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Supply chain decision-making depends on clean, accurate and pertinent data, making data governance critical. This issue explores the need for data governance (and how procurement organizations can promote it), as well as how digital twins, which rely on data, can help organizations make better-informed decisions and increase their resilience. Other feature articles examine how JPMorgan Chase’s supplier diversity initiative is making a difference, and the challenges faced by procurement departments of one.
Inside Supply Management® is a leading publication for those within the procurement/sourcing and supply chain profession. Our magazine covers essential news, innovative trends, ISM Report On Business® coverage, research analysis, leadership profiles, career strategies and much more.
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Among utility companies and supply chains, there has been more collaboration, communication and transparency, internally and externally, panelists said during a session at the recent UPMG2022 Conference in Atlanta.
Foundational to any engagement, client communication sets the tone for the project moving forward. Establishing effective communication as early as possible is pivotal in the success of a partnership. Here are six points to keep in mind before heading into your next client meeting.
A finely tuned supply chain is not enough to manage today’s continuing disruptions — whether black swan events like the coronavirus pandemic, or shorter-lived events like Suez Canal blockage. Organizations must ensure they are agile and resilient — and prepared.
With no leverage and "nowhere to turn" for prices relief, procurement and logistics professionals play the hands they’re dealt and pay whatever it takes to ensure supply.
Still an emerging capability, this ‘living, learning model’ enables organizations to use a high-fidelity mirror image to test supply chain resiliency — and determine a plan’s probability of success.
By advocating for a governance shift, coaxing other functions into more advanced systems and leveraging the importance of spend tracking, supply management can usher an analytics revolution at companies.
A procurement department of one enjoys autonomy but has sole responsibility for a company’s supply chain and must overcome a competitive disadvantage against larger organizations.
JPMorgan Chase’s supplier diversity commitment extends to growing and developing diverse businesses — and the communities they serve — by working across the organization and with key partners.
Companies can achieve bottom-line benefits through environmental, social and governance standards, and the ISM World 2022 Annual Conference will focus on helping supply management professionals deliver that value.
Friendshoring is more than a trading block: It’s also being able “to do business and move sourcing and manufacturing to countries where we share many of the same philosophies and views on the world,” a global customs expert says.
The Manufacturing and Services ISM® Report On Business® command much attention from economists and investors. Long recognized as among the most reliable economic indicators, the two reports can also be a strategic information resource for supply management practitioners and executives.
It’s All in the DeliveryFor procurement professionals and organizations, success hinges on serving know-how to stakeholders and suppliers; these 10 concepts are the ingredients for successful relationships and business outcomes.
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Camille Batiste, CPSM, C.P.M. Archer Daniels Midland Company
Kimberly DeWitt, CPSM CF Industries
Miguel Gonzalez DuPont
Michelle Hawkins, PMP Charter Communications
Joe Matthews
GENTEX Corporation
Hemant Porwal, CPSM WESCO Distribution, Inc.
Stacey Taylor TriMark USA
Judy Whipple, Ph. D.
Michigan State University
Jeffrey P. Wincel, MBA, D.Min. NXP Semiconductors
Susanna Zhu Bath and Body Works
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