Inside Supply Management’s Best of 2016

The end of business today marks the start of Institute for Supply Management®’s end-of-year close. With our office closed through January 2, leaving plenty of holiday time to relax and enjoy our families, we admit to feeling a little bit like children on the last day of school. But before departing, we would like to leave our own little bag of goodies — the best of Inside Supply Management® of … [Read more...]

Cyber Thieves’ Latest Catch: ‘Whaling’

First, there was phishing, then spear phishing. Now, a new term has taken hold as cyber thieves aim their harpoons at even bigger catches. The result is whaling, where hackers’ bait is the highest positions of authority in a company, masquerading through email as a senior executive to attempt to fool an employee or supplier into releasing money, procurements or sensitive information. In June, … [Read more...]

Contract administration success is focus of seminar

Often, the biggest barometer of a contact’s success are the post-signing actions of the parties involved, not the words on the document itself. Ensuring it’s all about action, not words is the job of the contract administrator. “Administering Contracts: From Award to Completion,” an ISM Seminar next held July 11-13 in Pittsburgh, is designed to teach administrators the best practices that … [Read more...]

Seminar provides purchasing playbook

ISM Seminar spoiler alert: One of the first things instructor Edward F. Cocca does in “Fundamentals of Purchasing: The Building Blocks of World-Class Professionalism” is hold up a blank sheet of paper. “I’ll hold it up and point out that it has boundaries, horizontally and vertically, with a flat plane. It’s defined. That’s theory,” says Cocca, a Scottsdale, Arizona, based consultant and … [Read more...]

Twitter’s Last Blast at ISM2016

The ISM2016 Annual Conference in Indianapolis concluded with a half-day of activity on Wednesday, but participants showed an eagerness to finish strong — both onsite and on social media. The #ISM2016 hashtag received plenty of use as presenters, exhibitors and attendees shared thoughts from the Conference's last sessions and said farewell until next year. Speaking of next year, can you imagine … [Read more...]

Tuesday’s ISM2016 Sweet Tweets

The #ISM2016 hashtag continued getting liberal use during the second full day of ISM's Annual Conference in Indianapolis. Here's a sampling of the experiences that presenters, exhibitors and attendees shared on Twitter. On Tuesday, the supply management world was Tim Fiore's; everyone else was just conferencing in it. That's the case when the J. Shipman Gold Medal Award is presented, and Fiore, … [Read more...]

All A-Twitter at ISM2016

The ISM2016 Annual Conference in Indianapolis began in full swing on Monday, and while the Exhibit Hall and Conference sessions were the epicenter of bustle, Twitter tried its best to keep up. There was plenty of activity involving the #ISM2016 hashtag as Conference presenters, exhibitors and attendees shared their experiences. We'll pass along the best of ISM2016 Twitter through Wednesday. … [Read more...]

Prioritizing to Increase Efficiency

For businesses and supply management professionals, doing more with less has been a running theme for years — and one that’s probably here to stay. As a result, it’s no surprise that reducing costs while increasing productivity are high priorities among procurement leaders, according to a recent research report by The Hackett Group. However, with staffing and budgets typically remaining flat, … [Read more...]

ISM T&E Conference Focuses on Complexities of Travel

"Travel is often undervalued and misunderstood in companies despite the significant impact on people and their productivity,” says Frederic Khalil, former chief procurement officer for Guardian Life, in his opening remarks Thursday at ISM’s inaugural T&E Conference in Miami.  “However, the role of travel is becoming more important as we’re tasked with balancing people’s satisfaction and … [Read more...]

ISM T&E Conference: What’s in Your Travel Policy?

Achieving a high level of compliance is where a comprehensive, straightforward travel policy can make a difference, panelists said during the discussion T&E Policy: Implementation and Compliance on Thursday at ISM’s inaugural T&E Conference in Miami. Carol McDowell, manager of corporate travel services for the Financial Industry Regulatory Authority, says a travel policy should be written … [Read more...]