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Millions of Choices

Posted: 01/29/2020 - 00:00
Millions of Choices

Welcome to the new decade and new year. This is when we set big lofty goals to accomplish changes in our lives and careers. Unfortunately, we often set these goals and they remain as just that — goals. They stay in our heads, in our journals or in our hearts. Commonly, at this time of year, we also tend to feel many regrets that another year passed and we are still nowhere closer to our goals or, worst case, even farther away.

To quote one of my all-time favorite songs:

Dumbed down and numbed by time and age,

Procurement Is the Ultimate Guardian of Responsible Supply Chains

Posted: 01/27/2020 - 00:00
Procurement Is the Ultimate Guardian of Responsible Supply Chains

Imagine a world where all people thrive within the environmental boundaries of our planet. Picture a planet where the immediate threat of climate disaster has been avoided and where global businesses have evolved their business models to support a responsible and low-carbon economy.

Whilst is seems a bit far-fetched looking at today’s realities, we fundamentally believe this world vision is possible and millions of procurement professionals worldwide are mission-critical in making this come true.

The Predictably Irrational Appeal of Print Marketing

Posted: 01/17/2020 - 01:05
The Predictably Irrational Appeal of Print Marketing

For years, many advocates of print-based marketing channels and tactics have argued that the physical and tactile nature of tangible marketing materials make them more appealing and persuasive than purely digital forms of communications. Until recently, however, these arguments have been based mostly on instinct or intuition rather than on hard scientific evidence.

Source Wars: Episode I – The Rise Of Software

Posted: 01/07/2020 - 00:00
The Rise Of Procurement Software

Procurement is old. Just how old you ask? Well, a long time ago in a galaxy far, far away… it’s been around for millennia. As a natural function of trade and commerce, it developed organically during the earliest civilizations. Papyrus records indicate procurement can be traced as far back as the Egyptians (the first Jedi) in 3000 B.C.

4 Major Procurement Trends to Watch for in 2020

Posted: 01/02/2020 - 04:01
With 2020 just in the door, progressive CPOs and their teams are planning for the year ahead. Here are four major procurement trends to factor into your thinking.

With 2020 just in the door, progressive CPOs and their teams are planning for the year ahead. Here are four major procurement trends to factor into your thinking.

1. Increased Volatility

With shifting trade tariffs and barriers, the unpredictability of Brexit and fluctuating commodity prices, market volatility could be at an all-time high over the next 12 months.

Your Workforce is Much Bigger Than You Think

Posted: 12/27/2019 - 03:40
Get insight into the changing labor market and where to find and manage talent.
The labor market is undergoing huge shifts. In-demand skills are in increasingly short supply – particularly in the U.S., where Deloitte points out there are now more vacancies than job seekers. On top of that, many people are turning away from traditional employment and instead choosing to work on a flexible basis. 
 
The result? Game-changing ramifications for the way work gets done.  

Information Technology Procurement as a Service – Added Value to Internal Procurement Teams

Posted: 12/20/2019 - 04:30
The Procurement as a Service (PaaS) model, which utilizes outsourced human talent, technology, and industry-specific knowledge to enhance or –  in some cases for SMB companies –  replace the buying process for companies is expected to grow from $5.4 billion in 2019 to $7.8 billion by 2024, according to new market research by MarketsandMarkets™.

This Isn’t Your Father’s Outsourcer

Posted: 12/13/2019 - 05:02
This Isn’t Your Father’s Outsourcer
Technology transformation is not only having a major impact on industries around the globe, but it is also helping to shape the future of IT outsourcing. I recently came across an article written by Deloitte principals in CIO Journal, “Five Forces Shaping Outsourcing for Tomorrow,” that touched on the prerequisites for an effective outsourcing model for digital transformation services and solutions in today’s business environment.

How We are Doing Total Talent Management Wrong (And How We Can Do It Right)

Posted: 12/10/2019 - 09:33
If you attended events like CWS this year, you could not help but be involved in discussions and breakout sessions dealing with Total Talent Management (TTM). What started as a simple idea that could revolutionize the staffing landscape, has progressed into complicated programs and expensive "add-on" solutions being offered by some Managed Staffing Providers (MSP). 
 

Sourcing in the Circular Economy

Posted: 12/05/2019 - 09:51
Procurement plays a vital role in bringing new products and services to market, creating jobs and delivering economic prosperity for customers, stakeholders and shareholders. Sourcing plans identify value propositions, partnership and investment opportunities, new and emerging capabilities that have a substantial “positive” impact on the bottom line.

Where We Stand on the Journey to Gender Diversity

Posted: 12/03/2019 - 03:35
People who know me know that I am a passionate advocate for elevating the role of women in business, and I am particularly interested in seeing more women attain senior leadership positions in the procurement function. I’ve been working in procurement for years, and throughout my career, I’ve had the opportunity to meet and get to know hundreds of outstanding procurement professionals, many of whom are women
 

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