“Stepping into a procurement-based role for the first time, David Wyer says the function should take a long, hard look in the mirror if its really wants to make an impression on the business. First a disclaimer - Until taking on my current role I...”
“The next generation of business executives are demanding a whole new experience when it comes to travel and that is forcing procurement to re-think its buying strategy. Travel programmes are becoming increasingly difficult to enforce.”
“In late April at the Procurious event in London, Rio Tinto’s CFO Chris Lynch gave a great lecture on how procurement can succeed at implementing big ideas. As we continue to share some of the highl...”
[Editor's Note: we're publishing today's article to coincide with ISM's 100th annual conference that is currently being held in sunny Phoenix, Arizona. Andrew Bartolini and I are in attendance with Andrew presenting this morning at 10:45.
CPOs face one of the most complex roles in an organisation and in order to fulfil this expectation to deliver ‘procurement extraordinaire’ within an uncertain business climate, tomorrow’s function heads will need to work on developing the following...
Being good at procurement means having a deep understanding of the context around the category: Understanding recent and potential innovations, how and why the geographies in which things are being made are shifting, what is affecting commodity...
With plans for the year ahead already taking shape, we ask what lessons from 2014 procurement functions will want to build on for 2015. #1 There is no best practice for operating structure At the start of the year, Procurement Leaders looked into...
“Insurance agent sits above procurement in best job list proving that perceptions of the function continue to remain low among the next generation. Now is the time to start thinking about how these perceptions can finally be broken down.”
“Categories: Contract Management, Finance, Guest Post, Solution Providers Tags: Guest Posts, NPI, Process and Best PracticeSpend Matters welcomes this guest post by Gregg Spivack, Director of Client Services, NPI, a spend management consultancy,...”
“Categories: E-Sourcing, Guest Post, Innovation, Procurement Commentary Tags: Guest Posts, Sourcing and CategoriesSpend Matters welcomes this guest article by Alan Holland, founder and CEO of Keelvar.”
“Cost savings have been procurement’s route to its present level of recognition, but is it the function’s future? Cost savings have been procurement’s route to its present level of recognition, but are they the function’s future?”
“When can payment for goods received reasonably be expected? A buyer buys from a supplier, supplier gets paid; it’s the foundation of any business. But what happens when the balance of power sits so definitively with the buyer?”
The foundational duty of procurement teams is not to solicit bids and sign agreements but to deliver value to the company that hired them. Running an RFP can, at best, result in good pricing and terms.
Categories: Professor Andrew Cox, founder and leader of the International Institute for Advanced Purchasing & Supply, Chair of its Advisory Board, ex Birmingham University professor and procurement guru, brings us this excellent response to a...
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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