Contributions for July Issue of The Best Practice Magazine:
Definition of - SMS (Selecting & Managing Suppliers); SSS (Supplier Source Selection) & SAM (Supplier Agreement Management)
SMS (Selecting & Managing Suppliers) This CA establishes the buyer and supplier partnership to ensure that quality solutions are delivered to the customer and end user.
SSS (Supplier Source Selection) Involves:
Selecting one or more suppliers to deliver the solution
Preparing a solicitation package
Evaluating the supplier's solution and managing selected connections of that solution
SAM (Supplier Agreement Management) involves:
Developing and keeping updated the supplier agreement
Ensuring that the supplier and the buyer perform according to the terms of the supplier agreement
This may seem like a ridiculously simple question whose answer comes embedded in the term itself (“Managing suppliers!”), but it can be tricky. Supplier management is a broad term, and it has become ever broader in its evolution from a post-contract area to include also strategy and planning and other pre-contract activities. In other words, supplier management has become supplier lifecycle management.
In an environment where clients are only given one shot at getting the product they want, it makes sense to define your requirements A: Giraffe! Q: How many surrealists does it take to change a lightbulb? This difference is paradigm is best explained by one of my favorite jokes from many years ago … Fixed Priced contracts don’t make a great deal of sense in a Scrum world. This is really because traditional software development and Agile software development are two different paradigms … and solutions that work in one paradigm often doesn’t make sense in another.upfront, and to then manage any risk by putting a dollar limit on the cost.
Nowadays it is very important for the companies to professionally manage its supply chain to stay ahead of competition. Six Sigma methodologies can be used for supply chain management (SCM) to get substantial improvement in supply chain quality.
Nowadays, there is much talk about the risk associated with outsourcing, vendors and supply chains. However, many organisations still do not measure associated risk and take preventive actions. Over many years, the main priority with vendors has been service level agreements (SLAs) and most of them are satisfied with 99.9 percent availability or similar. Many vendors and suppliers depend on other vendors and suppliers to provide their services. Although service levels and penalty clauses may be in place in agreements, they are not adequate when it comes to mitigating impacts caused in the organisation due to a critical vendor service failure. Further, most agreements contain a “force majeure” clause that will generally cover them for their failure, partially or fully, due to a disaster or crisis.
As we have been repeating throughout this PRO Spend Matters’ AI series, AI is the reigning buzzword of the day in sourcing and procurement software. Supplier management is no exception. Just about every vendor out there trying to get an edge in the space is claiming to have AI, even if all they have is a pinch of RPA. That’s why, in Part 1, we reviewed the technology ladder from RPA to “cognitive” — and insisted that while there is no true artificial intelligence out there today, we will start to see “assisted intelligence” and, later, “augmented intelligence” as the software gets more mature and more powerful.
Two forms of Health Check are offered the Silver Appraisal (SCAMPI B) and Gold Appraisal (SCAMPI A).
Both are led by a Certified CMMI® Lead Appraiser supported by trained Appraisal Team Members.
The primary difference between the two types of Health Check is the level of rigor and the fact that the SCAMPI A Appraisal can provide a Capability Level for each of the PMO Process Area in scope, the results can also be published on the CMMI® Institute PARS Site (Published Appraisal Results) if required.
The key deliverable being a report highlighting strengths and opportunities for improvement. This can optionally be expanded into a comprehensive PMO Improvement Plan the implementation of which can be supported by DEMIX Consultants if required.
If your PMO is not adding the value you expected then perform a DEMIX PMO Health Check to find out why!
To find out more or register interest contact Stephen Woods via the email below: