Talent Management

Innovations in Talent Management: FedEx

Posted: 08/21/2019 - 06:41
Innovations in Talent Management: FedEx

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

The Sourcing Playbook is a set of flexible, standardized templates with accompanying training for certain critical deliverables within FedEx Services Sourcing & Procurement’s Sourcing Methodology (sourcing process).
 

Stop Faking Cultural Understanding: 5 Tips for Building Effective Relationships Overseas

Posted: 07/17/2019 - 07:11
Business Relationships Overseas
As the world continues to shrink and the global supply chain grows, it’s not enough to invest minimally in your international relationships—it means truly understanding the people and culture you’re working with. These relationships can become a valuable asset to your business, giving you an advantage over competitors.  
 

Why Nearshoring and AI Go Hand-in-Hand

Posted: 07/11/2019 - 04:49
There’s growing momentum for Artificial Intelligence (AI) across a variety of industries, ranging from financial services and healthcare to manufacturing and environmental initiatives. It’s no wonder, given the power of AI to find patterns in vast amounts of data faster than humans ever could and to predict outcomes and behaviors. 
 

Unleashing Supplier Value

Posted: 07/05/2019 - 04:56
Procurement is being presented with a good problem to have. Within most organizations, most categories have been sourced many times. However, procurement is still being asked to deliver incremental value to the companies they support and are now challenged to achieve value beyond just pricing. Due to this, 70% of procurement leaders report that finding more value from suppliers is their number-one tactic to increase procurement’s value in 2019 (Gartner SCM World Future of Supply Chain Survey, 2018).

Imagining Resilience

Posted: 06/26/2019 - 03:19
Having resilience is an important business skill—it allows us to bounce back quickly from situations that are tough, or even traumatic. We develop coping mechanisms and resilience over time by learning from experiences that may feel threatening until we face and overcome them. Just as the novice kayaker is intimidated by white water, over time he learns how to tackle rapids that once scared him. 
 

Training and Developing Procurement Professionals

Posted: 06/11/2019 - 03:30

Training a company’s team members is a foundational step in running a company, one that is often forgotten when busy times hit. It shouldn’t be. Putting the time and effort into designing a training program that suits the unique needs of procurement will drive more effective results in less time. Employees will be better equipped to manage the various situations and surprises that sourcing across numerous categories brings about.

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