Preserving Supply Base Integrity During an Economic Downturn (A Procurement Insights Knowledge Leadership Publication)

Are Your Organization’s Current Policies and Practices a Threat to Your Supply Base?

“Do your suppliers perceive your current e-procurement strategy as a threat or a benefit to their organization?  While it is a simple question, the answer is one that will ultimately determine the success or failure of your e-procurement initiative, and in these challenging financial times even your business itself.”

Excerpt from “Preserving Supply Base Integrity During an Economic Downturn” Article (February 2009).

Talk about a loaded question!

As my regular readers will recall, this past fall I completed a six week, three continent tour that concluded with a keynote address to 400 purchasing professionals in Hampton, Virginia. 

While I covered a number of topics on this tour, one of the most thought provoking sessions was based on the question . . . “is your current purchasing strategy a threat or a benefit to your supply base?”

Given the critical nature of the question, and of course the corresponding answer’s far reaching implications, I was surprised to find that the majority of those in attendance did not know.  Of those who did venture a response, many actually believed that their current practices were in fact a threat.

Against this backdrop software vendors might be reluctant to introduce possible solutions, even if said methods represented a breakthrough for the emerging globalized supply chain practice.

However, and through this article, I will share with you the evolution of the e-LYNXX method which enables buyers to take advantage of favorable market conditions to consistently achieve best value results without taking advantage of their supply base.        

Use the following link to access the article in its entirety: http://www.slideshare.net/piblogger/preserving-supply-base-integrity  

 

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