Cost

Savings rationalization: What would you sacrifice to maximize savings?

Posted: 01/03/2019 - 02:14
As we move through the holiday season, competition of all sorts is becoming prevalent. Big department stores and smaller retail chains all have their special deals in place and offer a variety of products and solutions to meet spikes in customer demand while racking in the big dollars. They promote discounts and incentives on brand-name products while other shops offer a more generic version of the same items at less than half the price. Consumers are left with a big decision.

Artificial Intelligence: Adopt or Surrender

Posted: 01/02/2019 - 02:53
Like it or not, technology disruptors are changing the way companies do business, causing fear and confusion for many IT professionals. The reality is that artificial intelligence (AI) and machine learning (ML) are developing at such a rapid pace that they impact pretty much every industry and companies are failing to keep up. The other technology disruptors that most people are familiar with include the Internet of Things (IOT), cloud computing, social media and block chain.
 

Changes to Salaried Employees in New York and California

Posted: 12/19/2018 - 02:08
In 2017, the Department of Labor (DOL) scrapped U.S.-wide plans to increase the salary threshold for exempt employees following challenges from multiple states. The DOL has continued to postpone these plans, however, the states of California and New York have elected to raise their own exempt salary threshold for 2019, which means that some of your workers may be eligible for overtime pay. 
 
The changes, which go into effect on December 31, 2018, in New York and on January 1, 2019, in California, are as follows: 
 

(Outsourcing) Location, Location, Location: Why it Should Factor Into Your Decision-Making Process

Posted: 12/05/2018 - 03:32
Outsourcing has become synonymous with cheap services offered by another country. Lower costs are on everyone’s mind when outsourcing is mentioned, especially in the IT world, where it can make a substantial difference. However, it’s not just about saving a buck. Outsourcing can also help companies find the right talent (and enough of it), reduce overhead and in the end, yes, reduce costs.

The Future of Plain Old Telephone Service: Hang Up or Pay Up

Posted: 11/30/2018 - 04:02
Plain old telephone service, also known as POTS, is old-fashioned copper wires connected to a standard telephone that provides the power and connectivity to the telephone service provider’s central switching system. Replacing POTS with new technology has become equivalent to replacing a typewriter with a laptop. New technologies in the market like VoIP and wireless can now offer telephone services at a much lower cost than POTS.  
 

Every Day is Black Friday in British Retail

Posted: 11/27/2018 - 23:01
Black Friday is the American retail phenomenon that is the day after Thanksgiving and billed as the start of the Christmas shopping season. Billions of dollars are spent by consumers enticed by heavily discounted items from all retailers for one day only. This concept was imported to the U.K. a few years ago by such American-owned retailers as Walmart and Amazon
 

3 Reasons Organizations Should Hop on the Corporate Social Responsibility Bandwagon

Posted: 11/21/2018 - 07:01
Corporate social responsibility (CSR), also known as sustainability, may not solve world hunger but it can be beneficial to your organization while making a significant impact on society. While many organizations understand the value of CSR, the uninitiated tend to have a distorted view of it. Some believe it’s just greenwashing: donating heaps of money into popular causes or people sitting around a campfire singing Kumbaya, but that’s far from reality. In actuality, CSR can be leveraged to optimize a company’s business processes.

Challenging Ourselves: Be the Change

Posted: 08/24/2018 - 11:27
If we mean what we say about transformation, we have to be willing to question everything procurement does and how we do it. While procurement clamors for ‘transformation,’ I sometimes suspect that we are secretly hoping the solution will actually involve the rest of the organization awakening to the brilliance of our wisdom, and that they—not us—will do the majority of the changing.
 
Unfortunately, that scenario is unlikely to play out in reality. 
 

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