Strategic Sourcing

Beyond Acknowledgement: Seeing the Future of Sourcing Awards Through the Expanded Lens of Global Impact

Posted: 04/11/2022 - 00:00
Author: Dawn Tiura
After a two-year hiatus due to the COVID-19 pandemic, SIG CEO and President Dawn Tiura announces the return of the Future of Sourcing Awards.

A recent article reported that the COVID-19 pandemic has “affected the entire purchasing and supply chain management process.” As a result, we constantly face “multiple problems," including "supply shortages, material price increases, logistics challenges, unavailability of containers and timely vessel connections, congestion at ports, and delivery delays that significantly impact supplier performance.”

How Procurement Can Respond to Inflation and Volatility

Posted: 09/14/2021 - 09:00
Author: Simon Geale
How Procurement Can Respond to Inflation and Volatility

Inflation is a word that has been on the minds of every procurement team in 2021. We are seeing a sustained period of supply shortages and price volatility of the kind that most commercial professionals will not have experienced in their working lives. In one way or another, it is having an impact on virtually every business.

Boosting Supplier Relationships Through Total-Value Sourcing

Posted: 08/24/2021 - 09:00
Author: Alan Holland
Boosting Supplier Relationships Through Total-Value Sourcing

Sourcing leaders today operate within an intricate web of interconnected buyers and suppliers from around the globe. When awarding parts of a business, companies must weigh more than the cost of what they buy. Prospective suppliers have to be viewed through multiple lenses. Prioritizing cost savings alone may seem like a clear win for your bottom line, but it can lead to missed opportunities to capitalize on other forms of value that suppliers can extend.

Surprise, Surprise: Procurement Has Yet to Solve Its Data Challenges

Posted: 03/26/2021 - 09:00
Author: Sam Vail
Procurement Has Yet to Solve Its Data Challenges

LogicSource and Sourcing Industry Group recently conducted a joint procurement technology survey. The results revealed some consistent, yet alarming, trends in procurement spend analytics. In short, responses made it apparent that procurement organizations at-large have yet to solve their spend data quality challenges.

Three key findings from the survey indicate the market’s need for more expertise and ongoing data services as it relates to procurement spend analytics:

The Case for Changing the Chief Procurement Officer Role

Posted: 09/30/2020 - 23:19
Author: Purvee Kondal
Within your organization, have an open dialogue to explore how Procurement and the CPO role can evolve.

Procurement Sentiment and Observations

During this pandemic, many organizational CEOs and Board members have become aware of and startled by the inefficiencies and bureaucracies in their Procurement organizations. C-suite executives discovered their organizations were in predicaments with deep and broad implications none of us had previously fathomed. Most of us never imagined we’d need to find new suppliers, support, or transition from current ones to diversify for business continuity at the drop of a hat. 

A Brave New Supply Chain World

Posted: 04/08/2020 - 02:49
Author: Edmund Zagorin
World Supply Chain

To understand long-term transformations in supply chain and procurement technology, supply chain professionals must be able to understand present trends so they can help shape future realities. Experts believe the following predictions are viable hypotheses that we should consider for 2030.

Procurement Is the Ultimate Guardian of Responsible Supply Chains

Posted: 01/27/2020 - 00:00
Author: Thomas Udesen
Procurement Is the Ultimate Guardian of Responsible Supply Chains

Imagine a world where all people thrive within the environmental boundaries of our planet. Picture a planet where the immediate threat of climate disaster has been avoided and where global businesses have evolved their business models to support a responsible and low-carbon economy.

Whilst is seems a bit far-fetched looking at today’s realities, we fundamentally believe this world vision is possible and millions of procurement professionals worldwide are mission-critical in making this come true.

Rising Star Interview: Zachary Greenberger

Posted: 09/13/2019 - 23:10
Author: Zachary Greenberger
Rising Star Interview: Zachary Greenberger

How did you get into this field – was it purposeful or by accident?

A bit of both – my career started with a heavy interest in supply chain, and the desire to dive deep into and resolve complex business issues. After my first experience in strategic sourcing, I very intently pivoted to pursue a career with that focus. I felt there was a really unique ability with this type of role to influence critical decisions, develop a wide range of relationships and continuously expand my business knowledge. 
 

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