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…
Browsing: Next Practices
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.
Obama challenged America to create “Sputnik” moments where new innovation would break through historical obstacles. “We need to out-innovate, out-educate, and out-build the rest of the world.” was Obama’s battle cry to action.
Now is an excellent time to apply that same “State of the Union” thinking to our Supply Chain relationships. How can we create internal “Sputnik” moments with our employees? Who in our organization owns this role? Do we encourage or discourage our suppliers and customers from innovating? How do we even begin?
A few weeks ago, the famous Washington Post White House author, Bob Woodward wrote an article entitled “Military thwarted president seeking choice in Afghanistan” which was all about the critical nature of decision making. What greater decision can there be then deciding the fate of tens of thousands of young U.S. men and women as they are sent into war-torn Afghanistan? The article chronicles the process that President Barrack Obama undertook in finally deciding to send 30,000 additional troops as opposed to the 40,000 (which came highly recommended by his military leaders) in December 2009.
This is a repost from Sourcing Innovation.
Today’s guest post is from Dalip Raheja of The MPower Group, who declared that Strategic Sourcing is Dead, and who has returned to poke the hornet’s nest once more.
A very special thanks to those who engaged in a substantive debate, whether you agree or disagree with us. I am grateful for your time and kind consideration of our arguments and hope that you will continue to engage in the conversation. That was the Intended Consequence. The Un-Intended Consequence was the tone and tenor of some of the reactions. Let me apologize to those who got quite offended by my writing/language skills. As I have said in almost every conference I have spoken at over the years, I am a 3rd world immigrant trying to make a living here and learn the language at the same time, and that is still obviously a challenge for me.