Procurement’s new direction comes complete with a number of new risks to consider. And automation accounts for a few of them. For several years now we’ve heard the same message – procurement is going to become more strategically focused in organisations. One of the key enablers cited in this change is technology and the increasing … Continue reading Are you Effectively Mitigating your Automation Risk?
Spend all your time at work fighting fires? Proactive risk management can help douse the flames and get you ahead of the game. For as long as procurement has been a profession, risk management has largely been seen as a data collection exercise, undertaken at alarmingly infrequent intervals. Often, it was nothing more than a … Continue reading Supply Chain SOS: How Proactive Risk Management Can Put Out Fires
If suppliers are treated as part of the team, rather than punching bags, it can actually help to accelerate procurement’s ability to add value. When you are hiring employees, do you focus just on the salary negotiations? With the only goal being to get the lowest cost talent? No, because we know the value we are going to receive from that individual is through many years of … Continue reading Suppliers: Partners not Punching Bags
Going from data to intelligent spend analysis? Traditional tools just don’t cut it anymore. How do we get from data to tangible, valuable ideas? Supply chain leaders today are being asked to help contribute to business growth and promote innovation while reducing costs. That’s a lot to ask. Managing expenditures across global organisations has become … Continue reading Taking Intelligent Spend Analysis to a New Level
The implementation of a category strategy is seen as best practice in procurement. But contracts themselves hold the key to success. For procurement organisations, “category management” is considered a best practice for sourcing. Simply put, category management is the process by which companies segment all the goods and services they need to procure into discrete … Continue reading Why Contracts Are Key to Executing Your Sourcing Category Strategy
Procurement can do much more than it’s already doing when it comes to sustainability. And together we really can save the world… Historically, Procurement’s mandate has involved cutting costs and little else. The reputation for barking orders and slashing spend has led to more than a little resentment within certain organisations. Business units are often … Continue reading Procurement Can…Save the World
We are living in exponential times. While that fact makes it exceedingly exciting to be alive right now, it also comes with a lot of procurement related issues. Let’s examine a few facts, and see if you can realise where I am going with this: In 1984, there were 1,000 internet capable devices. By 1992, there … Continue reading We are Living in Exponential Times