Digital transformation is the phrase on everyone’s lips – for good reason. It enables organizations to better manage operations, enhance profit margins, and ensure the efficient transfer of goods and information between supply chain nodes. As a procurement professional, you’re on the front line of this process. This is also why you need to be the first line of defense.
This article considers nine disruptive strategies of best-in-class procurement operations. These strategies are influenced by how the procurement function has evolved and how it continues to shape best-in-class procurement.
Supply chains that take advantage of diverse suppliers are often cited as being more agile, resilient, innovative, and sustainable. They are credited for promoting consumer trust and driving competition.
In the midst of a pandemic, business models are wide open for transformation.
From my perspective, COIVD-19 is just a precursor to the larger threat looming from unmitigated climate change. In conjunction with racial inequality, old-hat “business as usual” models are potentially heading off a cliff.
The UN Sustainable Development Goals (SDGs) are what many consider the gold standard for social impact goals. They provide a shared blueprint for peace and prosperity for people and planet, along with an urgent call to action. How do we help achieve these goals?
So far in this series on diversity and inclusion, we have explored a historical perspective on supplier diversity in the enterprise, tips to improve it, and how the supplier community can leverage their diversity status. Now we will discuss how procurement leaders can incorporate diversity and inclusion into their team management strategies.
The COVID-19 crisis has demonstrated the importance of building sustainable and resilient global supply chains, and world leaders are taking action.
With a pandemic, a recession and protests over racial injustice, the need for more equity and equality is ever-present. Diversity and inclusion (D&I) initiatives have generated increased momentum among contingent workforce program leads.
IT products are essential in most organizations, but they come with a complex supply chain that includes both social and environmental risks. If done right, purchasers can directly impact the environment and human health by procuring more sustainable IT products, and become the driving force for socially responsible manufacturing, safer alternatives to hazardous substances and circular procurement.
For businesses across the globe, sustainability used to be a “nice to have,” but now the view has shifted. It’s a “must have — or else.”
To continue the previous conversation on diversity and inclusion (see my other articles on the enterprise approach to supplier diversity and how to shape the future of supplier diversity), I’d like to look at the other side of the coin: What can suppliers do to help enterprise clients improve their diverse supplier inclusion, selection an
By now, you’ve probably heard of quantum computers and how someday they’ll be able to perform mathematical feats far beyond the reach of even today’s supercomputers. However, you’ve probably heard a lot less about how quantum computers, which rely on sub-atomic quantum physics to perform calculations, will actually benefit your particular industry.
When considering how quantum computers might benefit areas such as supply chain, finance and manufacturing, it’s important to understand that quantum thrives on complex challenges.
As Peter Drucker famously said, “If you can’t measure it you can’t manage it.” Today, technology tools enable real-time collection and analysis of near endless amounts of big data throughout the value chain. This, coupled with our exponentially growing data, offers an exciting new frontier for which the supply chain is uniquely positioned to unlock hidden waste.
The benefits of prioritizing sustainability for any business or industry are extensive, but why is 2021 the year of further prioritization within the supply chain?
SIG University Microlearning events cover a range of topics that are pertinent to today's workforce. This two-hour session has been designed as an educational program, with a mission of advancing sourcing and risk professionals and transforming careers. Microlearning by SIG University is an opportunity for SIG buy-side and sell-side members and non-members alike, to come together for an engaging day of learning on topics that have been deemed as educational gaps by today's leadership teams.
SIGnature Hybrid Events are powerful one-day meetings in which buy-side practitioners benchmark with other organizations and network with colleagues facing similar issues. This hybrid event offers an Executive Roundtable, General Session Speakers offering training and practical, implementable tools, CPO Presentations, Analyst Overviews, and SIG Talks (15-minute discussions in a "Ted Talk" format). This event runs simultaneously in an in-person and virtual format so delegates on-site will experience the same programming for those online.
