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When assessing areas of risk facing their departments, nearly half (45%) of Chief Procurement Officers named supplier risk as a top concern, according to a new survey by Consero Group.
For 2015, the top priority of procurement organizations is to elevate their role to more of a trusted advisor in support of improved enterprise agility, according to new Procurement Key Issues research from The Hackett Group.
Working with research partner, The Economist Intelligence Unit, the IBM Institute for Business Value surveyed 1,023 global procurement executives from 41 countries in North America, Europe and Asia.
In a technology- and process-driven world, we sometimes forget that people do business with people, says author Sigi Osagie. Organizations would do well to focus on the soft issues that can enhance their activities, or hold them back.
In this excerpt from Procurement Mojo, author Sigi Osagie writes that effectiveness is not a requirement that is peculiar to procurement. Rather, it is central to success in any realm of life.
As organizations cope with a myriad of changes, procurement is becoming more strategic and even more important. Authors Gerard Chick and Robert Handfield discuss how purchasing strategies, and the role of procurement professionals, must change to deliver real value and not…
A.T. Kearney's 2014 AEP Study finds that the best procurement organizations are at the top of their game. Meanwhile, the rest of the pack is treading water and wondering what's next for procurement.
Leading company procurement organizations reap double the measurable cost reduction versus other companies, while also driving competitive advantage through supplier-driven innovation and risk management.
To maximize the total business impact that can be achieved with procurement and supply management, the supply management organization cannot work alone.
When demand sags, inventory can all too easily pile up, putting pressure on the financial performance of the organization. The procurement team can do much to relieve the situation—and in the process exert a powerful impact on overall business performance. The six action…
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