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Recent Posts

Amy Edmondson and Psychological Safety in Business

Jul 20, 2022 | ,

In this article, Kate Vitasek, faculty member of the University of Tennessee’s Haslam College of Business Administration, shares her views on Amy C. Edmondson’s work on psychological safety. The major takeaway is that leaders should encourage teams to speak their minds. Why? Giving people permission to be candid and respectful is a good way to spur innovation, because when people feel safe, good things happen. And that’s good for business.

Procurement: The Intermediary Growing in Relevance

Jul 18, 2022 | ,

The internet has made it easy for everyone to go directly to the source of whatever they need, but procurement’s relevance as an intermediary isn’t going down says Omer Abdullah, Co-Founder of The Smart Cube. He shares why it’s time for a new kind of intermediary who adds unique value to aggregated insights to have a seat at the strategic table.

What Procurement Teams Can Learn from “The Wisdom of Crowds”

Jul 14, 2022 |

People, by nature, love recommendations says Edmund Zagorin, CEO and Founder of Arkestro. In this article, he explores how recommendations can be incorporated into the procurement process to help team members make better decisions and provides helpful tips to leverage the collective wisdom your various business teams have accumulated over the years.

Avoiding Risky Business with External Workforce Management

Jul 13, 2022 |

With rigorous government regulations and internal policies, compliance issues pose a serious risk for companies that do not have visibility into their external workforce says Vish Baliga, CTO at SAP Fieldglass. He shares how visibility into the external workforce helps avoid maverick spend, ensures preferred suppliers are used in line with negotiated rates, and how strategic planning and partnering with workforce vendors to identify and procure the appropriate talent can conserve a lot of money, time, risk and effort. 

10 Reasons to Use Purchase Orders

Jul 11, 2022 | ,

Procurement groups are often challenged by internal Line-of-Business (LOB) groups on requiring purchase orders says Mark Trowbridge CPSM, C.P.M., MCIPS, Principal with Strategic Procurement Solutions LLC. He outlines 10 key reasons to use purchase orders, discusses when other acquisition methods may also apply and provides helpful tips for when the CFO asks “why”.