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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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**The first 50 participants will be entered into a drawing to win an ipad mini.** 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.  NEXT MEETING IS ON MONDAY, SEPTEMBER 14TH IN CHICAGO. Meetings are scheduled to allow out-of-town attendees to schedule / enjoy the weekend in the host city. We are planning to have the meeting at Hamburger “U” at the beautiful McDonald’s campus.  THE AGENDA AND OUR SURVEY 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…

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As of today, the yuan has fallen by close to 5% with some reports that the target is 10%.  Technically, China is letting market forces determine the yuan’s price and not peg it to the dollar.  And the market is extremely nervous about the state of China’s economy and thus the decline.  The repercussions are being felt around the globe with lots of consternation.  While there are a number of obvious impacts – goods becoming cheaper at the local Walmart while U.S. wages and jobs decline (a connection the average consumer does not acknowledge), a boon to China’s exports (in an economy totally dependent on exports) etc. etc., there are some major implications beyond the obvious ones. By now, I’m assuming that your company has…

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