Focusing on system improvements in procurement is a natural lever for technology and transformation, but unless the benefits are felt by both suppliers and internal stakeholders, the opportunity is only partially realised. Decision-makers in...
Let’s face it, supply chain is a fascinating and pressure-filled field. Supply chains exist to deliver goods and services to customers to allow their company to make money. Albeit, they are last on line, which means that all the fun begins and ends when supply enters the fray. It’s a great profession that spans myriad disciplines - procurement, manufacturing, supply/demand planning, logistics, and much more.There’s excitement in every corner waiting for you! Don’t you wonder sometimes how and why you got into this field?Through a series of articles and musings, I will
Here is some good news for CPOs to ponder as we start the first work week of the new year: "American innovation is in trouble." Here is some good news for CPOs to ponder as we start the first work week of the new year: "American innovation is in...
BEIJING (Reuters) - China's fight against deeply ingrained corruption will never end, the top official in charge of tackling graft said before a meeting intended to clean up business in the world's second-largest economy.
“When you prepare an RFP, your goal is to elicit responses that meet all of your requirements so that you can move efficiently to awarding the contract and implementing the systems you need. But only a quality RFP will get quality responses.
A common nightmare of government contractors probably plays out like this: you spend a significant amount of time and resources preparing a robust proposal in response to a solicitation, you are sure your firm is the most qualified to do the work ...
The evidence indicates that the majority of Procurement functions still don’t have a strategic role and are generally not considered (nor optimally delivering) as a true business partner to the organisation. In many cases, this is a direct outcome of ineffective governance, policies and procedures or a lack of appropriate Procurement engagement during the early stages of the procurement process.
As a result, those organisations are failing to make effective
purchasing decisions, not fully leveraging their spend and
economies of scale, and leaving themselves open to signifi
cant business and commercial risk.
So whilst early Procurement involvement has been proven to
deliver higher savings, the reality is that Procurement is usually
brought into the process to either close a deal or advise on the
contract terms, when it is often far too late to add signifi
cant value – or often only when the commercial process has already broken down.
While the freelance economy might not change the very heartbeat of procurement, it does allow us to open the door to any type of expertise and knowledge whenever we want it, cost effectively and efficiently.
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