Thursday, October 27, 2005

Force Majeure Clauses

I hope that you have enjoyed the article, "Is Your Force Majeure Clause Too Weak?"

I teach more about Force Majeure (including the definiton of Force Majeure and examples of an actual Force Majeure clause) in our class "Supply Management Contract Writing."

Are you having a particular Force Majeure problem? Or have you made it through a supplier's Force Majeure declaration unscathed?

Share your experiences with other education-minded supply chain professionals by clicking the Comments link below.

I'd love to hear what you're doing and perhaps share some of my own experiences more personally with you.

Thanks for stopping by!

Respectfully,
Charles Dominick, C.P.M., SPSM
President
Next Level Purchasing, Inc.
Give Your Purchasing Career A Boost By
Earning Your SPSM Certification Online At
http://www.NextLevelPurchasing.com

Sunday, October 23, 2005

Purchasing Magazine Articles

Purchasing Magazine's October 6, 2005 issue featured quotes from me in a couple of their articles.

First, they did a story about the SPSM Certification, our satisfied students, and the value that the SPSM brings to employers. Click here to read the article about the SPSM Certification.

Second, they featured my advice on sourcing a new category of goods or services. Click here to read the article about sourcing.

I recently also did another interview with another magazine. When it is out, I'll post the details here, so stay tuned!

Respectfully,
Charles Dominick, C.P.M., SPSM
President
Next Level Purchasing, Inc.
Give Your Purchasing Career A Boost By
Earning Your SPSM Certification Online At
http://www.NextLevelPurchasing.com

Wednesday, October 19, 2005

2005 Supplier of the Year

Next Level Purchasing teaches the value of managing supplier performance in general and, specifically, the value of rewarding those suppliers who perform well. And we practice what we preach.

We recently announced our winner of our 2005 Supplier of the Year Award - Karen Oakley Designs out of Hewitt, Texas. Here's what I had to say in our press release:

"A business image is a key growth factor," said Charles Dominick, C.P.M., SPSM, president of Next Level Purchasing. "Karen Oakley Designs has helped Next Level Purchasing brand our image with its top-quality design work. In addition, Karen Oakley Designs' service and commitment to customer satisfaction is second-to-none in any industry. Next Level Purchasing is proud to honor Karen Oakley Designs as our 2005 Supplier of the Year."

Too often, purchasing professionals get caught up in dealing with the suppliers that are involved in operational crises. It is important to also give plenty of attention to those suppliers that help you succeed day in and day out. Contrary to what you may think, it doesn't take much time nor much money.

Perhaps I'll detail the simple process we used in a future edition of PurchTips.

Until then, don't forget to thank your excellent suppliers.

Respectfully,
Charles Dominick, C.P.M., SPSM
President
Next Level Purchasing, Inc.
Give Your Purchasing Career A Boost By
Earning Your SPSM Certification Online At
http://www.NextLevelPurchasing.com

Friday, October 14, 2005

Safety Stock Calculation

I hope that you have enjoyed reading the article, "A New Safety Stock Calculation."

Safety stock levels are undoubtedly being reviewed in supply chain departments throughout the world these days. With Hurricanes Katrina and Rita devastating the Gulf Coast and forcing many suppliers to declare Force Majeure, executives are asking supply chain managers "What should you have done to prevent us from having interrupted supply?"

Maintaining higher inventory and safety stocks is one answer but certainly not the only one. In fact, it may be the last resort.

Forward buying prior to hurricane season, identifying substitute suppliers, and countless other options exist. Focus on identifying the option with the least total cost without compromising continuity of supply.

I know, you've heard so much about the hurricanes that you probably were hoping not to read about them here too. But, let's face it, their effects are still to this day being felt throughout the supply chain. And we don't know what Force Majeure event will come next.

(By the way, if you don't know what Force Majeure is, you may want to check out our online course "Supply Management Contract Writing").

Until next time, good luck keeping your continuity of supply!

Respectfully,
Charles Dominick, C.P.M., SPSM
President
Next Level Purchasing, Inc.
Give Your Purchasing Career A Boost By
Earning Your SPSM Certification Online At
http://www.NextLevelPurchasing.com

ShareThis