The hallmark of a strong supply chain is effective collaboration which can only be obtained for a healthy relationship with all key stakeholders. Suppliers provide critical input and raw materials for the survival of our supply chains lack of trust poses a grave risk. The following are ways that lack of trust puts procurement & supplier relationships at risk: Late Payment…
The impact of the cloud on procurement:- Procurement is projected to be a continued critical component of the supply chain function, by assuring the availability of vital inputs to processes in organizations. Any disruption to the supply of these critical inputs can be disastrous for many industries. Imagine a healthcare supply chain facing disruption of medical supplies. Procurement functions often…
The supply chain of today is dynamic, rapidly evolving, and requires great strategic, operational and tactical acumen. Procurement professionals must have a proficient understanding of many aspects of the modern business landscape. These include socio-demographic, technological, political, industry, economic, competitive, and ecological parameters. We must understand these parameters from the perspective of what is trending, how our organizations and procurements…
You simply can’t escape it – Pokémon Go is a giant phenomenon! First, let me be upfront with you. I have not played the game and I really don’t know much about Pokémon other than Pikachu. That being said I, like most of you, have been surrounded by those playing it just about everywhere I go. Don’t miss updates on Procurement & Supply Chain, Subscribe…
Last week, my wife and I had the opportunity to take our first cruise. The cruise was 5 days and had 3,000 passengers and approximately 1,000 crew members. Don’t miss updates on Procurement & Supply Chain, Subscribe here! The cruise got me thinking about what it takes to feed everyone on board among other things. Usually, we think of shipping…
The saying goes: “The only constant is change.” Nowhere is that statement truer than in procurement! Don’t miss updates on Procurement & Supply Chain, Subscribe here! If you’re a procurement professional and you haven’t adapted to new ways of carrying out your work, the world is passing you by. But it’s not enough to try to get to where procurement…
Our guest blog post today comes from Abhinav Parameshwaran, a Solutions Consultant for Zycus Inc. Don’t miss updates on Procurement & Supply Chain, Subscribe here! Procurement is as ancient as trade and has evolved at a startling pace from a mere “Sourcing” Practice to an actual science, with cost and time-saving implications. The advent of ERP and ERP 2.0 systems…
Does your business have a detailed, procurement disaster recovery plan in place in case of a serious emergency? Don’t miss updates on Procurement & Supply Chain, Subscribe here! Years ago, an organization I previously worked for had a maverick spending employee I will call “Bob”. Oddly, Bob somehow controlled certain purse strings that did not fall under his department. Even…
Several years ago, I actually looked at one of our homeowner’s insurance bills and found our provider increased our rates significantly beyond our initial rate. So, I went out and found better coverage and a much better rate with an alternate provider. Don’t miss updates on Procurement & Supply Chain, Subscribe here! Then, the other day, my new homeowner’s insurance…
This guest blog post comes from Argentus Talent Acquisition, a specialized recruitment agency in the areas of Procurement, Supply Chain, Logistics, Distribution, Operations and Planning. As a recruitment firm that specializes in Procurement, a big part of what we do at Argentus is helping candidates craft effective resumes that brand themselves as strategic, skilled professionals. Over the years, we’ve…