Global

Surprise, Surprise: Procurement Has Yet to Solve Its Data Challenges

Posted: 03/26/2021 - 09:00
Author: Sam Vail
Procurement Has Yet to Solve Its Data Challenges

LogicSource and Sourcing Industry Group recently conducted a joint procurement technology survey. The results revealed some consistent, yet alarming, trends in procurement spend analytics. In short, responses made it apparent that procurement organizations at-large have yet to solve their spend data quality challenges.

Three key findings from the survey indicate the market’s need for more expertise and ongoing data services as it relates to procurement spend analytics:

5 Tips to Simplify the Hiring Manager Experience When Sourcing External Workers

Posted: 03/25/2021 - 09:00
Author: Neha Goel
Here are five tips to help you scrutinize ways to simplify sourcing external workers to create a better experience for your hiring managers.

If you’re in Talent Acquisition or Procurement, you know all too well that hiring people – whether employee or non-employee – can be complex and time-consuming. When you’re busy with the day to day, it’s easy to get distracted from tackling process improvements. Yet, it’s not hard to simplify and modernize procedures for your hiring managers. Some simple improvements can make sourcing external workers a more streamlined process.

Practical Lessons from the Frontlines of Automating Procurement

Posted: 03/23/2021 - 09:00
Author: Nithin Palle
Practical Lessons from the Front-Line Automating Procurement

The stark reality is, many, if not most, businesses fall short when implementing automated processes within procurement. Company leaders driven to improve efficiency and flexibility often attempt to revolutionize their entire function at once, opting for the "done and dusted" approach; this is a flawed strategy.

What is the New Normal for Businesses and Accounts Payable?

Posted: 03/20/2021 - 09:00
Author: Lauren Ruef
Post-pandemic businesses have adapted by interfacing with technology to get the same tasks done with less redundancy and bulk.

What do the oracles say about society’s return to normalcy? Bill Gates is pinning his hopes on a semi-normal return to life in the spring of 2021, provided we rapidly adopt the vaccine. Dr. Fauci’s more conservative estimate suggests that we’ll enjoy movie theater experiences, indoor dining and regular school attendance by late fall.

How Digital Technologies are Changing Procurement

Posted: 03/16/2021 - 09:00
Author: Mike Morsch
Digital transformation is changing how procurement leaders operate.

How Procurement Impacts the Organization

At CDK, we've really focused on some of the changes needed to improve our customer support and experience. It's been a tremendous digital transformation with regard to what CDK does for our customers, but very importantly, what we are doing within the procurement and the supply chain team to help the business be more successful, take costs out, improve on-time delivery and then pick up some additional responsibilities as we've gone along the way.

How the Pandemic Created a New Global Workforce

Posted: 03/12/2021 - 09:00
Author: Ian Barkin
SYKES' Ian Barkin Explains How the COVID-19 Pandemic Created a More Mobile and Global Workforce.

Companies everywhere have come to accept the impacts of the pandemic on the future of work in stages that are eerily similar to the stages of grief: First, there was the wait-and-see phase, in which business leaders cautiously monitored news of the growing COVID-19 threat; then recovery mode, when enterprises were forced to adopt work-at-home functionality to keep their employees safe.

Plan a Winning Recruitment Strategy in a Post-COVID World

Posted: 03/11/2021 - 09:00
Author: Kelly Barcelos
7 tips for a winning, high-quality recruitment strategy post-COVID-19.

As the world slowly moves past the Covid-19 pandemic with the arrival of the vaccines, the job market is starting to gather itself and get back into momentum. But the newer challenges for organizations that arise daily have rendered recruitment to take a back seat. A well-established recruitment strategy can be your redeemer in the coming post-COVID era as you start re-establishing your company, even though it may be tricky to envision what HR will look like in a post-pandemic world.

The Top 10 Actions CPOs Must Take in 2021

Posted: 03/09/2021 - 19:15
Author: Laura Gibbons
The 10 most critical actions and accomplishments for chief procurement officers.

According to The Hackett Group’s 2021 Procurement Key Issues Study, the 2020 crisis continues to shape the 2021 procurement agenda. Unprecedented business disruption forced procurement organizations to refocus on supporting critical business operations and harnessing the value from supplier relationships, resulting in a pivot toward supply assurance and spend cost control.

In 2021, spend cost reduction remains the top priority for the procurement agenda and procurement must provide stability to the enterprise through spend cost control and supply assurance.

4 P2P Pitfalls and How to Avoid Them 

Posted: 03/03/2021 - 09:00
Author: John Sepcie
One of the most important aspects of an effective P2P platform is seamless ERP integration.

Searching and evaluating the right Procure-to-Pay (P2P) software can be a daunting and sometimes frustrating task. Whether you are an experienced procurement professional with years of category expertise and have spent long hours within your ERP and P2P platform, or you are scouting for the right platform for your company for the first time, knowing what you need is vital. 

Detecting the SolarWinds Hack

Posted: 02/25/2021 - 09:00
Author: Stel Valavanis
Prominent cybersecurity firms such as Microsoft and FireEye were victims of the SolarWinds attack and also the first to identify it.

Detecting the SolarWinds Hack

The cybersecurity world has been overtaken with concern over a state-sponsored cyberattack perpetrated by Russian intelligence agents against multiple federal agencies, including those responsible for our nuclear stockpile. Prominent cybersecurity firms such as Microsoft and FireEye, who were also victims of the attack, were the first to identify it. 

A Focus on the Value and Virtue of Supply Chains

Posted: 02/24/2021 - 09:00
Author: Dave Evans
In 2021, supply chain sustainability is likely to be more important than ever.

A Focus on the Value and Virtue of Supply Chains

After a historically disruptive year, Original Equipment Manufacturers (OEMs) are waking up to the fact that the measure of a supply chain is much greater than its landed costs. Meanwhile, consumers are more vocal than ever about the virtue of the companies from which they purchase. They want products, solutions, and supply chains to reflect their own ideals and aspirations related to sustainability, inclusion and fairness. 

Is digital transformation procurement’s secret weapon to boosting business agility?

Posted: 02/23/2021 - 09:00
Author: Gretchen Eischen
Digital transformation: the secret weapon to agility.

As I reflect on the turbulence from this infamous last year, a predictable pattern has emerged: organizations that were able to digitally transform their business prior to the pandemic were able to mitigate most of the risks the pandemic presented to business continuity. In obvious contrast, organizations that hadn’t been able to do so fell victim to those risk factors. As we saw with numerous industries, businesses unable to shift their focus quickly during lockdown or acute supply chain disruption, suffered great impact in the immediate term.

Using Automation to Ensure Global Worker Classification and Manage Compliance

Posted: 02/17/2021 - 22:45
Author: Konner Scherry
Sourcing Automation

Organizations are putting a magnifying glass to their global workforce. Through continuous changes in local employment laws and additional scrutiny towards proper worker classification both domestically and globally, globalization and centralization of an organization’s talent is more important than ever.

Companies who had not centralized their global workforce are now having to consolidate and audit their once independently running teams. Many are finding that having a decentralized HR function is putting their organizations at risk.

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