Oak Brook, IL (PRWEB) September 6, 2007
The Best Practices Xchange (http://www.BestPracticesXchange.com) met on Friday, August 24, 2007 for a one day summit focused on the challenges posed by Low-Cost Country Sourcing (LCCS). It was attended by a "Who's Who" of the Midwest's top Strategic Sourcing, Procurement, and Supply Chain Executives.
Randy Ellis, Chief Procurement Officer and CIO of FMC Technologies, led a discussion on his organizations' innovative approach to Low-Cost Country Sourcing. FMC has clearly embraced the globalization of their supply chain and has been taking a very pro-active approach to making sure that they derive maximum value from the globalization.
Next, Craig Meadors, VP Enterprise Operations for CNA Insurance, discussed CNA's approach to incorporating Low-Cost Country Sourcing (LCCS) in their value chain. Similar to other organizations from the services sector, CNA has utilized this approach for the traditional areas such as Information Technology. Craig's session had a particular focus on the significant internal change management challenges that must be overcome in deploying a successful LCCS strategy, especially since moving some of CNA's other, non-traditional areas into offshore outsourcing.
Anne Kohler, one of the founding partners of The Mpower Group, presented the results of TMG's latest research on Low-Cost Country Sourcing. The discussion focused on challenges most organizations face as they try and incorporate LCCS strategies into their overall Sourcing and Supply Chain programs. Particular attention was placed on: ensuring internal alignment; decision making processes; developing core competencies around LCCS; risk identification and mitigation strategies; and offshore Supplier Relationship Management (SRM).
Ramond Lybarger, VP Procurement, John Deere remarked: "This was an extremely informative session. It is a great insight to understand what other complex organizations are doing with LCCS and how offshore outsourcing to low-cost countries affects the overall success of the company."
The Best Practice Xchange (BPX) is a by-invitation-only, peer-to-peer group with a charter to provide thought leadership, advanced solutions, and networking opportunities to group members. The group meets four times a year and the meetings are facilitated by the globally recognized and award-winning Oak Brook, IL based Sourcing, Procurement, and Supply Chain consultancy - The Mpower Group. The next meeting is scheduled for November 16, 2007 in Chicagoland,
BPX addresses major Global Strategic Sourcing, Procurement, and Supply Chain Management challenges such as:
- Building world-class Sourcing and Supply Chain Management Organizations
- Supplier Relationship Management (SRM) and Governance
- Outcome Based Process Improvement
- Integration of 6 Sigma and Strategic Sourcing
- Managing IT Outsourcing Arrangements
As is customary with every BPX meeting, one-half of the very nominal membership dues are allocated to support a charity designated by the membership. The United Way of metro Chicago was designated to receive the benefit from this quarter's meeting.
A short list of the membership of the Best Practices Xchange includes the following companies:
- VP Corporate Purchasing, Volvo Construction Equipment
- Director, Global Sourcing, Navistar International
- SVP & Chief Supply Office, Exelon
- Director of National Purchasing, Discover Financial Services
- VP Supply Chain & Administrative Services, WE Energies
- VP Administrative Services - Purchasing and Distribution, State Farm Insurance
- Director of Procurement, Sidley Austin LLP
- Senior Director - Global Technology Sourcing, McDonald's Corporation
- CIO & Chief Procurement Officer, FMC Technologies
- VP Supply Operations, Exelon
- VP & Chief Procurement Officer, Health Care Services Corporation
- AVP Enterprise Procurement Group, CNA Insurance
- VP Supply Services, Ameren
- Director Supply Chain, Invensys Corp.
- VP Purchasing, John Deere
About The Mpower Group
The Mpower Group ("TMG"), a State of Illinois certified minority supplier with offices in Oak Brook, IL, assists Fortune 500 organizations globally, solving complex issues related to their Supply Chain and Strategic Sourcing operations including outsourcing and off‐shoring. TMG emphasizes world‐class business practices related to strategy, process, and technology that truly drive superior financial results for our clients. The mission of The Mpower Group is to Mpower client organizations to become self‐reliant as quickly as possible by actively transferring skill and knowledge, while holistically integrating consulting disciplines with change management techniques. We are recognized thought leaders in Strategic Sourcing and authorities on change management, with large, complex organization experience. TMG brings focused, skilled teams to each engagement, which has a strong bias for actionable results.
Director, Sales and Marketing
The Mpower Group
2021 Midwest Road, Suite 105
Oak Brook, IL 60523
1-888-5-Mpower (toll-free USA)
(+001) 630.268.8963 (International)