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, […]
Buying procurement technology these days is a complicated business. With ever more niche vendors entering the market and established providers offering increasingly sophisticated solutions, differentiating on face value alone can be as clear as mud. However, given that your decision will have an enterprise-wide impact, it’s crucial that you assess […]
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 […]
An old friend of mine is the acting Procurement Director for a pretty large and interesting organization, whose business combines elements of services, retail and property management. He called me a few weeks ago and said “Can you answer a simple question? Should we invest in a single source to […]
An old friend of mine is the acting Procurement Director for a pretty large and interesting organisation, whose business combines elements of services, retail and property management. He called me a few weeks ago and said “can you answer a simple question. Should we invest in a single source to […]
Is your procurement organisation strategically aligned with your board’s goals? Can you make it happen?
In this forthcoming Real World Procurement Series webinar (1 March, 2017), Craig Lardner FCIPS will explain how you can achieve strategic alignment for procurement with the board. And in just 3 pages.
With a procurement career spanning […]
Rob Handfield, PhD, NC State University
We hear the words “innovation” as a source for growth in the economy over and over again. New ideas on how to manage business processes, digital technologies, ways of delivering value to customers, and supply chain linkages are all areas where we are likely to see new forms […]
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 […]
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 […]
Procurement has historically been under immense pressure to remain flexible and constantly adapt. Between keeping up with volatile economic conditions, product changes and regulatory requirements — all while focusing on adding value and increasing efficiency — change, agility and the ability to balance various critical, and often competing objectives, has […]