Digitization

Digitization: A Path to Resilience Through Disruption

Posted: 08/11/2021 - 09:00
Author: Michael Rabinowitz
Digitization: A Path to Resilience through Disruption

The supply chain headaches continue. Only 40% of global container ships were on time in March 2021, with average delays extending more than six days.

The pervasive disruptions have made effectively managing supply chain demand, accurately forecasting inventory levels, and ensuring on-time delivery mission critical in today’s market. Coming out of a recession, the stakes have never been higher.

5 Activities to Accelerate Post-COVID Sourcing Strategies

Posted: 09/18/2020 - 05:21
Author: Atul Vashistha
There are five activities that accelerate quick results - creating new capabilities, greater efficiencies, cost savings, and increased resiliency.

When the COVID crisis hit, organizations had no choice but to respond to the challenges they faced by leveraging the resources they and their suppliers had at their disposal. Clearly, some were better prepared and responded with more resilience than others. Now we are many months into the crisis, and it's time to look at what went wrong and what organizations should change going forward.  

Procurement’s Calling is to Protect the Business in Times of Crisis

Posted: 06/19/2020 - 05:22
Author: Michael Roesch
Procurement crisis

The coronavirus outbreak is having a profound impact on every business’ supply chain. The U.S. manufacturing PMI indicated the worst contraction in production, new orders, and employment since the 2008 recession. Nearly 75% of companies report supply chain disruptions in March, a number most expect to rise further.

Deliver Savings and Technology Transformation in a Recession

Posted: 06/10/2020 - 05:22
Author: Martin Stark
Procurement technology transformation

The primary goal of a procurement function to achieve savings carries greater significance in a recession when obtaining the lowest cost possible needs to be balanced with not compromising the quality of products and services delivered by suppliers. A secondary goal could be supporting major technology transformation projects. These goals are made more difficult when economic disaster strikes.

Can I sign business contracts remotely while self-isolating?

Posted: 03/20/2020 - 05:22
Author: Jonathan Askin
Sign business contracts remotely

Businesses must ensure they understand what can be done remotely in relation to the signing of documents. They should also now be re-visiting contracts and opening dialogue with other parties within the supply chain to understand the potential impact Covid-19 may have. This planning is imperative to ensure business continuity, that relationships remain commercially viable and that disputes are avoided.  Uncertainty does not absolve directors of the need to act in the business’ best interests.

How Millennials are Changing the Procurement Landscape

Posted: 08/08/2019 - 23:34
Author: Sarah Scudder
How Millennials are Changing the Procurement Landscape
According to U.S. Census Bureau population estimates, millennials will become the nation’s largest living adult generation this year. Pew Research Center has estimated that millennials are now the largest generation in the U.S. labor force, surpassing both Gen Xers and Baby Boomers. In 2017, millennials constituted 35% of the U.S. labor force, while Gen Xers accounted for 33% and Baby Boomers represented 25%. 
 

Future of Sourcing Awards 2018: Innovations in Digitization, with IBM and Microsoft

Posted: 10/30/2018 - 01:41
Author: Dawn Tiura
Dawn Tiura: Folks, I'd like to introduce to one of our team finalists, and this is in the digitization finalists IQ project, and I'm going to be speaking today to Gavin Hough with IBM and this is called pricing IQ. Can you tell us a little bit about the project Gavin?
 
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