Procurement

Geopolitics, China and Russia: Why Supply Chain Managers Should Care

Monday, October 9, 2023 · Brian Straight
As the supply chain has become more global and more complicated, the influence of geopolitical events is creating more urgency for businesses to secure their networks.

The Secrets to Selling the C-suite on S&OP’s Value

Friday, October 6, 2023 · Brian Straight
The struggle to sell the C-suite on S&OP priorities can be a challenge, but Carol Cunningham has found success in doing just that and shared her secrets at the recent ASCM Connect 2023 conference.

9 Ways to Recruit Top Procurement Talent in Today’s Competitive Market

Monday, September 25, 2023 · Conrad Snover
Over the past year, there has been an uptick in procurement recruitment, a trend driven by global disruptions that exposed vulnerabilities in supply chains.

Supply Chain Due Diligence: New Regulations and What You Need to Do

Wednesday, September 20, 2023 · Craig Moss
Countries are enacting laws and directives that require companies to assess their suppliers’ environmental and human rights practices. Failure to walk that tightrope now carries the risk of legal charges and fines in addition to reputational damage.

Top 10 Signs Your Organization Needs a Talented Chief Procurement Officer

Thursday, August 10, 2023 · Steven Lutzer
A chief procurement officer offers organizations a specialist focused on managing spend, but not all organizations have such a position.

Strengthening Supply Chains: Key Steps for the Oil & Gas Industry

Monday, August 7, 2023 · By Adam Hirschfeld, vice president of sales, Workrise
No matter which team you look at — operations, supply chain, logistics, you name it — if you can’t see how you are tracking in real time, you don’t have the data to know whether the prices you’re paying align to the market in a given category.

Procurement Costs Increase, But Top Performers See Increased Advantage

Thursday, July 20, 2023 · Brian Straight
New research from The Hackett Group found that top-performing procurement organizations spend 21% less on operations than their peers.

Procurement’s data problem

Friday, June 16, 2023 · Brian Straight
Three-quarters of respondents to a SpendHQ survey said they don’t trust the data in their procurement process, leading to poor decision-making.

Reshoring isn’t the only change taking place in supply chains

Monday, June 12, 2023 · Brian Straight
Reshoring has received a lot of attention, but more companies are shifting parts of their supply lines from China to other Asian countries.

10 actions CPOs can take to overcome procurement’s toughest challenges

Monday, June 5, 2023 · Brian Straight
Supply chain challenges are now structural and could take several years to resolve themselves. McKinsey has laid out 10 steps CPOs can take to overcome some of those challenges.

Procurement: The key to supply chain resiliency

Thursday, June 1, 2023 · Ilaria Ida Walton, Iris van der Velden and Ruth Thomas
Agriculture is the keystone of global food security, but the current system is built on a house of cards. It relies on cheap labor, abundant resources and energy, and a stable supply chain.

3 ways to use procurement negotiation to combat inflation

Tuesday, May 30, 2023 · Mike Slomke
In the realm of procurement, it is crucial for professionals to strategically generate substantial value during deal negotiations, especially when dealing with supplier agreements that encompass more than mere pricing considerations.

Missing your target? Successful implementations begin at procurement

Wednesday, May 24, 2023 · Brian Straight
Only 30% of digital transformations meet or exceed a company’s expected target value. The reason? The wrong procurement process was used, say experts.

People remain stumbling block to procurement success

Monday, May 22, 2023 · Brian Straight
While technology can be an obstacle to procurement success, respondents to an ISM survey said humans remain the largest roadblock.

Procurement pros: Manual processes cost billions

Monday, May 15, 2023 · Brian Straight
Procurement professionals say the process remains manual, and billions of dollars in cost savings are being left behind as a result.
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