The Thomas Blog

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Manufacturing and Industrial

5 Supply Chain Lessons We Can Learn From The Summer Games In Rio

More than 10,500 athletes from 200 countries will compete in front of the cameras at the Summer Games in Rio. But those numbers pale in comparison to what’s going on behind the scenes, where two warehouses spanning 105,000 square meters will store more than 30 million items. These items include 10,000 smartphones, 54 boats, 32,000 tennis balls, 250 golf carts and 70,000 tables. Making it all possible is a team of almost 7,000 employees and 70,000 volunteers who will handle everything from registering and recording the arrival of the goods to organizing their final delivery.

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Manufacturing and Industrial

What's The Problem With Volume Commitments?

You just signed a contract that you feel will produce significant savings for your organization through category-level discounts.

Across the table is a supplier who is excited about guaranteeing increased spend. It sounds like a win-win. However, there’s a catch – the contract includes a volume commitment – and it could potentially damage your relationship between you and your supplier irrevocably.

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Procurement

Growing Procurement Engagement and Employment

 

I have the coolest job, and no one knows it. 

As the director of Profit Improvement & Procurement at Hudson's Bay Company (Saks Fifth Avenue, Hudson's Bay, Lord & Taylor, Home Outfitters), a lot of people — from merchandising to asset protection — come to my office. When we chat about what procurement team does and accomplishes, the other teams are blown away.

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