Today, just having the basic skills of sourcing good deals and saving money is not enough for procurement professionals. In a competitive job market, companies are taking skill-set finickiness to the extreme, demanding a bevy of job abilities related to analytics and company culture, for example.
It is always interesting when procurement practices and priorities enter the public discourse. Since this often happens in the context of government procurement, common-sense sourcing methods suddenly become complex, over-regulated, […]
Open innovation empowers organizations to collaborate with new suppliers and their novel technologies. This value-add philosophy stops companies from trying to reinvent the wheel on their own, and it starts in procurement.
Sustainability, ever-rising fuel costs, and rapid transition to online communications and electronic invoicing/payments are just some movements reducing paper consumption. However, beyond communication paper, there are still some growth areas in packaging.
Within the recycled materials market, paper packaging is the largest segment, accounting for around 65 percent of all recycled packaging. Paper and paperboard also have the highest recycling rates worldwide (with the exception of glass in some … [Read More...]
Having crossed the financial-year midpoint, many companies are taking a close look at the progress they have made on their 2014 performance objectives. If you work in sourcing, procurement, or supply chain, then it is pretty safe to assume that … [Read More...]
As the world has become increasingly globalized, the operating environment for global businesses has become more volatile and precarious. The global economic climate, increased focus on emerging markets for growth, outsourcing, and expanding … [Read More...]
Procurement is by nature the biggest producer of financial data in most companies. Many believe it could do a better job aggregating and analyzing that data so organizations can not only better understand the best ways to spend and save money but … [Read More...]
In a May article for InformationWeek’s Government section, former U.S. Transportation Department CIO Nitin Pradhan provided 10 steps to successful strategic sourcing. Included in his list was a recommendation for increased use of blanket purchase … [Read More...]