Secondary Benchmarking Research Bibliographies

SECONDARY BENCHMARK BIBLIOGRAPHIES

Secondary Benchmark Bibliographies

A winning position: Supplier relationship management is becoming a strategic battleground

# of pages: 4

016

Publisher: flux

Database reference:

Link: http://www.stateofflux.co.uk/ideas-insights/articles/a-winning-position-srm-strategic-battleground

Rationale for Selection:

The article talks about one of the most crucial aspect of business. It puts forward an argument as to why procurement is best placed to take charge, and offers a practical business case framework with which CPOs can approach this often-controversial issue.

Projected application to the MBP:

  • Adopt Supplier relationship management software to manage organization suppliers

  • Customer Relationship management and supplier relationship management can work hand in hand in ensuring that both the customers and suppliers are happy.

Learning Points:

&nbspThe author argues that that mature technologies such as CRM can facilitate customer management and that Most businesses have acknowledged the importance of managing customer relationships effectively,

Additionally, the emergence of SRM as helped in facilitating procurement processes

Potential Application for future MBP teams:

The team must focus on using existing technologies to meet the needs of customers and suppliers

Supply Chain News: Keys to Supplier Relationship Management Success

# of pages: 1

26 Oct 20111

Publisher:

Database reference: Digest Editorial

Link: http://www.scdigest.com/ONTARGET/11-10-26-2_SRM_Siuccess.php?cid=5113

Rationale for Selection

The articles outlines crucial ways of implementing SRM programs. In addition, it outlines the checklist of factors that can be used to measure the success of SRM programs

Projected application to the MBP:

The MBP teams are able to understand the benefits of SRM and key issues that must be considered in order to ensure successful implementation

Learning Points:

The five working streams that are crucial for the implementation of SRM include:

  • Supply management

  • Relationship management

  • Supply performance measurement and management

Potential Application for future MBP teams:

Effective SRM programs must meet each of the four requirements identified in this article

How Important is Job Satisfaction in Todays workplace

# of pages: 2

2016

Publisher: VilaNova University

Database reference:

Link: http://www.villanovau.com/resources/hr/importance-of-job-satisfaction-in-the-workplace/#.V_JT9Yh95dg

Rationale for Selection:

The article presents the importance of ensuring that employees are motivated and satisfied in their jobs while also identifying specific areas, which organization must focus on to guarantee job satisfaction

Projected application to the MBP:

Human resource is a key resource within the organization. MBP team can focus on employee satisfaction in order to improve overall productivity

Learning Points:

Employee satisfaction matters for businesses because it reduces turnover rates, improve productivity and increase benefits. Moreover, organizations can improve satisfaction by building trust, respect and attractive pay benefits

Potential Application for future MBP teams:

Implementing measures that ensure employee satisfaction is an area that organizations can look at in order to improve productivity

What is the Importance of leadership in an Organization?

# of pages: 1

2016

Publisher:

Database reference: Yourarticlelibrary

Link: http://www.yourarticlelibrary.com/business-management/what-is-the-importance-of-leadership-in-an-organization/2542/

Rationale for Selection:

The article emphasizes on the importance of leadership in any group, or organization by arguing that leaders offer a sense of direction and belonging. .

Projected application to the MBP:

Leadership is an essential factor in the success of any organization.

Having leaders within the MBP team will enhance their success in future projects

Learning Points:

  • Organizations compete by means of leadership as opposed to production levels

  • Leaders are the crucial human resources in an organization

Potential Application for future MBP teams:

The MBP team must select individuals with good leadership qualities to lead.

X, Y, and Z…How to Crash Youth marketing

# of pages: 3

2016

Publisher: Branding Magazine

Database reference: brandingmagazine.om

Link: http://www.brandingmagazine.com/2016/10/01/x-y-and-z-how-to-crush-youth-marketing/

Rationale for Selection:

Marketing strategies that target the current population of youth differ significantly from traditional marketing strategies. They must be cool, devoid of boredom, real and attractive

Projected application to the MBP:

The MBP team an apply this insights in marketing research and in designing marketing strategies that target the youth

Learning Points:

The current generation of youth need marketing strategies that are real, engaging and appears cool.

Potential Application for future MBP teams:

Design marketing strategies that meet the demands of the present population of youth.

“Clorox Sees Benefits of Treating Suppliers Like Employees”

# of pages: 3

12/13/2007

Publisher: Purchasing

Database reference: www.purchasing.com

Rationale for Selection:

Rather than working towards an immediate cost reduction/savings behavior with their suppliers, the Clorox Co. established relationships with its suppliers in order to develop long-term cooperative bonds. This allowed for both sides to be open and honest with each other, and paved the way for both sides to provide input and challenge one another.

Projected application to the MBP:

  • When choosing suppliers, purchasers can work to develop relationships with our suppliers that provide an opportunity to improve our procurement process, which will in the long run provide cost reduction/savings.

  • Savings could include discounts when certain amounts of particular items are purchased

  • Shipping reductions for bulk orders.

Learning Points:

Scott Wilkerson, a director at the Clorox Co. describing how bringing suppliers in as part of the team, “By having greater expectations of each other, we have found that performance has been raised in our organization and in the supplier organizations”.

Potential Application for future MBP teams:

Clorox Co. provides tips for treating suppliers like employees and incorporating them as part of the team:

-Create expectations and stretch goals for suppliers.

-Then help them succeed in meeting those expectations.

-Measure performance, and work on improvements.

-Encourage suppliers to provide feedback.

-Act on the feedback, with no repercussions on the suppliers.

-Visibly demonstrate appreciation for supplier success.

-Accept that termination of a supplier relationship may be necessary, but only after working through all possibilities.