by Janice Marquardt | Jul 16, 2024 | Definitions, Processes, Savings
One of the best tools to share price risks between buyers and suppliers is index-linked pricing. Most procurement professionals have heard of and used commodity indices to tie pricing to the wider market, but in short they are a third-party tracking tool for commodity...
by Janice Marquardt | Jun 3, 2024 | Org Chart, Processes, Supply Chain Career
Recently we’ve been talking about which C-suite role a supply chain team reports to, both the more common executive leaders and the less common ones. So today we’re going to talk a bit about the structure of a supply chain team in an organization. In particular, we’ll...
by Janice Marquardt | May 28, 2024 | Definitions, Processes, Supply Chain Career
What is the difference between “supply chain” and “procurement”? One of my favorite silver linings after COVID is that when people ask me what I do, I now answer “Supply chain” and they reply, “You’re the people who get us toilet paper!” Or sometimes I can see them...
by Janice Marquardt | May 7, 2024 | Definitions, Processes
This morning as I checked my inbox, I had a survey waiting for me from World Commerce and Contracting. The survey sparked me because it asked a set of questions about the purposes of contracts, and I found my answers highly varied across the questions. I will note...
by Janice Marquardt | Apr 22, 2024 | Creative Solutions, Processes
Many supply chain teams have supplier diversity initiatives, targets, and goals. These are typically not even new programs, as many of them have been on the agenda for ten, thirty, or even fifty years. They have survived multiple supply chain leaders, multiple CEOs,...
by Janice Marquardt | Apr 9, 2024 | Processes, Savings
Sometimes in the supply chain we need quick wins. One potential source of a quick win is in paying sales taxes on shipments. While this may seem to be the responsibility of the tax department, how the supply chain structures agreements and invoices has a big impact on...
