Business Process

Organizations will emerge fitter and stronger, having learned some of the lessons of the pandemic and turning these to good use to reimagine their supply chains for the better.
Jan 15, 2021    0
The Pandemic Has Sharpened Boardroom FocusRecent months have shown us the importance of supply chains. In a year of few highlights, the ability for supermarkets to keep shelves stocked and for other...
Everyone knows the term "return on investment"—or “ROI”—meaning you get more monetary value out of something than what you put into it. But money is not the only measure of value. As we take stock of our business and personal lives, I think we should re-establish a lesser-recognized concept: return on experience.
Jan 15, 2021    0
Though terrible, the pandemic has given us much-needed time to pause, reflect, and perhaps make some changes to the way we live our lives. We have a chance to reevaluate what is really important to...
The COVID-19 pandemic has exposed the vulnerability of the global supply chain.
Jan 12, 2021    0
The COVID-19 pandemic has exposed the vulnerability of the global supply chain. Precisely when the capabilities of international, interconnected trade mechanisms were supposed to kick into high gear...
Despite auctions being far more efficient than negotiating prices, to secure direct and indirect services and goods, they are entirely underused by multinationals.
Jan 08, 2021    0
In late 2020, Robert Wilson and Paul Milgrom were awarded the Nobel Prize in Economics for breakthrough work on structuring auctions to deliver the best results for both the seller and buyer. Google...
There’s no doubt 2021 will be a pivotal year for every business. As we think about what’s next for the procurement function, let’s first appreciate how far we’ve come.
Jan 05, 2021    0
Twenty-five years ago, the internet was in its dial-up infancy, businesses still relied on fax machines and procurement was considered solely a back-office, cost-cutting function that controlled the...
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