A special report from ISM on the impacts of Hurricane Harvey has found there will be ongoing challenges around pricing, speed of delivery and certain commodities due to the storm’s destructive path through Houston, Texas. Facts, not fear. Back in July 2016, ISM’s CEO Tom Derry told Procurious why his organisation had put out … Continue reading Assessing the Impact of Hurricane Harvey
Do you know a young gun who’s already making their mark on the supply management profession? Perhaps you’re one yourself? Nominations are now open for ISM and THOMASNET.com’s “30 Under 30” Supply Chain Stars program. It’s already happening. In companies large and small all over the globe, Millennials are being asked to step up into very senior … Continue reading The Hunt Is On For 30 Under 30 Millennial Role-Models
Does the rise of eAuctions mean the professions’ hard-won negotiation skills are now irrelevant? On Procurious, we’re keeping a close eye on the rise of procurement-related technology and what it means for roles and skill-sets across the profession. One such technology – the eAuction – has proven itself to be a highly efficient way of … Continue reading Negotiation Skills? Going Once, Going Twice…Gone!
Facebook has shut down two robots after they abruptly stopped using English and invented their own language while conducting a negotiation exercise. There have been a flurry of reports over the past week about Facebook’s decision to shut down two chatbots – named Bob and Alice – after they developed a coded language that was … Continue reading Facebook AI Research Team Shuts Down Negotiating Robots
At what point should a growing business bite the bullet and professionalise procurement? New research from Wax Digital has found that the right time is surprisingly early in a businesses’ growth, but it’s usually done on the back foot. As professionals in the sector we tend to think that procurement is the sole domain of large organisations spending millions … Continue reading The Procurement Tipping Point
With the Trump administration’s “Made in America” campaign in full swing, attention has turned to the Pentagon’s global supply chain. The reasons to Buy American might be a little more compelling than you expected…. In 1933 Franklin D. Roosevelt signed into law the 1933 Buy American Act which required the Pentagon to purchase US-manufactured products for … Continue reading There’s One Key Reason To Buy American In 2017
When was the last time you reached out to a Procurement Guru? Although the battleground is changing, those among us with scars have a lot of relevant insights to share. We knew we’d be in for a treat when we locked in an interview with ISM board member Ann Oka. Ann is the former senior VP of supply … Continue reading Evergreen Wisdom for a Changing Profession