Bill Michels

Looking to prove procurement’s value fast? 🚀 Join the upcoming Procurement Foundry webinar, How To Build a Scalable Vendor Management Framework, featuring Airbase’s Michael Freeman and Stephen Osmun, PMP, CPSM, Director of Procurement at GoFundMe. Stephen has launched the function at three different organizations and has learned that it all starts with a sustainable vendor management strategy. Register now to learn how to achieve quick wins and set up your procurement function for success! #Procurement #VendorManagement 🗓 Save your spot for Wednesday, October 2, 10:00 am PT / 1:00 pm ET.  Register via the link in the comments section. 👇

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Join us for an insightful webinar on "Transforming Franchise Procurement: Leveraging Procurement Marketplaces for Strategic Growth"! 🗓️ Date & Time: October 10, 2024, at 1:00 PM ET We're excited to host Jeff M., Sr. Strategy Consultant at McFadyen Digital, and Larry Pethick, Director of Customer Experience at Restaurant Supply Chain Solutions, LLC - A Yum! Brands Co-op. These industry experts will delve into how the marketplace model can revolutionize procurement processes for franchise businesses. In this session, you'll discover: ✅ The current state of franchise supply chain operations—what's working and what's not ✅ How the marketplace model can solve common procurement challenges ✅ Actionable strategies to enhance operational efficiency and align with your business goals With 10.5% of U.S. businesses operating under a franchise model, the opportunity to optimize procurement is significant. Don't miss this chance to gain valuable insights and drive your franchise's procurement success! 🔗 Register Here: https://lnkd.in/e8yBdJGt #Franchise #Procurement #OnlineMarketplaces #SupplyChain #Webinar #DigitalTransformation #McFadyenDigital #YumBrands

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Some of the issues noted in “Top 6 Obstacles to Improving Supply Chain Processes” reflect challenges we see in the healthcare supply chain. For example, the APQC article notes poor collaboration between supply chain and other functions remains a top obstacle, and in healthcare, sourcing teams often face similar issues with clinicians and medical device suppliers. The article also mentions poor governance and data management as chronic supply chain obstacles. We help healthcare supply chains tackle these problems through data enrichment and analytics. What holds your hospital supply chain back? https://hubs.li/Q02K78d80 #HealthcareSourcing #SupplyChainManagement #DataManagement

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Join GovSpend host Paige Mockler on Thursday, August 15th at 1pm ET for a live webinar, Top 5 Ways to Build a Better Pipeline in GovSpend. 📈 From having a deep understanding of the procurement process to leveraging data to identify opportunities and craft winning proposals, Paige will highlight five key strategies to build a stronger government sales pipeline in GovSpend. During this 45-minute session, you will learn how to: 1. Navigate the Procurement Process 2. Build Strategic Relationships 3. Utilize Data and Analytics 4. Create Value-Driven Proposals 5. Enhance Follow-Up Strategies 👉 Don’t miss out on these essential strategies for optimizing your government sales pipeline! Register now: https://hubs.ly/Q02KPM7B0

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The Vistage Worldwide, Inc. Tri-State Executive Summit on October 22 brought together over 600 business leaders to discuss future economic forecasts and strategies for engaging a multigenerational workforce. Key insights from the event include: Economic Outlook: ITR Economics forecasts a robust economy for 2025-2026. However, they caution about potential economic challenges in the 2030s, emphasizing the need for proactive planning. Generational Engagement: Katherine Jeffery, PhD highlighted the importance of understanding and addressing the distinct values, preferences, and expectations of each generation in the workplace. Implementing strategies that cater to these differences can positively impact the bottom line. The was also a ton of networking and connecting with the best and brightest in the Tri-State area. Vistage Worldwide, Inc., Inc. continues to support its members by providing insights into marketplace trends, preparing them for the future, and enhancing leadership effectiveness. Who is keeping you informed?

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🚀 Welcome to Equiknox Consulting LLC! 🚀 At Equiknox, we’re on a mission to empower small and medium-sized businesses with the strategic supply chain insights typically reserved for large corporations. With over two decades of experience, we bring high-impact, data-driven solutions that transform supply chains into resilient, efficient engines of growth. Why Equiknox? Our name is inspired by Post Tenebras Lux—"After Darkness, Light." We believe that with the right guidance and tools, any business can achieve clarity, efficiency, and sustainable growth, even through the toughest supply chain challenges. Our Services include: ✅ Supply Chain Strategy ✅ Cost Reduction & Spend Analysis ✅ Supplier Relationship Management ✅ Inventory Optimization ✅ Risk Management and more! Follow us for insights, tips, and updates as we help businesses navigate today’s complex supply chain landscape. 🌍 #SupplyChainManagement #SMBSuccess #EquiknoxConsulting #SupplyChainExcellence #BusinessGrowth #OperationalEfficiency #ResilientSupplyChains

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Earlier this month, our senior instructor Mark Grieco was at ProcureCon US Supply Chain in Atlanta to deliver a Keynote: Managing Supply Chain Risk through Agile Contracting. ICYMI here are the key takeaways of the session 👇 #CIPS #procurement #contracting

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The suppliers your buyers select often hinge on personal preference: the deeper your connection with your customers, the more likely they'll stick with you over time. Sales experts must navigate from building rapport to conducting insightful initial calls, demonstrating to buyers that they're fully committed to their success. In SBI, The Growth Advisory's most recent blog post, explore the four key strategies designed to empower your sales team to cultivate stronger relationships with your buyers. #sbi #gtm #commercial #sales #growth https://hubs.li/Q02w8nnW0

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A Chief Procurement Officer (CPO) recently asked us what typically leads to the failure of cost reduction programs, especially those that involve supplier suggestions for optimized design or services? APD's Founder, Jeoff Burris, decided to turn the response into this insightful blog! 💡 #costreduction #governance #bizdev #success #manufacturing #growth

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New on the blog 💡 Learn how to maximize the value of your business for sale by developing clear objectives, improving operational efficiencies that result in lower costs and more! Read the blog here: https://lnkd.in/dyB8k66N https://lnkd.in/guzNuTNu #blogpost #newblog #businessvalue #blog #businessblog #financialblog #howto #tworld

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“In the current economic climate where it’s increasingly difficult to generate and sustain growth, making procurement a strategic function can be integral to business performance.” – Todd Abner, Founder, President and CEO at OMNIA Partners. Find out how you can move your organization towards strategic procurement with our recent article in Forbes: https://hubs.la/Q02GZ1q30 #Procurement #Forbes #GPO #OMNIAPartnersAlly

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Many supply chain executives struggle to prepare for disruptions, with cost being a significant barrier to adopting new tools. In this new article from SupplyChain247, Cameron Gerhart, senior consultant for supply chain services, discusses strategies, common mistakes, and emerging trends to watch in supply chain planning.   Check out the full article to learn how to start optimizing your supply chain today: https://lnkd.in/eRAikgek

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Aligning procurement objectives with overarching business goals, category management isn't just a practice—it's a powerhouse that drives sustained success. Doug Keeley discusses the potential of category management to build resilient, efficient, and cost-effective procurement strategies in this week’s #blog! Read here: https://lnkd.in/eaawsEhu #CategoryManagement #Procurement #StrategicSourcing #OperationalExcellence #SupplyChain

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Supplier negotiations can drive cost savings and strengthen partnerships. The negotiation table isn't just about numbers – it's where partnerships are forged, value is maximized, and win-win scenarios are crafted. Partner with us to navigate successful negotiations and secure optimal deals. https://wgconsulting.com/ #partnerships #transformationservices #suppliernegotiations #businesstransformation #wgconsulting

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Curbing Maverick Buying in Procurement - A Collaborative Approach Maverick buying — that unregulated, off-contract purchasing — continues to be a bane for many organizations. It’s an age-old challenge where purchases bypass established procurement channels, often resulting in inefficiencies and unnecessary expenditures. While the initial impulse may be to reprimand the erring business units, this approach rarely rectifies the root of the issue. It’s paramount for procurement departments to introspect. A foundational question arises: Have we equipped our business units with the right tools, knowledge, and clarity to make sound purchasing decisions? The onus, dear procurement professionals, largely rests on your shoulders. Ensuring compliance isn’t about stricter controls, but about clarity, communication, and collaboration. Engage actively with the business units. It’s not merely about disseminating information but ensuring this information is timely, relevant, and easily digestible. Every contract update, every supplier change, every nuance in the purchasing process needs to be communicated. And more than just broadcasting this, it’s vital to ensure that this knowledge is understood and absorbed. Harness the power of technology and analytics. Dive into your organization’s purchasing patterns. By gaining insights into what, where, and how products and services are being sourced, you can create targeted educational and support initiatives. This isn’t just about curbing maverick buying but fostering a culture where informed, strategic purchasing becomes second nature. So, before the reprimands, invest time in understanding the pain points, addressing the gaps, and turning every stakeholder into a well-informed buyer. In the end, a well-guided organization is a well-performing one. Free top 20 rapid cost reduction levers: https://hubs.la/Q02MsrVk0 💪 #sustainability #procurement CostBits CostAdvisory https://hubs.la/Q02MsrXb0

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Curbing Maverick Buying in Procurement - A Collaborative Approach Maverick buying — that unregulated, off-contract purchasing — continues to be a bane for many organizations. It’s an age-old challenge where purchases bypass established procurement channels, often resulting in inefficiencies and unnecessary expenditures. While the initial impulse may be to reprimand the erring business units, this approach rarely rectifies the root of the issue. It’s paramount for procurement departments to introspect. A foundational question arises: Have we equipped our business units with the right tools, knowledge, and clarity to make sound purchasing decisions? The onus, dear procurement professionals, largely rests on your shoulders. Ensuring compliance isn’t about stricter controls, but about clarity, communication, and collaboration. Engage actively with the business units. It’s not merely about disseminating information but ensuring this information is timely, relevant, and easily digestible. Every contract update, every supplier change, every nuance in the purchasing process needs to be communicated. And more than just broadcasting this, it’s vital to ensure that this knowledge is understood and absorbed. Harness the power of technology and analytics. Dive into your organization’s purchasing patterns. By gaining insights into what, where, and how products and services are being sourced, you can create targeted educational and support initiatives. This isn’t just about curbing maverick buying but fostering a culture where informed, strategic purchasing becomes second nature. So, before the reprimands, invest time in understanding the pain points, addressing the gaps, and turning every stakeholder into a well-informed buyer. In the end, a well-guided organization is a well-performing one. Free top 20 rapid cost reduction levers: https://hubs.la/Q02MsrGK0 💪 #sustainability #procurement CostBits CostAdvisory https://hubs.la/Q02Mst5-0

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