Procurement Transformation

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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+00:00 November 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+00:00 November 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+00:00 October 8th, 2019|Procurement, Procurement Transformation, Supply Chain|0 Comments

Digital Marketplaces – Great Opportunity for Procurement or Governance Nightmare?

As digital marketplaces grow in popularity and number, challenges occur for procurement. “On the less regulated platforms, unknown suppliers that haven’t been thoroughly vetted, can sit alongside household names. It can be hard, therefore, for buyers to tell whether a purchase is ‘safe,’” says Ian Nethercot.READ MORE at Supply Chain Digital

The Next Generation Procurement Model

Taking advantage of the opportunities offered by today's fast-changing technological landscaperequires procurement functions to blend these advances with activities for value enablement, capturing and sustainment, explains Khushalani, Woodcock and Mercker, partners at McKinsey & Company. “They also need to build deeper and more interconnected capabilities.” READ MORE at CIPS

By | 2019-05-21T12:06:34+00:00 May 21st, 2019|Procurement, Procurement Transformation|0 Comments
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