The Best Practices Xchange (www.bestpracticesxchange.com) is scheduled to meet on June 19, 2006. The one day summit entitled, “The Best Practices Xchange (BPX)”, includes a “Who’s Who” of the Midwest’s top Strategic Sourcing and Supply Chain Executives. The upcoming meeting will focus on the challenges posed by effective Supplier Relationship Management (SRM).
Oak Brook, IL (PRWEB) June 14, 2006 –- The Best Practices Xchange (www.bestpracticesxchange.com) is scheduled to meet on June 19, 2006. The one day summit entitled, “The Best Practices Xchange (BPX)”, includes a “Who’s Who” of the Midwest’s top Strategic Sourcing and Supply Chain Executives. The upcoming meeting will focus on the challenges posed by effective Supplier Relationship Management (SRM).
Effective Supplier Relationship Management has constantly been identified as on ongoing challenge. It is clearly recognized that the sourcing process leading up to the contract has been nothing but an expense to both sides. Real value is exchanged between the parties only after the contract is signed. Therefore, Supplier Relationship Management becomes the most critical activity to ensure maximum value is exchanged. With that hypothesis in mind, the agenda for the next BPX meeting will revolve around Supplier Relationship Management.
Attending members will be privy to:
-A Case Study on the Integration of SRM into the Sourcing Process. Joseph Youssef, Director of Information Services at McDonald’s Corporation will discuss how this member organization integrated effective SRM into their sourcing process. Included in the discussion will be how the business process was developed as well as the value and benefit to both organizations.
-Presentation of the results of the exclusive members only BPX Supplier Relationship Management Diagnostic, followed by a discussion on how members can use the information to improve business processes.
-Governance and Risk Management in SRM Presentation. Brad Peterson, Partner at Mayer, Brown, Rowe, & Maw LLP, will lead the discussion on how to address risk during due diligence and contracting activities. Attendees will gain an understanding of key contract rights and how to use and protect them as part of SRM.
-A Roundtable Discussion on the Do’s and Don’ts of Effective Supplier Relationship Management. Facilitated by the Mpower Group, the entire group will participate in what works and what doesn’t on a number of key questions related to effective SRM.
Several network opportunities have also been built into the one day summit.
Director of Global Indirect Purchasing, Caterpillar said:
“As the complexity and velocity of business transactions increases, corporations are placing greater emphasis on supply. The BPX forum is a great way for purchasing executives to share ideas for confronting this changing landscape. The Intimate setting and member-driven agenda are much more useful than any annual convention.”
BPX is a members-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 Oak Brook, IL based Sourcing and Procurement consultancy - The Mpower Group.
BPX addresses major Global Strategic Sourcing and Supply Chain Management challenges such as:
- Building world-class sourcing and Supply Chain Management Organization
- Supplier Relationship Management (SRM) and Governance
- Outcome Based Process Improvement
- Integration of 6 Sigma and Strategic Sourcing
- Managing IT Outsourcing Arrangements
Customary with every BPX meeting, one half of membership dues are allocated to support a designated charity.
The next meeting for the Best Practices Xchange Council (BPX) will be scheduled for the third quarter of 2006. If you would like more information on The Best Practices Xchange (BPX) or to apply for membership, please contact Glenn Kwiatkowski at The Mpower Group, 630-268-8963.
About The Mpower Group:
The Mpower Group (“TMG”), a certified minority supplier, services 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 their clients. Dalip Raheja, the firm’s President and CEO, is nationally recognized for his thought-leadership and advanced strategic concepts in the areas of Strategic Sourcing and Supply Chain Management.
Contact Information:
Glenn Kwiatkowski
Director of Marketing
The Mpower Group
(630)268-8963 (Office)
www.thempowergroup.com
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