Global

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%. 
 

Innovations in Sourcing: Microsoft & CDP (formerly Carbon Disclosure Project)

Posted: 08/06/2019 - 04:24
Author: Future of Sourcing Awards

Can you outline why your team embarked on this project and the problem that needed to be solved?

Aligning with Microsoft’s overall mission to “Empower every person and organization on the planet to achieve more,” and the company’s long-term commitment to carbon neutrality, (since 2012), Microsoft’s Responsible Sourcing team recognized a gap in its own, and hence Purchasers as a whole, ability to accurately measure the CO2 footprint of a global supply chain.  
 

Innovations in Third Party Management: Bank of Canada & Ontala

Posted: 08/05/2019 - 06:29
Author: Future of Sourcing Awards
Innovations in Third Party Management: Bank of Canada & Ontala

Can you outline why your team embarked on this project and the problem that needed to be solved?

Aligned with the Bank’s vision for being a leading Central Bank, the Bank had an objective to design and implement the Next Generation of its Third Party Risk Management Program informed by best practices and adapted to meet the needs of a central bank.
 

How were things done originally and what was the inspiration to innovate the process?

Machine Learning 101 – How Machine Learning is Impacting Businesses

Posted: 08/02/2019 - 08:47
Author: Adam Cummins
How machine learning can impact, excel and innovate your business.
Artificial intelligence (AI) and Robotic Process Automation (RPA) are popular buzzwords today, yet the practical applications for and approaches to these concepts are often less understood and (in many cases) may still be on the horizon.  However, there is a technology-driven differentiator within this overarching category that has been in use across a number of industries for some time.  Machine learning is the means by which a program analyzes a number of data sources and, by using algorithms, “learns” from that analysis to predict likely scenarios or future end-state resul

Money talks: Making the Case for Sustainable Procurement Investments

Posted: 08/01/2019 - 00:04
Author: David McClintock
The business benefits and value derived from robust responsible procurement programs can be remarkable, such as driving uplift revenue by 5% to 20%, reducing supply chain costs by 9% to 16% and increasing brand value by 15% to 30%. Creating such programs requires investing in key internal areas, such as new tools, staff and strategies to reap the value that’s possible.  
 

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