If #procurement starts a self-assessment expecting something to change as a result, we must expect to learn at leas… https://t.co/QnK9RSuF7Y
Recommended Procurement Webinars April 22-26: Cost Transparency, GPO Power and Drones + IoT
COST TRANSPARENCY - A Catalyst for Achieving Negotiating Goals (ProPurchaser) April 25, 1pm ET In a recent article , ProPurchaser President (and webinar presenter) shares a great story from ISM2019. He asked the attendes of his breakout session how many of them bought products made from steel and ¼ of them raised their hands. Of those, he asked how many had seen prices go up in response to ...
When procurement looks in the mirror, what do we see?
This share gained 30K views, 40 comments, and over 200 likes in a very short time. ( Click here to view the original post on LinkedIn .) Some of the most compelling comments centered around four core ideas: Procurement must “own” our image Comment from Slav V. : “Like many other functions Procurement can and does exaggerate its value and maturity. Why not! Perception is reality.” Comme...
Small Businesses Can Have a Sustainable Supply Chain Too
For smaller organizations, allocating dedicated resources to procurement and analytics can be pretty unrealistic. Improving supply chain management, even within small organizations, can not only have a significant impact on business health but can also be an avenue through which companies maintain their triple bottom line. In case you aren’t familiar with the concept, a company that has a triple b...
The March ISM-New York Report on Business: Reversing Course
Report Rundown In March, New York City purchasing managers changed direction on every index except one - Expected Revenues. Current Business Conditions rose from 61.1 in February to reach a 4-month high of 66.9 in March. This brings to an end 6 consecutive months of decreases. The Six-Month Outlook fell from 71.5 in February to a nearly 10-year low of 53.0 in March (referencing the finding of 50.7...
Book Review: The Self Determined Manager
Part of this is because the reasons people are promoted to management roles doesn’t always correspond to what makes a good manager. And then, to make matters worse, there is no real instruction. If we don’t invest enough in staff capabilities (which we don’t), then we sure as heck don’t invest enough in management skills. Being managed simply doesn’t prepare you to manage – at least not well. The ...
Transforming the Perception of Procurement in your Organization
While the strategic vision of an organization is usually consistent across departments, each function’s strategies to achieve that vision do not always align. Just as legal and HR are there to ensure that all actions and hires are made in the best interest of the organization and its people, procurement exists to ensure that all purchasing decisions are made in the best interest of the organ...
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RT @thinkers360: Check out today's Weekly Digest featuring content from @Tiffani_Bova @mkrigsman @BuyersMeetPoint @Philladuke @TKspeaks @Ad…
