High-performing CPOs focus on both driving the procurement function today and leading it into tomorrow. Tackling one objective without the other is short-sighted: strictly prioritizing traditional supply chain concerns — safety and accuracy, efficiency, risk mitigation, and lean principles — fails to set the strategic direction of the business, while striving to be innovative and […]
There are many factors to consider when designing a new product. What is the product trying to achieve? Is there a problem the product is trying to solve? How much will it cost? Who will use this product and in what capacity?
While procurement professionals may be synonymous with cutting costs, many organizations fail to recognize […]
Palm oil has been all over the news lately – and not just because of health concerns around the way it’s processed. The problem actually goes much deeper than that, all the way down to the depths of the supply chain. Recent reporting has shown that palm oil is often produced with slave and child […]
The baby boomer generation is retiring. This isn’t news. We’ve been talking about the impending knowledge and skills gap in procurement for years now, trying to find ways to quickly and effectively replace outgoing talent with fresh faces that bring new insights and skill sets to the table.
An underused approach for accomplishing this, but one […]
With a new year comes new opportunity for procurement to shine. There are plenty of ways to generate even more value for your organization in 2017, from more emphasis on nurturing best-in-class teams that are equipped to handle today’s ever-changing landscape, to better integration of all tools and processes to get business done better.
We’ve pulled […]
Samsung’s recent recall of the Galaxy Note 7 calls to mind a few critical supply chain lessons. There’s a big push in the technology industry to roll out upgrades and launch new products as quickly as possible, but this rush in production and innovation can’t come at the expense of quality control.
In Samsung’s case, the […]
Selecting a procurement tool that meets your organization’s unique needs isn’t easy. Every provider has its own blend of technology, services and market expertise, so how can you be confident the one you choose will help you reach your core business objectives?
There are a few key requirements to consider when choosing a partner. Start by […]
While there’s no secret formula for building a best-in-class procurement operation, procurement’s ability to impact the business and create sustainable, differentiating value depends greatly on the technology, people, relationships and processes in place.
Supply management research firm, Ardent Partners recently conducted a survey looking deeper into the traits and characteristics most common in top-performing procurement teams. […]
In a recent Deloitte CPO study, 74 percent of procurement executives said supporting enterprise-level cost reduction efforts was a top priority in 2016. However, more than 60 percent also said they felt their teams didn’t have the skills needed to achieve the desired results.
What’s a procurement leader to do? Visionaries are adopting a new way […]