Posted: 03/20/2019 - 03:41
Posted: 03/15/2019 - 02:18
The World Economic Forum (WEF) reports that $2 trillion U.S. dollars are wasted every year on corrupt purchasing decisions. Some of those decisions may intentionally be corrupt; however, many of them are likely to be unintentional and rather, a result of an error-laden, misguided procurement process.
Posted: 03/13/2019 - 03:11
Organizations are increasingly focused on “digital transformation.” They want to redefine business models, create new ways of engaging with customers and drive significant gains in operational efficiency. To achieve these aims, leaders seek to leverage capabilities that include intelligent automation, data analytics, cloud deployment and Agile methodologies.
Posted: 03/09/2019 - 04:16
In today’s fast-paced business environment, sourcing and procurement departments are often left in a difficult position; they are required to become quicker and more proficient when it comes to sourcing the essential direct and indirect materials their companies need to do business, but saddled with a source-to-settle process filled with risks and inefficiencies.
Posted: 03/09/2019 - 01:24
In 1897, while Mark Twain was in London on a speaking tour, someone started a rumor that he was gravely ill. Another rumor was that he had died. When a newspaper reporter asked Twain for his response to these rumors, he replied, “The report of my death was an exaggeration.”
Posted: 03/06/2019 - 02:45
Posted: 03/05/2019 - 02:54
In my previous post, I discussed the future of intelligent technologies. In this piece, I share key themes, challenges and opportunities that lie ahead in 2019 for organizations seeking to serve customers better with digital supply chain capabilities.
The Global Perspective
Posted: 03/02/2019 - 02:40
The job market has changed radically in the last four years. This is now a candidate driven market and employers consistently name skills shortages as their primary challenge in refining procurement. This lack of talent is what holds companies back from getting to the next level. It stagnates growth, market share and revenue.
Posted: 03/01/2019 - 04:02
Whether you read the news on purpose or stumble upon headlines inadvertently, it is tough to miss the stream of stories related to the impacts of climate change. For me, experiencing the California wildfires of 2018 as a new Bay Area resident was an eye-opening period. My place of residence was uninhabitable due to smoke pollution at the same time that I was speaking on a panel regarding catalysts for supplier action on climate risk. The call to action could not have been louder.
Posted: 02/25/2019 - 02:42
A growing number of CFOs across Europe are now looking to their procurement teams to support their companies’ business growth strategies. Procurement is not just simply a back-office function, but a proactive business tool, able to deliver short-term gains and also help a business work towards long-term objectives.