CAPITAL SUPPLY MANAGEMENT -
My Blog

Contract or Direct-Hire

Legal Decision makes 1099 harder.
 
From Forbes in the U.S. last week comes aninteresting postabout the legality of companies who hire workers as independent contractors.
 
We all know the global workforce is becoming more fluid and nimble. It’s estimated that by 2030, up to 40% of the workforce will be independent contractors rather than traditional permanent employees. And that’s certainly not limited to Administrative/Clerical BUT a large expansion is and will be Professional & Executive level Contract – Interim Staffing such as Strategic Sourcing, Procurement, Logistics and Materials Management for example.

Why Recruiters Are Worth What TheyCharge

“When I need a heart by-pass, rest assured that I won’tselect my surgeon on the basis of what he charges.”
That’s what anailing executive recently opined when he was informed by his doctor about hisarterial blockage problems.
Why then arecorporate executives so tightfisted when dealing with what is so commonlythought of as the “heartbeat” of their companies . . . top-talent?
Companies thinkvery little about paying the often excessive fees charged by their outside accountingand legal firms . . . or even to the gaggle of consultants who promisecost-cutting and streamlining miracles in other areas of operations.

10 Commandments of Supply Chain Management

We are taking a survey and want to know what you think.
 
Please comment - what do you consider to be the 10 Commandments of Supply Chain Management.  When responding, please identify your focus (i.e. strategic, indirecct, MRO, CAPEX, etc.)
 
We'll gather all your comments and provide lists by category of all responses received.
 
Thanks for your input!

Untapped Value

I was in a meeting the other day with several peers from a large corporation and one of the topics discussed was tapping in to smaller suppliers.  Past research data has shown that large companies stick with large suppliers and small companies utilize smaller suppliers.
 
As we talked, we identified a number of reasons why this happens, the most prevalent of which is the obvious - size compatibility.  It seems that like-sized company counterparts feel more comfortable (and productive) in day-to-day business relationships because of sophistication synchronization, similar financial structure and finally, policy/procedure guideline issues.

Reinvent

About 10 years ago, I was gainfully employed by a nationally recognizable and prestigious Construction Management company.  The division I was affiliated with consisted of mostly alpha-males who were all highly-intelligent, highly-skilled in their respective specialties and all very highly-strung.  How I got there is anybody’s guess but that’s a story for another time.
 
We were focused on managing the company's portfolio of clients whose manufacturing operations required new capital expansions that were one-off type projects utilizing processes based on cutting-edge technology.

“Good times, bad times . . . you know I’ve had my share”

That Led Zeppelin song keeps resonating in my head when I think about the economic conditions that drive a Buyer’s Market vs a Seller’s Market.
 
Being in the Procurement profession for a significant portion of my career, I’ve seen a number of both – relishing in the good times.  Buy-downs, Savings and Value-Added Reports were relatively easy and the performance rewards, well . . . “Life was good”!
 
During the bad times, however, well we all know what that’s like – Tums, Ambien and/or the additional Martini at (not so) Happy Hour.

The Speed of Lightning

Ever wonder how fast lightning travels?  Did you ever care?  The USA Department of Energy gives the speed of lightning as 93,000 miles per second, which maybe a 'rough guide' figure based on the 'half the speed of light' principle!
 
In business, we are all familiar with the term Efficiency Optimization.  This is a non-stop effort aimed at continually improving performance of a given process, function or procedure.  The general goal is to have things moving "lightning quick" thereby saving time, money or whatever other metric you are focused upon.

Wind in the economic sails

It seems that lately there really are signs of life for those of us involved in capital projects and hopefully this won't just be another short-lived spike.  As capital funding is approved, the pressure will mount and with current bare-bones staff, now is the time to start the search to round out your project organization chart.  There's still a lot of "A" team players on the market but as the economy starts to recover, available resources will dwindle.  CSM can help you with your staffing needs, we maintain a database of resumes and we have an extensive network to help you with your needs.