Procurement

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.
 

3 Ways Procurement Can Become the Go-To Strategic Partner for Spend Management

Posted: 12/21/2022 - 21:55
3 Ways Procurement Can Become the Go-To Strategic Partner for Spend Management
There’s no denying that cloud-based applications have changed the way tech stacks ebb and flow. Now that individuals are able to go straight to the source and purchase a new app in a matter of clicks, traditional sourcing and procurement processes have all but gone out the window. 
 

Innovations in Talent Management: WorkStep

Posted: 10/14/2022 - 03:52
Innovations in Talent Management: WorkStep

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

I began my career in supply chain as a manager at a 3PL warehouse. Hiring and retention were the #1 challenge on the warehouse floor. The constant turnover affected every aspect of the warehouse’s operations. It all stemmed from a major disconnect between managers and hourly workers.  
 

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