When Will Companies See Procurement as Strategic?
“Organizations should build financial models that size the impact of various shock scenarios and decide how much ‘insurance’ to buy through the mitigation of specific gaps, such as by establishing dual supply sources or relocating production. The analytical underpinnings of this risk analysis are well understood in other domains, such as the financial sector – now is the time to apply them to supply chains.” [emphasis added]
Coronavirus Exposes Weaknesses in Sourcing
Warren Buffett has a famous saying, “Only when the tide goes out do you discover who’s been swimming naked.”
The Procurement Workforce Is Evolving
The makeup of the procurement workforce is changing.
Is Bid Rigging a Risk in Procurement?
How Should Buyers Procure Services?
Many of today’s enterprise resource planning (ERP) were built in the 1990s, while the derivative procure-to-pay systems they inspired were built over the past ten to fifteen years, reliant on the ERP approach, nonetheless. Much of their sourcing through payments architecture is predicated on a world in which the bulk of purchasing activity was for […]
What Are Procurement Ethics?
Procurement fraud is something we don’t talk about enough.
How Can RFP Templates Help?
What is the most common complaint about the archaic RFP business process? Time. It takes time to research a category market (even if you have deep domain expertise). It takes time to develop the statement of work, a problem that is compounded if you need to coordinate a committee of people in writing the RFP. […]
How Can Procurement Partner with the Business?
The promise of digital transformation of the RFP process (and procurement, generally) is not the use of technology for its own sake. It is the opportunity to change the business process, and with it the role of the procurement department, within the organization. It is the chance to move from a narrow focus on cost […]
Social Justice and Procurement
Teaming refers to an agreement between two companies to work together in bidding for business, often with a government buyer.
What Is a Good Procurement User Experience?
Dark data is probably one of the most relevant concepts today that people don’t discuss enough.