Global

A Fresh Perspective on Supplier Relationships

Posted: 02/14/2022 - 09:00
Procurement must prioritize true supply chain resilience and addresses the imbalance and barriers plaguing most customer-supplier relationships.

This year, business leaders are making it a priority to build resilience into their supply chains. In doing so, their relationships with suppliers are coming into view, and what’s being exposed are some significant fault lines.

But within the volatile landscape we continue to face, having supplier relationships that are strong and healthy is no longer a nice-to-have, it’s a business imperative. So, what can enterprise leaders do to put things right?

The Importance of Building and Maintaining a Visible, Sustainable Supply Chain

Posted: 02/11/2022 - 09:00
Supply chain sustainability is now a business priority among business executives, employees and consumers.

Increasingly, supply chain sustainability is becoming a key corporate goal as organizations aim to minimize environmental damage and positively influence the people and communities in which they live and do business. Sustainability refers to managing the environmental, social and economic impact of a business in way that reduces harm and benefits the world.

Why Surplus Asset Disposal Can be an Underrated Source of Revenue – and How Procurement Can Lead

Posted: 02/07/2022 - 09:00
Learn how procurement teams can implement new ways to capitalize on obsolete equipment and unused machinery.

The global supply chain has been stretched and disrupted like never before, putting a significant burden on shippers, manufacturers, retailers and consumers. Dealing with shortages of so many formerly abundant items has prompted many businesses to shift their focus to reusing merchandise and equipment.

Procurement Experts Weigh in on Alternatives to RFPs

Posted: 02/03/2022 - 09:00
The standardized RFP process takes months to complete.

In enterprise software and services, procurement’s use of a Request for Proposal (RFP) is meant to compare competitive product offerings against a set of requirements. The intent was to create an environment where vendors could respond with functionality, price, implementation details and unique offerings. Unfortunately, the RFP process has largely failed for several reasons. Today, the focus is on innovation and speed to market, which can rarely be achieved in a standardized RFP process that can take months to complete.

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

Posted: 02/01/2022 - 09:00
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
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.

Don’t Outsource Your Processes, Outsource Your Results

Posted: 01/04/2022 - 00:00
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
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.

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