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Art of Supply

Kelly Barner, Art of Procurement

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Art of Supply, hosted by Kelly Barner, draws inspiration from news headlines and expert interviews to bring you insightful coverage of today’s complex supply chains.
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BuyersMeetPoint

BuyersMeetPoint

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ماهیانه
 
Buyers Meeting Point is an online knowledge and professional development resource for purchasing and supply chain professionals. BMP Editor Kelly Barner has worked in the field as a practitioner, a consultant at a solution provider, and as a blogger. She has also co-authored two books on procurement 'Supply Market Intelligence for Procurement Professionals: Research, Process, and Resources' and 'Procurement at a Crossroads: Career Impacting Insights into a Rapidly Changing Industry'.
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Learn from procurement experts. Host Philip Ideson talks with thought leaders who share the trends, strategies and tactics that you can lever to elevate the role of procurement - and your career.
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The Procurement Revolution 2016 was a virtual, global, multi-media movement aimed at getting procurement professionals to stand up, speak out, and drive change and was co-organized by Philip Ideson of Art of Procurement and Kelly Barner of Buyers Meeting Point. Over the course of 5 days in September 2016, 40 Revolutionaries from both within and outside the procurement profession. delivered 5 live Q&A webinars and over 50 unique pieces of audio, video, and written content. What you are about ...
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The Hectic Podcast

Darryl Kelly | Founder of Hectic

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Real conversations with real people, sharing the unique, yet universal, journeys that mold us. It’s reflecting on adversity and the ways we overcame it in hopes that it will help someone else do the same. It’s celebrating our highs and validating our lows. Above all else, it’s making connections that remind us that we’re not alone in anything we are or do. Join host Darryl Kelly, Founder of Hectic™, every week for conversations that show us that all stories are worth telling if we only ask t ...
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“At the end of the day, we're trying to create this organization from which we have the ability to help the profession move forward with more than ever before. We think in terms of what each trend or change is going to mean to each team and what they can make of the related opportunities and challenges.” - Philip Ideson, Founder & Managing Director…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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“The way we were running distribution, the processes we were using, it wasn’t a matter of, ‘Well, just incrementally improve what you’ve got.’ “We needed to rethink, take a step back and say, ‘Are we really set up the way we need to be set up?’” - Marcia Brey, VP of Logistics for GE Appliances (via the WSJ) GE Appliances recently made news for a se…
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“Everyone has an opinion about facility services in your buildings, so you're always trying to accommodate multiple stakeholders and juggle multiple departments.” - Alex Carlson, VP of Facilities Management Services at Fine Tune In the world of indirect spend management, there are few categories as complex - and high stakes - as facilities manageme…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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Procurement and supply chain professionals rely upon competitive market dynamics. After all, competition drives innovation, cost savings, efficiency, and - profit. Anything that changes the dynamics around the benefits associated with disclosed innovation has the potential to alter how companies invest, how much of that information they make public…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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“The trouble with most of us is that we would rather be ruined by praise than saved by criticism.” - Norman Vincent Peale The Art of Supply podcast regularly covers topics that come with a bit of discomfort: allegations of child labor and greenwashing, the role of government regulations in bringing about change, and China, and absolutely anything t…
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“One thing is very clear from our research: the skill sets for procurement are changing. Whatever the skill sets are today, they are not going to be the skill sets that are needed tomorrow.” -Baber Farooq, Senior Vice President, Market Strategy, Procurement Solutions at SAP SAP recently released the 2024 results of their annual Economist Impact sur…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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There are a lot of preconceived notions about the barriers preventing electrified road freight from becoming mainstream. It is seen as too difficult, expensive, complicated, inefficient, and more. Most of those perceptions are based on the approaches to electrified trucking that have been tried so far. Perhaps by taking a different approach we can …
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Category management has been around for decades - so why hasn’t it become ubiquitous? Many of the objectives procurement needs to satisfy - both qualitative and quantitative - can be addressed by a category management program. Taking a more comprehensive approach to spend and supplier management can deliver improved cost flexibility, more leverage …
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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Companies and consumers regularly rely on product descriptions to decide whether or not to make a purchase and to determine the right price for that product. In the case of seafood, those descriptions and tiers create choices for consumers, but they also provide a built in incentive for fraud at scale. Any time someone is willing to pay a higher ma…
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“What ultimately drove all of us – leadership team, colleagues, and people in procurement – was the excitement about the future. The ability to contribute very differently to the success of the company, ultimately impacting the patient journey, is a great purpose that we have – curing and helping patients.” - Patrick Foelck, Head of Strategy & Tran…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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“Every time I don't have a delivery truck stop in front of your house, 800 grams of CO2 is never created.” - Mike Robinson, Head of Retail Solutions and a Founding Member at The Eighth Notch (T8N) The ecommerce boom of the last few years has led to new business models and consumer experiences, but it has also added to the number of packages being d…
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“What’s interesting in financial services is that third-party risk management is very different than supplier risk management. When a financial institution looks at risk, they look at risk at the relationship level, not just at the supplier level.” - Arnaud Malardé, Director of Product Marketing, Ivalua In the highly-regulated financial services in…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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On June 26th, The Wall Street Journal reported that FedEx plans to spin off their freight division - and the most interesting part is why. FedEx Freight is the less-than-truckload (LTL) division of the company. It is the most profitable division, with a recent operating margin over 20 percent, compared to 11.8 percent for FedEx Ground and 2 percent…
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“You always really need to look at people, process, and technology. If you don’t look at all three and understand where you are and where you need to be in those areas, you are just going to be chasing.” - Sherry Ulsh, Director, Indirect Procurement, The Hershey Company At the CoreTrust Conference in April 2024, Philip Ideson had the opportunity to…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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According to reporting in the New York Times, about 20 million containers travel through the ports of Los Angeles and Long Beach California annually. Those containers are full of goods that need to travel to warehouses, stores, and consumer homes by truck and rail. Unfortunately, a growing percentage of those goods never arrive, thanks to a sharp u…
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“Sustainability is at the top of the agenda for businesses, because now they have to demonstrate exactly what their carbon footprint is and demonstrate with complete credibility and transparency exactly what they’re doing.” - Melanie Blackmore, Founder & CEO Blackmores (UK) Ltd and Carbonology Ltd When Melanie Blackmore, Founder & CEO Blackmores (U…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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Section 321 of the U.S. Tariff Act of 1930 contains a small provision known as ‘de minimis.’ From a Latin phrase meaning “the law does not concern itself with trifles,” this provision has become a major concern for retailers, shippers, and regulators. De minimis is supposed to simplify shipping so that packages under $800 can be sent to U.S. consum…
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“I think category management is great fun because you have the freedom to do things. It’s not following a rote process. It’s using structure to be creative. I think that’s the great benefit of it.” - Mark Webb, Managing Director at Future Purchasing For many in procurement, category management is “old hat.” Some even assume that widespread adoption…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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“You can't just come with ideas. You’ve got to show that you're going to be on the journey with them.” - Adrian Ristow, Executive Director of Project Last Mile “Coca-Cola Project Last Mile is held within the practitioners of my craft to be the flagship model of what good looks like in terms of public-private partnerships.” - David Canarutto, Privat…
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“It’s incumbent upon all of us to be change ready, to be curious, to always be learning because this overestimated technology today will truly be delivering huge results tomorrow.” - Alan Veeck, CEO & Founder at Summit Procurement There are very few voices in procurement right now – or businesses in general, for that matter – who are raising the fl…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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About 15 years ago, someone noticed that while you could buy a cold Coca-Cola in the most remote corners of Africa, lifesaving medicines that require cold chain logistics were nowhere to be found. A group approached the company and asked, will you teach us how you manage your supply chain in rural Africa so we can apply those learnings to healthcar…
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The speed of business is accelerating dramatically. Procurement can change how they address challenges and support stakeholders, or they can remain slow to adapt and miss out on key opportunities. In this week’s podcast, Eric Dulin, Director of Procurement, Digital & Technology at Yum! Brands, shares how he has shifted his mindset throughout his ca…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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Red Lobster, the largest seafood chain in the United States, declared bankruptcy on May 19, 2024. As of the filing, they had 551 locations operating in 44 states, but underperforming locations have already started to close. What brought about the bankruptcy of the restaurant chain that rapper Flavor Flav describes as “one of America's greatest dini…
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“Longer term, I think people haven’t fully understood the power of generative AI beyond their own personal use cases. But now, the central theme is really testing out where it can go.” - Nick Heinzmann, Head of Research at Zip AI has been in the mainstream long enough now that it’s time for procurement to get specific and systematic about where, wh…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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On May 25, the Federal Trade Commission announced their consent for the planned acquisition of Pioneer Natural Resources by ExxonMobil. It was the largest shale oil and gas merger ever planned. The consent may not have been a surprise, but one of the conditions was: that former Pioneer Natural Resources CEO Scott Sheffield was prohibited from takin…
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Procurement teams within private equity firms manage hundreds of portfolio teams worldwide. They must prove the value they create with each program at any given moment. With precise, robust data not always available, these teams are left to determine supplemental ways to demonstrate cost savings, capex reductions, and cost avoidance to C-suite stak…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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The Uyghur Forced Labor Prevention Act, or UFLPA, took effect in June of 2022 to protect an ethnically Turkish, predominantly Muslim minority that lives in the Xinjiang autonomous region of China. The Uyghurs have been the subject of forced labor claims and investigations - truly the stuff of supply chain nightmares. If companies try to import anyt…
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“A contract lifecycle management platform drives processes for you. That drives your price down, your risk down, and you get the best of all worlds like procurement wants." - Paul Bagley, Director of Commercial Contracting at Acosta Historically, procurement viewed contracts as a legal formality, something only to be referred to when things go wron…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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On April 30th, 2024, the U.S. Senate Committee on Armed Services, Subcommittee on Personnel, held a hearing about the Department Of Defense’s efforts to ensure service members would have access to safe, high-quality pharmaceuticals. One of the panelists invited to testify was Victor Suarez, a retired Colonel from the United States Army. He worked f…
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“You have to make investments in your supplier network if you want to be successful. The old days of ‘I have to win, and you have to lose’ are gone. We are so transparent. We are using technology. Relationships are key.” - Frank McKay, Chief Supply Chain & Procurement Officer, Jabil In 2023, Jabil conducted a 2023 Supply Chain Survey in collaborati…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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Pharmaceutical supply chains are never far from news headlines. Regular drug shortages affect our families, friends, and neighbors when they can’t access their chemotherapy treatments, ADHD medication, and pain medication - just to name a few. In 2023, Americans spent over $600 Billion on prescription drugs. That’s more than ever before — and more …
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“At the end of the day, we exist to try and help the procurement profession be more impactful. That’s the lens through which we look at everything.” - Philip Ideson, Founder and Managing Director of Art of Procurement In this milestone 700th episode, Art of Procurement Founder and Managing Director Philip Ideson has the tables turned on him as he’s…
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Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday morning at 6am US Eastern Time. Presented by a member of the Art of Procurement team, each episode has 6 short segments that summarize the week in procurement. Segments range from procurement tips to podcast summaries, from details of…
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Some corporations have chosen to wade into socially sensitive waters over the last few years and others have been pushed in from behind. The adoption of a social mission or set of causes at the company level does not guarantee ‘trickle down’ benefits to individual employees. The right to free speech is one of the most valued privileges granted in t…
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