We have written and spoken about Risk Management extensively – both in the Public and Private sectors.  The conundrum has often been the inability of organizations to take actions (certain costs) in the face of projected impacts (uncertain future).  Certainly Hurricane Katrina and Sandy are the most recent examples in the public sector.  Climate Change is perhaps the most significant issue facing such a dilemma in terms of getting action(certain costs) with projected doom. Till now!  Citibank’s highly touted report is perhaps one of the most compelling documents that may tip the scales and I would encourage you to read it.  Regardless of your position on the topic, it makes a compelling case that attempts to change the question from “why act” to “why not…

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JOIN NPX TODAY Membership is for SENIOR LEADERS in Strategic Sourcing or Supply Chain.  Click here to register!   WHAT MEMBERS ARE SAYING “..Hearing first hand from an executive who recently went through technology acquisition … is going to give me a huge advantage, both in selling the plan internally, and in negotiations with the vendors. I feel like I have an ace up my sleeve.”   “As the complexity and velocity of business transactions increases, corporations are placing greater emphasis on supply. The NPX forum is a great way for purchasing executives to share ideas for confronting this changing landscape.    The intimate setting and member-driven agendas are much more useful than any annual convention.”   “…provides me with an opportunity to discuss my ideas…

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A major European or Asian port is shut down for weeks due to a strike, earthquake, explosion, hurricane or attack? A major tier two offshore supplier suddenly goes bankrupt or ceases operations altogether? The lead time – not to mention the costs – to obtain key commodity inputs triples? Energy and oil costs soar globally OR drop drastically causing one of your key suppliers to go out of business? Instability within the Middle East expands? A major offshore supplier decides to enter your space and markets with a lower cost copycat product? The U.S. dollar declines, making prior global sourcing / outsourcing decisions cost neutral or ineffective? Your local, diverse suppliers are shut down due to civil unrest (e.g. Ferguson, MO) Warehousing space is scarce…

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DON’T WAIT – JOIN NPX TODAY! The Next Practices Xchange (NPX) is a collaboration of senior executives from Fortune 1,000 organizations in a forum setting sharing ideas on Strategic Sourcing and Supply Chain Management.  Our Next Meeting is on Monday, September 14th in Chicago. The topic for this session will be “Transitioning the Sourcing/Supply Chain function from a Cost Center (focused on savings) to a Strategic Partner (focused on total Value – including the topline)”.   IMPORTANT UPDATE:  REGISTER NOW BEFORE      FREE SEATS RUN OUT. Based on a number of requests, the upcoming meeting is now complimentary!  Yes, complimentary.  The Advisory Board is quite confident that once you come to the 1st meeting, you will keep coming back.  The number of attendees is limited…

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…..someone else will” was something that an old boss of mine (Percy Jackson at DEC) used to drill in my head many moons ago and it has stuck with me since then.  His point was that he would rather make sure he took care of his best people and not just spread the bonus pool around.  Years later, another boss at DEC took the entire bonus pool that he received for his group and gave it all to just 1 individual ( :-) ).  I was reminded of these incidents as I recently read about Gravity Payments and how the CEO had decided to pay a starting salary of $70,000 to ALL his employees while taking a pay cut himself.  A noble gesture with the…

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