Services Purchasing

I had Lisa Ellram as an MBA Professor and she is extremely knowledgeable about supply chain.  Thought it would be great to share one of her videos.

What does it mean to have meaningful involvement in services purchasing? Would it surprise you to learn that some of your peers have very different answers? 18 min video.

Strategic Sourcing and Procurement Blogs

• ALL Procurement Blogs with details.
• B2B Purchasing Negotiation Five Strategies to Reduce Vendor Prices.
• Become a Supply Chain Rockstar and rock your career.
• Getting to Yes – Negotiation Skills (17 minute video).
• Negotiation Skills: 3 Simple Tips.
• Negotiation Skills Top 10 Tips. 11 minute video.
• Procurement supplier selection process (10 minute video).
• Procurement Training, Purchasing Training, Supply Chain Management Training.
• Science Of Persuasion (11 minute video).
• Strategic Sourcing for Successful Supply Chain Management.
• Supply Chain Cost Saving Strategies, CAPS Research.
• Supply Chain Training Resources.
• The Purchasing Process (10 minute video).
• Understanding and Optimizing Inventory in Supply Chains.

Negotiation Quotes

• “If you are good enough to compete for a top-level corporate job, you should be smart enough to know what the job pays the other gender and negotiate accordingly. If you are an employer, and you don’t pay an employee market wages, regardless of gender or orientation, you will end up with what you deserve.” ~Mark Cuban
• “The most critical thing in a negotiation is to get inside your opponent’s head and figure out what he really wants.” ~Jacob Lew
• “The best move you can make in negotiation is to think of an incentive the other person hasn’t even thought of – and then meet it.” ~ Eli Broad
• “You have to persuade yourself that you absolutely don’t care what happens. If you don’t care, you’ve won. I absolutely promise you, in every serious negotiation, the man or woman who doesn’t care is going to win.” ~ Felix Dennis
• “Never cut what you can untie.” ~ Joseph Joubert
• “The most difficult thing in any negotiation, almost, is making sure that you strip it of the emotion and deal with the facts.” ~ Howard Baker
• “What business strategy is all about-what distinguishes it from all other kinds of business planning-is, in a word, competitive advantage. Without competitors there would be no need for strategy, for the sole purpose of strategic planning is to enable the company to gain, as efficiently as possible, a sustainable edge over its competitors.” ~ Kenichi Ohmae
• “Treating suppliers like partners is critical to a company’s start-up’s success. As much as possible, figure out how you can work with your suppliers to make their lives better, whether saving them money from their vendors or saving them time with your order. By understanding their business model, you can make orders in an efficient manner, which should lower costs for everyone.” ~ Aaron Schwartz
• “Never forget the power of silence, that massively disconcerting pause which goes on and on and may last induce an opponent to babble and backtrack nervously.” ~ Lance Morrow