They Did What?! Data Horror Stories Revealed

Posted: 10/25/2021 - 00:00
Author: Susan Walsh
They Did What?! Data Horror Stories Revealed

We all like a good horror story, especially a data one. It’s like when you pass an accident on the road, you can’t help but slow down to have look, and then you’re thankful it wasn’t you.

Data horror stories are just like that. It gives us comfort to know that we are not the only ones suffering and that there might be people in even worse situations out there. We’re not just going to slow down here though; we’re also going to stop and see what went wrong. That way we can avoid finding ourselves in these situations in the future.

Then and Now: What Has Procurement Accomplished in the Past 25 Years?

Posted: 10/22/2021 - 23:56
Author: Etosha Thurman
What Has Procurement Accomplished in the Past 25 Years

Procurement has changed dramatically in the past 25 years, but it is not often that we take a step back to evaluate just how much has changed. A flashback to 1996 would reveal the average procurement professional sitting at a desk stacked high with paper and a bulky, dial-up desktop computer to help with some select tasks. This is in stark contrast to today’s world, where real-time insights are at your fingertips thanks to the digitalization of procurement and the dawn of business networks.

Why Going Back to the Office Isn’t the Magic Bullet for Building Employee Morale

Posted: 10/21/2021 - 09:00
Author: Michael Levy
Why Going Back to the Office Isn’t the Magic Bullet for Building Employee Morale

When will things return to “normal?” It’s a question we’ve all been asking since early 2020 and one that has particularly been challenging for managers. They’re grappling with turnover and a people shortage because of the pandemic and now must decide if they’ll reopen offices or let work from home continue.

What is on the Horizon for Micro Fulfillment Centers?

Posted: 10/15/2021 - 09:00
Author: Ryan Yost
What is on the Horizon for Micro Fulfillment Centers?

As we are hopefully moving beyond the pandemic, one positive trend that began during the height of 2020 supply chain upheavals was the emergence of the Micro Fulfillment Center (MFC). Supply chains made swift seismic shifts to accommodate new business models during pandemic and have gained a new attitude toward flexibility and fixing what remains broken. Technology exists to accomplish additional changes that will help manufacturers, brands, retailers, and supply chains meet a new and uncertain future.

Why the Just-in-Time Supply Chain Model is Failing

Posted: 10/13/2021 - 09:00
Author: Matt Stewart
Why the Just-in-Time Supply Chain Model is Failing

The shortage of personal protective equipment (PPE) is a direct result of one of the biggest supply chain management disruptions in recent history -- the COVID-19 pandemic. These shortages aren’t just bad news for hospitals and retailers, but can often mean the difference between life and death for healthcare workers and their patients.

Power Purchase Agreements Are the Underused Path to Sustainable Energy

Posted: 10/07/2021 - 09:00
Author: Prabhav Pattapurati
Power Purchase Agreements Are the Underused Path to Sustainable Energy

With more than half of the world’s GDP dependent on nature for its resources and services, companies and their supply chains, have an outsized impact on the environment. The stark reality is that corporations continue to increase emissions of toxic greenhouse gases year after year because of their reliance on fossil fuels as a dominant source of energy.

Cloud Compliance and 4 Ways to Improve It

Posted: 09/30/2021 - 09:00
Author: Damian Alderson
Cloud Compliance and 4 Ways to Improve It

Cloud compliance accounts for a company adhering to previously established cloud usage regulations and standards that are dictated by both federal laws and industry guidelines. Let’s say your business operates within the FinTech industry. This means that you must adhere to the Fintech Law (comprising 100+ laws and multiple regulators, tribunals, etc.) in terms of how you store and handle customer data. The same goes for the healthcare industry for storing and handling patient data, and so on.

Using Procurement Analytics to Become an Agent of Change

Posted: 09/29/2021 - 00:00
Author: Omer Abdullah
Using Procurement Analytics to Become an Agent of Change

The role of procurement is changing. Okay, I know – you’ve heard that before. But after the events of 2020 and the ongoing repercussions, that change has been hugely accelerated.

Increased market volatility and a high risk of supply chain disruption have placed pressure on procurement teams to maintain profitability, better manage working capital, mitigate third-party supplier risks and drive business sustainability. As a result, those teams are playing a more central and strategic role in their organizations.

How to Get CFOs to Promote Procurement

Posted: 09/27/2021 - 09:00
Author: Jennifer Ulrich
How to Get CFOs to Promote Procurement

CPOs are always looking for new ways to increase internal advocacy and improve strategic value to elevate the role of Procurement. As the lead of an organization’s financial vision, CFOs can support their counterparts in Procurement by helping them achieve this goal.

For CFOs looking to build up that relationship, we suggest starting the conversation by focusing on building a strategic procurement plan aligned with Finance’s working capital strategy.

5 Benefits to Adding Sustainability Measures in Your Contracts (and How to Get Started)

Posted: 09/24/2021 - 09:00
Author: Jane Zhang
5 Benefits to Adding Sustainability Measures in Your Contracts

Jane Zhang and Naz Rahman, ETCH Sourcing

The value creation challenges we faced decades ago are the same that organizations still grapple with today. The main difference, however, is that the rate of innovation is accelerating daily. So, although studying the past should be a part of your strategy, we need to be careful it does not become a comfortable crutch. We cannot chart a path forward by looking backwards.

6 Cybersecurity Tips for International Business Travelers

Posted: 09/20/2021 - 09:00
Author: Ray Qin
6 Cybersecurity Tips for International Business Travelers

Without a doubt, international business travelers face a high risk of cybersecurity breaches. If you travel for work, you’ll likely have to do business on more than one device, including laptops and smartphones. If your trip is for pleasure, you might use a phone or tablet to share special moments and keep in touch with folks back home. The information on your computer or mobile device is sensitive, and you don't want it to fall into the hands of the wrong person.

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