#15 in 15 years ….not bad! NC State breaks into the Gartner Supply Chain Program Rankings

Supply Chain View from the Field

A new Gartner 2014 Top US Supply Chain MBA Program Rankings report of top supply chain MBA programs within the United States came out yesterday – with the NC State Jenkins MBA and the Supply Chain Resource Cooperative making the list for the first time ever! This is great news, considering that NC State’s business program is only 20 years old, and its supply chain program even younger (the SCRC was founded in early 2000).

For supply chain managers to become a trusted advisor, talent management is key

Supply Chain View from the Field

A CPO in the financial services industry also noted that a need to redefine procurement’s role in the enterprise is happening, driven by the recognition that a new type of procurement capability is needed: Prior to our transformation, the ONLY metric by which our performance was measured is how much money we saved for the organization. To move towards this vision, organizations will need to re-think their approach on talent management.

A “Swiss Army Knife” of Supply Chain Talent Requirements: Views from a Former Wolfpack Student

NC State SCRC

He started in supply planning, overseeing over $100M of spend in batteries and other categories. Marsh did not have centralized approach to supply chain management. But because of their less mature supply chain organization, the net income percentage was in the low single digits. Stuart discussed the need for a supply chain Swiss Army knife skill set.

Five Predictions (About Prediction) that Every Procurement Professional Should Consider

Supply Chain View from the Field

Most spend management looks at historical spending – which is interesting, but doesn’t tell you where the puck is going! Other indicators included data pulled from the Federal Reserve economic database, the Producer Price Index, the Purchasing Managers Index, as well as internal metrics such as the size of the company’s own sales force. As we’ve noted in prior posts, talent is the key to procurement organizations.

Procurement needs to follow in the steps of marketing

Supply Chain View from the Field

A recent interview I conducted with a former Chief Procurement Officer who has worked for over 25 years in procurement in various industries captures what I believe is the true opportunity that exists for supply management executives. We need to back away from the standard 2 X 2 matrix approach, and recognize the importance and magnitude of the risk that needs to be documented in the supply chain.