Global

Training and Developing Procurement Professionals

Posted: 06/11/2019 - 03:30

Training a company’s team members is a foundational step in running a company, one that is often forgotten when busy times hit. It shouldn’t be. Putting the time and effort into designing a training program that suits the unique needs of procurement will drive more effective results in less time. Employees will be better equipped to manage the various situations and surprises that sourcing across numerous categories brings about.

4 Traits to Look for in a Software Development Outsourcing Vendor for Perfect-Fit Alignment

Posted: 06/04/2019 - 01:00
Newsflash for any company with tech job openings: there are three (!!) opportunities for every candidate, which creates negative unemployment for software developers in North America. For procurement teams, this means it’s time to find software development service providers. You may have “been there done that,” or you might be facing this issue now. The big question is…how do you find the perfect-fit provider that will set your team up for success? 

How AI and Digital Apps Can Support In-Person Vendor Negotiations

Posted: 06/01/2019 - 10:23
Negotiation is a fundamentally human act between two or more people. When it comes to vendor negotiations, this is driven by the prior (and future) relationship between human counterparties. While digital processes can support this mission, if a key decision maker involved in a vendor negotiation goes on vacation, changes jobs or gets hit by a bus, the negotiation will stall or scramble to reach a conclusion.

Attracting and Retaining Talent in the Face of Low Unemployment

Posted: 05/30/2019 - 03:30
The U.S. Department of Labor reports that employers outperformed forecasts in April by introducing over 260,000 new jobs. This growth, coupled with near-record unemployment is a double-edged sword for American organizations. Though it’s a positive sign for the economy as a whole, low unemployment and a wealth of job openings leave business leaders in a tough position. The fight for attracting top talent is increasingly crowded and competitive. What’s more, candidates have come to expect more in the way of compensation and additional value adds. 
 

Cognitive Procurement is Trending and Cognitive Outsourcing is Up Next

Posted: 05/25/2019 - 01:29

There has been a lot of buzz about “cognitive procurement,” the application of artificial intelligence (AI) to support buying goods and services to free up humans to handle valuable procurement functions that AI cannot manage.

The same advanced technologies that are making procurement smarter, more efficient and more data-driven, can be used to make outsourcing relationships leaner, more profitable and more advantageous. 

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