Source One's series for keeping up with the most recent highlights in procurement, strategic sourcing, and supply chain news week-to-week. Check-in with us every Monday to stay up to date with the latest supply management news.
5 Benefits of Multi-tier Supply Chain Transparency Kellyann Tsai, Spend Matters, 9/16/2019 We know by now that vetting your third, fourth, and even fifth party suppliers has major benefits for your supply chain. You could optimize your budget, dramatically increase efficiency, and even eliminate CSR risks. You also know that multi-tier supply change management can be challenging. Kellyann Tsai thinks it’s worth it; she provides five major benefits to multi-tier supply chain transparency. How Do You Identify Dead Companies Still Standing? Michael Lamoureux, Sourcing Innovation, 9/4/2019 One small spreadsheet typo could cost a company billions. Although the Microsoft Excel program is still a leading app for supply chain managers, companies might want to switch to more error-proof software. Michael Lamoureux explains that Excel is the new “paper” and why your company probably needs an upgrade. 3 Areas Where CSR Risks Hide in Your Indirect Spend Nick Heinzmann, Spend Matters, 9/18/2019 Indirect spend is already an animal of a category to manage. But, it’s important to remember that on top of operational risks, there are endless ethical risks to avoid as well. It is essential that your company and all other stakeholders are assessing CSR risks both to maintain ethical standards and reduce reputational liabilities. Nick Heinzmann gives his insight into the hidden CSR risks associated with indirect spend.