| Future of Sourcing

Looking for a Career in Sourcing and Procurement? Here’s How to Get Started

Posted: 02/01/2022 - 09:00

Author: Dawn Tiura

Looking for a Career in Sourcing and Procurement?

Supply chain professionals have gone from working behind-the-scenes to being in one of the most talked about industries of 2021. With limited labor, increasing disruption and surging production and shipping costs causing shortages around the globe, exploring a career in sourcing and procurement has taken on new meaning as the field becomes more critical and complex than ever before.

4 Predictions That Will Shape Procurement in 2022

Posted: 01/27/2022 - 09:00

Author: Omer Abdullah

After an immensely challenging year, the stage is set for major procurement transformation in 2022.

2021 was an immensely challenging year for procurement teams across the globe. Not only did most of the challenges of 2020 continue, but many got significantly worse. Between major supply shortages, rising commodity prices and new variants reigniting pandemic-related disruption, teams had to work extremely hard just to keep their organizations operational, let alone achieve their strategic goals.

How to Fix Procurement’s Fake Savings Problem

Posted: 01/25/2022 - 00:00

Author: Rich Ham

How to Fix Procurement’s Fake Savings Problem

Back on September 9, we learned Kraft Heinz (KHC) had paid $62 million in fines for what SEC enforcement division director Anita Bandy called “…improper expense management practices that spanned many years and involved numerous misleading transactions, millions in bogus cost savings and a pervasive breakdown in accounting controls.”

Four Trends for Procurement in 2022 and Beyond

Posted: 01/20/2022 - 09:00

Author: Guy Strafford

Procurement has been an essential partner to businesses throughout the pandemic. While there are many factors that have led to its prominence, not all of them will have a long-term impact. In 2022, the tradtional function of procurement and the roles it performs will change drastically.

What’s Next in Cybersecurity?

Posted: 01/18/2022 - 09:00

Author: Mark Kerzner

There is a new attack angle in cybersecurity.

History repeats itself. Could we use the lessons from the first time around? At the height of ransomware attacks, people responsible for oil rigs and ships in the sea find themselves to be the next potential target. Let me explain.

Strategies to Manage Supply Chain Labor Shortages and Chaos

Posted: 01/14/2022 - 09:00

Author: Dawn Tiura

The best way to survive the labor shortages is to ensure top talent is happy.

Supply chain disruptions continue to drive up prices and lead to a growing shortage of goods across the U.S. and abroad.

Sustainability Is No Longer Optional

Posted: 01/13/2022 - 09:00

Author: Pablo Sánchez

Companies need to show their cards when it comes to ESG.

Environmental, Social and Governance (ESG). It’s not a new term: its origin dates back several decades, but it has gained increasing importance in recent years.

How to Solve Procurement and Spend Analysis Gaps

Posted: 01/11/2022 - 09:00

Author: Tyler Higgins

Five key priorities for digital transformation and how to enable it for success.

The boom of technology implementation and its effectiveness were quickly tested by the challenges of the pandemic. While some challenges were solved successfully – collaboration via video conferences – the pandemic has stressed the structure and effectiveness of other areas.

Expect 2022 To Be the Year of Cybersecurity

Posted: 01/06/2022 - 09:00

Author: Stel Valavanis

Cybersecurity predictions and their impact on regulations and inadequate cloud security measures in the supply chain.

Predicting the future may sometimes seem an impossible task, especially given the speed with which our world and the world of cybersecurity changes, but there are already signs of two major shifts coming in 2022 that you need to have on your radar.

Don’t Outsource Your Processes, Outsource Your Results

Posted: 01/04/2022 - 00:00

Author: Thom Mead

Achieve the ultimate win-win scenario with your suppliers, drive out cost and increase value.

Having sold more than $980 million in outsourcing deals in my career and having played a key role in structuring more than $22 billion in outsourcing deals across every industry and virtually every process, it seems the more things change, the more they remain the same.

I won’t add to the dizzying array of endless terms Business Process Outsourcing (BPO) companies develop to differentiate their offerings, but in this article I’d like to discuss some of the commonalities across all of them.

Beyond Buzzwords: Embarking on the Quality 4.0 Transformation Journey

Posted: 12/29/2021 - 09:00

Author: Sébastien Breteau

Embarking on the Quality 4.0 Transformation Journey

While previous industrial revolutions relied on developments in steam machines, electricity and telecommunications, the fourth industrial revolution is powered by big data, advanced manufacturing techniques, cloud computing, machine learning and artificial intelligence. As the fourth industrial has risen, so too has the notion of Quality 4.0, a term recently coined to refer to the shifts in performance excellence we’re seeing in today’s age of digital transformation.

Paycheck Or Purpose? How Businesses Retain Workers By Giving Them Both

Posted: 12/27/2021 - 09:00

Author: Maggie Z. Miller

Companies worldwide have reported talent shortages and many employers are working to build more flexibility into jobs.

At a time when global talent shortages are reported at a 15-year high, one key to keeping the best employees happy and on board may lie in how well companies not only state their purpose and their values, but also prioritize carrying them out.

Boomerang Employees: What to Consider Before Working Together Again

Posted: 12/22/2021 - 09:00

Author: Eric Harkins

Boomerang employees can be a powerful force for your company if they come back for the right reasons.

After months of the “Great Resignation,” another workforce trend is developing –

The Mindset Required for Sustainable Supply Chains

Posted: 12/20/2021 - 00:00

Author: William Crane

If a purchased good is not sustainable, then waste, or money for that matter, is left on the table.

Supply chain and sustainability are two sides of the same coin. A standard teaching practice within supply chain is “lean thinking” that advocates for minimalist, one-piece flow to the tune of an ever-present waste reduction drumbeat. Unfortunately, this drumbeat isn’t always heard. The prevalence of waste in far-reaching corners of supply chains is in large part due to the sheer global scale of many manufacturers.

How to Digitize the Post-Sale Service Supply Chain

Posted: 12/17/2021 - 00:00

Author: Oliver Lemanski

The service supply chain requires the logistics infrastructure to manage additional complexity while both providing efficient customer service and maintaining inventory levels.

As the Ever Given jammed the Suez Canal, disruption rippled across the supply chain and cargo owners scrambled to determine whether their goods were trapped in one of the containers. Shippers and receivers found it challenging to come up with an authoritative answer.

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