How to Gain Agility in Your Purchasing and Contracting Processes

Posted: 09/17/2021 - 09:00
Author: Andy Wishart
How to Gain Agility in Your Purchasing and Contracting Processes

In today’s business world, time isn’t just money. Time is everything. To achieve a competitive advantage, procurement teams must complete their business objectives with more agility than ever.

But what does more agility in purchasing and contracting practices actually mean? How can a business adapt its existing operations to keep pace with industry leaders and mitigate high-level risk without sacrificing quality, compliance or reliability?

How Procurement Can Respond to Inflation and Volatility

Posted: 09/14/2021 - 09:00
Author: Simon Geale
How Procurement Can Respond to Inflation and Volatility

Inflation is a word that has been on the minds of every procurement team in 2021. We are seeing a sustained period of supply shortages and price volatility of the kind that most commercial professionals will not have experienced in their working lives. In one way or another, it is having an impact on virtually every business.

How to Recognize and Manage Supplier Red Flags

Posted: 09/13/2021 - 09:00
Author: Stephany Lapierre
How to Recognize and Manage Supplier Red Flags

Global trends, including the COVID-19 pandemic, have taught procurement professionals the value of identifying supplier red flags and mitigating the risks they may pose before it’s too late. To do this, some organizations are making local buying their top priority, while others are committing to consolidating their supplier lists or further diversifying as their needs demand.

Enabling Procurement Efficiency: How Ace Hardware Accelerates Business Outcomes

Leading sourcing and procurement organizations are undergoing rapid digital acceleration in response to the past year of uncertainty and disruption. How can you keep one step ahead and gain full visibility into your source-to-pay process?

On September 30th, join Ace Hardware and Workday as they explore how high-performing procurement teams automate their sourcing and procurement processes.

You will learn to:

Optimizing Offshore: The Key to Increasing Productivity while Minimizing Risk

The opportunity for procurement leaders to step up to the plate and navigate the unique challenges and opportunities of how to manage costs and supply chain decisions in 2021 and beyond is now. 

In this webinar, CEO and Co-Founder of leading IT talent provider SMC Squared, Dr. Patricia Connolly will share how to rethink your global talent strategy in order to minimize spend and achieve your company’s growth goals.

Business Continuity Planning: Are You Planning for Tomorrow or Yesterday?

Posted: 08/31/2021 - 00:00
Author: Thom Mead
Business Continuity Planning: Are You Planning for Tomorrow or Yesterday?

Recently DATAMARK, Inc., held a webinar on Business Continuity Planning. The three panelists discussed what was missing or did not receive sufficient attention in business continuity plans and the repercussions it can have for businesses worldwide.

The panelists were largely in agreement that many plans fall short when assessing the human impact of a potential disaster such as the COVID-19 pandemic. Most plans tend to place a disproportionate emphasis on physical things like buildings, transportation arteries, communication networks and data centers.

Sustainable Sourcing Seminar and Happy Hour

It all starts with asking a question…

The products you and your business purchase make a difference! Join us to learn about different green product certifications, how to identify and avoid greenwashing, and other important factors to consider when making purchasing decisions large or small. Our guest speakers will also share details on the publicly available GreenNY Product Specifications which can be used as a valuable reference for over 60 categories of product purchases.

Speakers:

Three Supplier Conversations You Need to Have Now

Posted: 08/30/2021 - 09:00
Author: Edmund Zagorin
Your suppliers’ threat profiles will inevitably add to your business’ cybersecurity risk.

Suppliers are mission-critical partners for business success. Unfortunately, too often, an “arm’s length” relationship creates problems that are revealed only after it’s too late.

When suppliers feel conversations only occur after poor performances, the opportunity to have a productive, collaborative conversation may already be over.

The Three Pillars of Successful Supply Chain Risk Management

Posted: 08/25/2021 - 09:00
Author: Omer Abdullah
The Three Pillars of Successful Supply Chain Risk Management

Risk plays a role in every decision that is made by every business – and the supply chain is certainly no exception. Every supplier choice, contract negotiation and procurement transaction involves an unavoidable element of risk.

But just because risk can never be fully eliminated, that doesn’t mean it’s ok to leave it up to chance. Effective supply chain risk management demands continuous attention, careful planning and thoughtful execution.

Boosting Supplier Relationships Through Total-Value Sourcing

Posted: 08/24/2021 - 09:00
Author: Alan Holland
Boosting Supplier Relationships Through Total-Value Sourcing

Sourcing leaders today operate within an intricate web of interconnected buyers and suppliers from around the globe. When awarding parts of a business, companies must weigh more than the cost of what they buy. Prospective suppliers have to be viewed through multiple lenses. Prioritizing cost savings alone may seem like a clear win for your bottom line, but it can lead to missed opportunities to capitalize on other forms of value that suppliers can extend.

Four Considerations to Create and Maintain Sustainable Procurement Practices

Posted: 08/23/2021 - 00:00
Author: Simon Geale
Four Considerations to Create and Maintain Sustainable Procurement Practices

With 80% of an organization’s sustainability impact intertwined in its supply chain, businesses will need to identify where they can work with suppliers to realize their corporate purpose ambitions. On average, over 90% of an organization’s carbon footprint sits in “scope 3,” mainly in its supply chain and product lifecycle. Defer that logic across the wider scope of business initiatives, and you uncover a better understanding of where most sustainability lies.

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