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.
Supply professionals are challenged today to manage compliance throughout their supply chains. In many instances, they own responsibility, and in others they share compliance management requirements with other supply chain stakeholders.
There is a … [Read More...]
Often within the maintenance, repair, and operations (MRO) space, inventory management is a recurring and commonplace issue. In many cases, companies are operating purely on a tactical basis. As parts run out, the buyer reorders. Even worse, when a … [Read More...]
Backdoor or maverick buying is a perplexing problem that plagues many purchasing organizations. The methods to counteract this behavior are highly dependent upon the cultural climate and ethical standards of your organization. There is no universal … [Read More...]
Very few sourcing and procurement topics have been researched and discussed as much as supplier management. Industry consultants have dedicated their entire practices to it. There always has been a scholarly and academic side to this precarious … [Read More...]
Don Jean, founder and CEO of FocusedBuyer, says he has innovation in his blood: “When I was in purchasing, I always wanted to know what was new and how something new could help us do something that would save the company money.”
Jean, an … [Read More...]