Procurement

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.  
 

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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