How Best to Change Procurement Technology?
Proponents of change need to ensure that there is a balanced, complete conversation around costs and benefits by challenging the standalone case for the status quo approach.
What Should CPOs Prioritize Post-Pandemic?
“It turns out that agility is indeed a sort of antidote that helps inoculate firms against complexity and risk so that they deliver healthy performance results even in the toughest of times.”
Spend Analysis vs. Spend Risk Management
Procurement departments should focus on value and risk, but instead they prioritize cost. Value-for-money means buying the right solution from the right supplier at the right price.
What Can Big Business Do to Help Smaller Firms?
Small and medium-sized businesses are critical players in corporate supply chains. Sometimes their participation is opaque in that they exist as undisclosed sub-contractors. The policy response to the current crisis has been to treat it as a liquidity crisis. Specifically, the shock of the Covid lockdown and its disruption to business was seen as a […]
Is Sourcing More than Cost Minimization?
In 2008, leveraged financial positions collapsed in value. Investors assumed incorrectly that American housing prices were unsinkable. Margin calls and firm failures cascaded as hidden risks emerged. Similarly, today, a black swan contagion plagues supply chains spanning multiple sectors, globally. The unexpected coronavirus revealed interconnected exposures that companies underwrote to operate lean.