Procurement

CFOs Are Overlooking the Transformative Power of Procurement

“External procurement spending is the single largest cost element for most companies and a crucial component of their value chains. But many companies are failing to realize the powerful benefits that procurement can bring,” according to a new study by A.T. Kearney. READ MORE at Supply Chain Management Review

By |2020-01-26T17:18:12+00:00January 26th, 2020|Procurement, Procurement Transformation|0 Comments

Measuring the Impact of Sourcing on the World’s Workforce

A company’s procurement decisions can contribute to poverty alleviation and inclusive growth around the world. Patrick Burnson examines how a new group, The Global Impact Sourcing Challenge, is the first business network to specifically focus on escalating impact sourcing as a way to increase employment and career development opportunities for disadvantaged workers. READ MORE at Supply [...]

Procurement Improvement Begins with Process

Procurement is buffeted by the headwinds of market disruption: tariffs, cyberattacks and a tight labor market, says Marisa Brown, APQC. “Two winds of change have combined to create a perfect storm around the procurement function.” Brown believes that procurement can and must act as a strategic business partner by driving process improvements, cost savings and [...]

By |2019-11-21T00:38:44+00:00November 21st, 2019|Procurement, Procurement Transformation|0 Comments

Nearly Everything You’ve Been Told About Procurement Analytics Is Wrong

It’s time to move beyond calculating savings to creating a valuable impact. “The procurement industry has long assumed that spend cubes are vitally important and that not having one is heresy. Making matters worse, spend cubes have become axiomatic to procurement analytics,” says authors Elouise Epstein, Stephen Easton and TZ Shen from A.T. Kearney. In this [...]

By |2019-11-15T21:30:04+00:00November 15th, 2019|Procurement, Procurement Transformation|0 Comments

Diversity is Key to the Evolving Procurement Function

There is still a gender gap in procurement, says Sheri Spinks. “I think it’s important now more than ever to give a voice to women in procurement. We need to talk about the enhancements and value we deliver as well as the soft skills we possess that contribute to our success in this area.” READ MORE [...]

By |2019-10-08T16:08:20+00:00October 8th, 2019|Procurement, Procurement Transformation, Supply Chain|0 Comments
Go to Top