Article by Kate Vitasek in SupplyChainBrain The ‘Vested’ Approach: A Better Way to Outsource “COVID-19 exposed and exacerbated supply chain challenges. The pressures on supply chains remain enormous, leaving many supply chain professionals with a key question: Is there a better way to work with suppliers, including critical outsourcing partners such manufacturers and third-party logisticsproviders?” […]
outsourcing
CREJ — July 2019 (Vol. 9) — 12 Ailments
12 ailments of outsourcing CRE: What they are and how to prevent them Corporate Real Estate Journal — article by Kate Vitasek and Michele Flynn. Here is a link to CREJ: https://www.henrystewartpublications.com/crej/forthcoming
Sourcing Industry Group (SIG) — 26 June 2019 — Myth-Busting
Procurement Myth-Busting – Putting Misconceptions to Rest Article by Kate Vitasek published 26 June on the SIG website. Many companies are on missions to improve their procurement processes… Here is the link: http://bit.ly/2QKbvLZ
Forbes — 18 June 2019 — Compliance Practices
Abusive Compliance Practices Hurt Retailers And Their Vendors Vendor compliance programs have become a major roadblock to retail store success… Article by Kate Vitasek published in Forbes on 18 June 2019. Here is the link: https://bit.ly/2KtlXah
Avoiding the Death Spiral
Many procurement organizations don’t realize they are in a virtual death spiral when it comes to cost-cutting. Procurement organizations that constantly demand lower and lower costs (often having a metric known as Purchase Price Variance) often find themselves in a painful death spiral with the companies’ supplier relationships. When a company gets in a tit-for-tat clash […]
Paying the Piper
The old saying goes, “He who pays the piper calls the tune.” The adage dates back to medieval times and emphasizes the fact that the person paying someone to do something decides how that something gets done. Paying the Piper makes a great deal of sense in transactional deals; if Company A is footing the bill, shouldn’t it call the shots? […]
Forbes — 5 March 2019 — RelianceCM
Succeeding With Compatibility, Transparency And Trust In High Tech Article by Kate Vitasek published In Forbes on 5 March 2019 High tech contract manufacturing is a booming business that reaches more than $1 billion in revenues per year. Is it possible for small businesses to compete and thrive against the big Chinese companies?… Here’s the […]
George Akerlof and the Lemon Problem
George Akerlof put math behind the concept of the “lemon problem” in his classic 1970 article, Akerlof (with Michael Spence and Joseph Stiglitz) received the 2001 Nobel Prize for their analyses of markets with asymmetric information. This YouTube video explains the lemon problem in an easy to understand two-minute clip. In a nutshell, there are honest sellers and dishonest sellers (e.g. those selling […]
A New Day, A New Way for Island Health and Hospitalists
Our latest case study relates the extraordinary and inspiring journey of the Victoria Island Health Authority and their Hospitalists as they used the Vested model to transform their troubled labor relationship into a highly collaborative one. Most on the team have called the shift to transformational. Some go so far to say it was more like […]
Forbes — 24 January 2019 — Employees, Suppliers
Don’t Treat Your Employees Like Suppliers Forbes Blog article by Kate Vitasek published 24 January 2019 The war for talent is 20 years strong and has changed the way companies recruit and retain talented employees. While great strides have been made in how companies treat employees, many are still in the dark ages when it […]
