How to Make the Most of a Group Purchasing Partnership
Minimizing the costs of doing business can be tricky and time-consuming, so an increasing number of companies are looking to group purchasing organizations (GPOs) to help them save money.
Minimizing the costs of doing business can be tricky and time-consuming, so an increasing number of companies are looking to group purchasing organizations (GPOs) to help them save money.
The trucking industry is on a growth trajectory that is predicted to continue at least through 2022, according to the American Trucking Association (ATA). In addition, reduced fuel prices are leading to more flexible, affordable shipping options.
Today, nearly every company has a chief procurement officer (CPO) leading a sourcing team in search of annual cost reductions. Over time, however, this laser focus on prices and costs has driven a commoditization of offerings that has limited competition among suppliers merely to the best price for a given specification.
When your supply chain breaks, you lose revenue, market share, shareholder value and the integrity of the brand – damage against which you cannot insure. Given such financial stakes, here are 9 criteria you should consider to make your supply chain resilient.
As more companies become increasingly customer-centric, creating a seamless end-to-end supply chain has become a vital component of the complete customer funnel. This allows organizations to optimize where, when and how they source material to fit the needs of the customer as well as the goals of the business.
Globalization offers countless opportunities for companies to expand market share, and increase revenues and profits. But for businesses to operate seamlessly across borders, it’s critical their supply chains experience no disruptions.
For decades, the relationship between American companies and China was relatively uncomplicated: The world’s most populous country served as the best base for low-cost manufacturing of goods for the U.S. market and as a rising market for American products ranging from commodities to smartphones and other consumer goods. But this relationship has been changing rapidly, and growing more complex by the day.
The West Coast ports slowdown may be over for now, but it wreaked enough havoc to give CEOs from the Pacific to the Atlantic pause. And many are concluding that it’s time to take a closer look at their supply chains.
One of the last major business successes of 2014 was how America’s biggest parcel shippers, UPS and FedEx, returned to form and made sure nearly all of their express packages were delivered across the United States by Christmas, after failing miserably at that task the year before.
“Made in the USA” is a hot pursuit for manufacturing CEOs these days. By 2015, the Boston Consulting Group predicts that cost advantages over parts of Asia and Europe will drive more companies back to the U.S. generating as many as 5 million manufacturing jobs by the end of the decade.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.