Digital

VUCA Planning: Why Procurement Success During Volatile Times Requires Proactive Versus Reactive Agility

Posted: 01/28/2023 - 03:33
VUCA Planning: Why Procurement Success During Volatile Times Requires Proactive Versus Reactive Agility
What does it mean to have an agile supply chain?
 
The above question has been raised countless times since the pandemic's beginning, as most supply chains were “stretched” beyond the breaking point.
 
But during times of Volatility, Uncertainty, Complexity and Ambiguity (VUCA), we should ask this: is the agility to which I refer "proactive or reactive?"
 
 
Planning Agility?

Companies Tap into Procurement to Jumpstart Growth this New Year

Posted: 01/25/2023 - 00:39
Businesses weren’t prepared for the massive disruptions to global supply chains that the pandemic sparked. And they’re feeling the pain. According to research from SAP, 58% of companies have seen their revenue decline in the last three years. For many, growth remains stalled, and they are relying on procurement to restart that engine. Why procurement?

The “Data First” Approach & Why It's The Key To Procurement’s Digital Transformation

Posted: 01/23/2023 - 22:37
The “Data First” Approach & Why It's The Key To Procurement’s Digital Transformation
Data — clean and accessible data is important.
 
Ask me to sum up in one sentence the recent Global Executive Summit session featuring the Founder and CEO of TealBook, Stephany Lapierre, and Nasdaq’s VP. Global Head of Procurement Jeff Wright, the "data is important" theme would pretty much cover it.
 

Why Companies are Prioritizing Procurement Digitalization to Gain Competitive Advantage

Posted: 09/18/2022 - 23:03
Procurement digitalization

It is clear that the economic impact of the global pandemic, significant inflation, and the war in Ukraine is accelerating procurement’s transformation from a transactional function to a key enabler of cost management and business growth. In 2020 and 2021, change was thrust upon us all. In 2022 and beyond, companies have the opportunity to own that transformation. 

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