Read Sourcing Innovations first article covering TMG’s latest Next Practices Xchange (NPX). The event focused on Competency Based Talent Management and was attended by Sourcing and Supply Chain executives from across the US. Read on and get Sourcing Innovation’s insights into one of our keynotes presented by Don Klock, Clinical Associate Professor of Supply Chain Management & Marketing Science at Rutgers Business School.
Browsing: Next Practices
I’m not a huge baseball fan, but my daughter gave me the book Moneyball (used at many leading business schools) by Michael Lewis and I was eager to see the movie. Brad Pitt takes a break from his jet-setting life with Angelina Jolie to play Billy Beane, the General Manager of the Oakland Athletics baseball team. Billy Beane is well-known for fundamentally redefining the way baseball teams make decisions and challenging the way teams had been managed for over a century. He essentially changes the decision criteria used to select players to a much more fact-based model, which focuses on the real value the players bring toward the Intended Consequences (getting a win). Once he redesigns the consonants (People, Process, Technology), he quickly realizes that getting to the expected results is still far away. It’s not until he focuses on the vowels (Adoption, Execution, Implementation, Optimization and Utilization) that the results start showing up. The constraints he faces should sound very, very familiar to everyone. Follow the trail and tell me if you agree that we all need to be a Brad Pitt (no that does not come with Angelina Jolie).
One of my favorite presentations of the day was delivered by Alistair Donald, the Chief Procurement Officer of Global Procurement Services of ConocoPhillips Company. Alistair’s presentation had a James Bond / Secret Agent theme which made it very entertaining as well as informative. Alistair has a wonderful story to tell of his success in transforming the Supply Management function within ConocoPhillips. Michael Lamereaux from Sourcing Innovation, an NPX attendee, wrote that Supply Management has been a key contributor to ConocoPhillips’ financial success over the last several years in his blog post, Supply Management: Secret Agent of Business Improvement (Key NPX Take Away 5) where he articulated Alistair’s value contributors.
Last week Sourcing and Supply Chain executives from a group of Fortune 500 companies from around the world gathered for The Mpower Group’s Next Practices Xchange (“NPX”) to share ideas and challenge one another on the move “From Cost to Value” within their organizations. This has been one…
As the job market opens up, many companies are going to see their talent rush out the door. Don’t be caught off guard. Ensure that your institutional knowledge is preserved and your “best and brightest” feel valued enough to stick around as the economy improves.