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Economic Outlook April Results
President's Message
May Buylines
Surely there comes a time when
counting the cost and paying the price aren't things to think about any
more. All that matters is value - the ultimate value of what one does.
James
Hilton
Times of great challenge force us to
question our thoughts and traditional ways of doing things, and to
ensure value from everything we do. Our organizations need more
creativity from us in meeting their objectives now than ever! In the
past (and still today in many traditional environments) purchasing was
simply focused on getting the lowest prices for the goods and services
we were procuring.
Our objective as supply managers is to do
our best to contribute to the overall good of the organization in total.
Operating as Supply Managers opens up to us the possibilities to impact
the organization broadly- not only by lowering cost, but by having the
potential to elevate the quality of our products and services, boost
service to our customers, advance efficiency, reduce environmental
impacts, advance the success of new products and initiatives, and
enhance the quality of work life for our teammates and colleagues.
Supply Managers….
- Truly understand the "Total Cost
of Ownership" by understanding the work processes and technical
processes in their businesses
- Work closely with their internal
customers to understand needs and assumptions
- Know when to question
"scope" and specification of goods and services
- Stay current on the markets they are
involved with, as well as economic and legal trends
- Understand their supplier's current
and potential capabilities, think creatively and are always looking
to improve
Our speaker for our May 19 dinner meeting
and our May 20 seminar is Mike Harding, an accomplished supply manager,
teacher, author, and consultant. Mike has achieved great results for his
organizations and clients, and will give us some fresh thoughts on
"How We Make it Expensive for Suppliers to Sell to Us" and
"Lean Purchasing". We invite you to join us, progress in your
Supply management journey, and learn some new tools to help your
organization become more powerful and profitable!
Julie B. Wulff, C.P.M.
President@ismstlouis.org
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