficiency, centralized has reliable sourcing practices, and center-led has the benefit of stakeholder input from all levels. Dive into more pros and some cons of each model to decide which is optimal for your organization.

Businesses are encouraged to adopt a holistic approach to work toward a cleaner environment that will have a more “net positive” impact. A report is saying there are “revolutionary” changes ahead for supply chain that surpasses merely reducing the carbon footprint, but replenishing natural resources for long-term sustainability. This initiative is being endorsed by major industry players.

Supplier negotiations are a necessary evil, if you will, until you are seasoned enough that it becomes almost second nature. Admittedly, there can be a discomfort associated with negotiations that our procurement expert, Brian Seipel, acknowledges and aims to ease with six steps. He gives three ways around the mental game of negotiations and three tips on coming to the table prepared.

Chipotle Revamping Supply Chain Operations to Combat Food Safety Issues
There are thousands of successful Chipotle restaurants nationwide, but the company’s image is still under recovery from various food-borne illness incidents throughout the years. The pressure has motivated adjustments to their supply chain to combat these food safety concerns that are already well underway. Major changes include instituting a new supply chain team to strategically source fresh ingredients and a “Focus Prep,” program that reduces risk of contamination by minimizing the staff size for food preparation.

Ironically, the very mistrust that transparency from blockchain technology is meant to alleviate it what is preventing industry participants from forming a common blockchain ecosystem. This paradox leads to excitement over the tool's transformative possibilities, but also yields a great deal of uncertainty of success due to the lack of action. Learn what you can do to help spread the adoption of blockchain solutions

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