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One of the interesting things about consistently reading and hearing content from quality sources is that you start to notice trends. It is amazing how often the same topics arise at the same time in different places. We use this blog as a way to help you stay on top of the major themes in procurement and supply chain management.

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The party is over, now let's get down to business

A new year is upon us and many use that as a time to revitalize their goals and establish resolutions. Very common themes are losing weight, exercising more, paying off those bills and on it goes. As a procurement professional, another resolution could be to advance your career through strengthening your skill set.

Many organizations use the calendar year as their fiscal year so that would include a new budget to be measured against. In order to meet those demands, companies often evaluate if they have the right talent and resources to accomplish those goals.

When I was reading “The Implications of 2015’s Talent Vortex” by CPO Rising, it was during a big cold snap in our region. The wind chill was up to -50F or -45C. That is cold! Certainly not conducive to keeping that resolution about exercising more!

The article discusses three areas that will assist in closing the talent gap for procurement.

  • Improved collaboration between procurement and human resources
  • Focus on analytics to help understand the complexity of information
  • Blending of the technology tools available to best get to an answer

Organizations will state “Our employees are our most important asset” and that is still the case for 2015.

What are you doing in 2015 for a resolution? Are you caught in the Talent Vortex? How is your organization working collaboratively to select and retain their “most important assets?”

 Share your thoughts by commenting below or tweeting us @BuyersMeetPoint.

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How to have happy customers

As another year comes to a close, we are often reflective of where we are and where we should be. We tend to do that both professionally and personally.

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How engaged are your stakeholders?

The difference between involvement and commitment is like ham and eggs. The chicken is involved; the pig is committed. This is a cute analogy about the engagement difference of the two animals. It usually makes me smile as I think about it.

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The weather and your supply chain

Mother Nature has shown her fury with the 7 feet of snow that has fallen on Buffalo, NY this past week. It is an epic storm that just kept dumping snow on the region. At one point there was 130 miles of highway shutdown for several days. There were tractor trailers stranded and many deliveries that did not occur. You can bet that many supply chains were impacted. Even when the roads did open up again, it was for essential vehicles only. Something tells me that your shipment was probably not considered essential to the National Guard.

Frequently asked questions for Procurement Leaders

Most organizations review their associates every year. Formal feedback is given to the associate and often tied to a merit increase of some kind. Good managers are giving feedback throughout the year so there really should not be any surprises at the annual review time.

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