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Stakeholder engagement secrets from Apple, Levi's and Wrigley

Stakeholder engagement secrets from Apple, Levi's and Wrigley | Procurement | Scoop.it
“Engaging people beyond employees is becoming a business imperative. Here's how sustainability managers can reach the others.”
Via Yvonne Vogt, EcoVadis
Bertrand Maltaverne's insight:
Great panorama of CSR's value!
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EcoVadis's curator insight, February 28, 2:36 PM

Some great examples here on engaging stakeholders in sustainability, and they span a wide variety of industries - the need is universal along with the need for reliable sustainability indicators!

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Investing For a Sustainable Future

Investing For a Sustainable Future | Procurement | Scoop.it
The 2016 MIT SMR/BCG Sustainability Report finds investors’ concerns are being overlooked by execs.
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Procurement has a key role to play
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Less is More – The Power of a Good KPI- Blog - Procurious

It is not every day that procurement can learn from a fashion icon, but in my (and Coco Chanel’s) view – “less is definitely more” when it comes to a good KPI for procurement. Think about your role in procurement.
Bertrand Maltaverne's insight:
Good points on KPIs and divergences btw Procurement and Finance
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5 Critical Supply Risk Mitigation Principles for Your Sourcing Process

5 Critical Supply Risk Mitigation Principles for Your Sourcing Process | Procurement | Scoop.it
Supply chain risk management is becoming a top priority in procurement as organizations lose millions because of cost volatility and supply disruption.
Bertrand Maltaverne's insight:
Risk Management must be broad, deep, and real-time!
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How the CPO gets buy-in from the General Counsel

Bertrand Maltaverne's insight:
Great piece on "there is more to Procurement than just cost savings"!
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Target Cracking Down on Suppliers: An All Stick Approach to Supplier Relationship Management - Talking Logistics with Adrian Gonzalez

Target Cracking Down on Suppliers: An All Stick Approach to Supplier Relationship Management - Talking Logistics with Adrian Gonzalez | Procurement | Scoop.it
Last week, Reuters reported that Target “is cracking down on suppliers as part of a multi-billion dollar overhaul to speed up its supply chain and better compete with rivals.” Specifically, the retailer “plans to tighten deadlines for deliveries to...
Bertrand Maltaverne's insight:
Practices from another time!
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Software at the Core of Digital Design: Design-Centered Procurement (Part 3)

Software at the Core of Digital Design: Design-Centered Procurement (Part 3) | Procurement | Scoop.it
Most procurement software doesn't drive business value from better supply management (and demand management as part of this). Here's why.
Bertrand Maltaverne's insight:
Can only say YES to that!
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The Cost of Doing Nothing

The Cost of Doing Nothing | Procurement | Scoop.it
It’s been a bad day. You’re stranded on an iceberg after watching your yacht sink. You’re cold, wet and it’s dark. Hypothermia is setting in and hopes of rescue are fading fast when in the distance
Bertrand Maltaverne's insight:
Good points on how to present a change. Often you sell the gains the change will bring. Better to highlight the costs of doing nothing!
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Procurement and Corporate Social Responsibility: A Perfect Couple

Procurement and Corporate Social Responsibility: A Perfect Couple | Procurement | Scoop.it
As procurement evolves to address new supply chain risks, an opportunity exists to boost corporate social responsibility
Bertrand Maltaverne's insight:
YES! and not just to mitigate risks! To create value too!
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Incorporating Supplier CSR Ratings In The Sourcing Process: The Basics | Sustainable Procurement Views

Incorporating Supplier CSR Ratings In The Sourcing Process: The Basics | Sustainable Procurement Views | Procurement | Scoop.it
Incorporating Supplier CSR Scores In The Sourcing Process: The Basics
Bertrand Maltaverne's insight:
Sustainability is now a key driver of the sourcing process and of many activities of Procurement orgs.
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Purchasing Process Report 2016 – What Finance Has To Say About the Procurement Process

Purchasing Process Report 2016 – What Finance Has To Say About the Procurement Process | Procurement | Scoop.it
A recent survey by Red Brick Research on behalf of Invu asked 209 UK finance workers (Finance Directors, Chief Financial Officers, Finance Controllers and Finance Managers) across medium-sized busi…
Bertrand Maltaverne's insight:
Surprising numbers!
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The Future Of Procurement: This Time It’s Personal

The Future Of Procurement: This Time It’s Personal | Procurement | Scoop.it
Human talent is the connecting thread that ties together the disparate strands of procurement’s transformation.
Bertrand Maltaverne's insight:
Very true! Procurement is evolving. Actually it has to and people are key to the change!
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Successful supplier relationship management needs a ‘sense of purpose’

Successful supplier relationship management needs a ‘sense of purpose’ | Procurement | Scoop.it
Getting the fundamentals right is key to SRM success, says supply chain management expert David Atkinson
Bertrand Maltaverne's insight:
Getting the fundamentals right is key to SRM success!
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Failure to Monitor a Supply Chain for Risk Can Tarnish Your Brand | Sourcing Innovation

Failure to Monitor a Supply Chain for Risk Can Tarnish Your Brand | Sourcing Innovation | Procurement | Scoop.it
Bertrand Maltaverne's insight:
1 key result / benefit from Supply Chain risk management = brand protection!
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Innovation and Gamification in the Amazon - Public Spend Forum

Innovation and Gamification in the Amazon - Public Spend Forum | Procurement | Scoop.it
The Brazilian State of Amazonas faced enormous public procurement challenges, and found the solution in data gleaned from games.
Bertrand Maltaverne's insight:
Innovative ways to leverage big data for smarter public Procurement
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5 reasons supply chains are the new sustainability hotspot

5 reasons supply chains are the new sustainability hotspot | Procurement | Scoop.it
Verisk Maplecroft's James Allan argues creativity within procurement departments is being driven by external forces such as new environmental laws.
Bertrand Maltaverne's insight:
True:

Let's face it: Procurement has never been a sexy job function. But now that's changing, as companies realize the competitive advantages that effective purchasing and supply chain management can provide — and, perhaps more important, the impact an organization's supply chain can have on the sustainability of society as a whole.
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Procurement Is Dead! Long Live Procurement! Part I | Sourcing Innovation

Procurement Is Dead! Long Live Procurement! Part I | Sourcing Innovation | Procurement | Scoop.it
Bertrand Maltaverne's insight:
This kind of Procurement has to be dead!
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Can Economics Fix Public Procurement?

Can Economics Fix Public Procurement? | Procurement | Scoop.it
We talk a lot about \
Bertrand Maltaverne's insight:
Good points, several of them also applicable to private sector!
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How CPOs can tackle the enemies of technology adoption

How CPOs can tackle the enemies of technology adoption | Procurement | Scoop.it
Procurement technology has the potential to radically transform your procurement organisation. But technology availability and technology adoption are not the same thing. Very true!
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Managing supplier non-compliance requires a proactive approach

Managing supplier non-compliance requires a proactive approach | Procurement | Scoop.it
With 75 percent of organisations having experienced at least one supply chain disruption incident in the last year, we investigate how transparency can alleviate such issues
Bertrand Maltaverne's insight:
"The rise of global sourcing as a means to minimize costs, however, has also had the unintended consequence of increasing risk. Dependence on an increasing number of suppliers makes it difficult to monitor their performance without automated metrics: according to a 2013 Supply Chain Resilience Survey, 75 percent of organisations experienced at least one supply chain disruption incident in the past year."

This is why a Direct Procurement Platform is required for modern Procurement Organisations!
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Machine learning for procurement analytics

Machine learning for procurement analytics | Procurement | Scoop.it
In this episode of the O’Reilly Podcast, O’Reilly’s Ben Lorica sat down with Eliot Knudsen, Field Architect at Tamr. Lorica and Knudsen discuss the …
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Digital Procurement: Frontline Defense Against Fraud?

Digital Procurement: Frontline Defense Against Fraud? | Procurement | Scoop.it
Battling with a lack of control over indirect spend is one thing. But what if your organization is losing cash from what essentially amounts to robbery?
Bertrand Maltaverne's insight:
Tech is a strong enabler of transparency & fraud reduction... but people are still the link to pay attention to!
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Boost Your Procurement Value Engine | Sourcing Innovation

Boost Your Procurement Value Engine | Sourcing Innovation | Procurement | Scoop.it
Bertrand Maltaverne's insight:
Value Increase = Reduce Input + Increase Output + Reduce Energy
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Procurement Savings – Lies, Damned Lies and Savings Measurement

Procurement Savings – Lies, Damned Lies and Savings Measurement | Procurement | Scoop.it
Procurement savings measurement and reporting – so are your processes and methodologies slightly flawed, very flawed or simply a tissue of lies and half-truths?  That leading question came to…
Bertrand Maltaverne's insight:
"Last year we bought 800 laptops for £1,000 each. This year we will buy 1,000 for £900 each. So our overall spend has gone up from £800K to £900K- but of course procurement will declare a £100,000 "saving" based on the reduced unit price (and of course, without any regard to the fact that perhaps the market price of laptops has come down by 20%!)." Sound familiar? And still wondering why Procurement not at big table?
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Sustainability: Beyond Compliance, Towards Value Creation

Sustainability: Beyond Compliance, Towards Value Creation | Procurement | Scoop.it
What we learnt from the Sustain 2016 event
Bertrand Maltaverne's insight:
CSR is often looked via the prism of "risk mgmt", that is as a negative thing. But, organisations should look at it the other way around: a value-creation opportunity!
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Procurement Will Be ‘Cognitive’- Blog - Procurious

It’s time to redesign the function to be ‘Cognitive’. Procurement once again faces revolution, and this time it is beyond ‘only’ a transformation. The function we know today will cease to be. The first turning point saw the profession move to an industrialised model, including centralisation and strategic sourcing. Later on, transformation reached another key … Continue reading Procurement Will Be ‘Cognitive’ →
Bertrand Maltaverne's insight:
YES! Latest tech. innovation will change the way Procurement works and the way people interact with Procurement.
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