Blog / Gary Wollenhaupt
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AI Unlocks Institutional Knowledge in Procurement
Going by your gut won’t be sufficient when AI models give different recommendations. Can you adapt your decision-making style to this new era? Corporate procurement departments are sitting on a goldmine of institutional knowledge. However, much of this valuable information remains locked away in the minds of experienced staff. This hard-won knowledge is inaccessible to … Continue reading AI Unlocks Institutional Knowledge in Procurement
How Procurement Can Plan for Trump Tariffs
Few things upset the global economy like uncertainty – and President-elect Donald Trump has dialed the uncertainty level up to 11. During his Presidential campaign, Donald Trump used the threat of tariffs as a political weapon and hasn’t changed his course since then. He has declared plans to impose a 10% to 20% tariff on … Continue reading How Procurement Can Plan for Trump Tariffs
Doing Multiple Jobs and Being Paid for One
Do you find yourself in a situation where co-workers have left and not been replaced, and their work has fallen on your desk? How do you handle the increased workload? It often happens very subtly. Your colleagues depart for various reasons. You end up taking on their duties to keep the department from falling behind. … Continue reading Doing Multiple Jobs and Being Paid for One
Essential Procurement Job Skills for 2024
Just 5 days until the big day now, and we’ve got an early present in the shape of our Number 2 article from the past year. New Year gives us a chance for a fresh start, and many of you took the time to understand what the key focus areas were this year. But if you … Continue reading Essential Procurement Job Skills for 2024
Procurement Supply Chain Trends for 2024
The start of a New Year always seems to bring out feelings of reinvention as well as an opportunity to look ahead. And it seems that plenty of you were in this frame of mind back in January. But, now this is more of a retrospective, how many of these trends did we get right? Now … Continue reading Procurement Supply Chain Trends for 2024
Workplace Habits That Hold You Back
What’s standing in the way of your advancement? Do you feel like you’re ready for more responsibility and compensation? You may feel like your bosses overlook your efforts and impact. You show up on time and do what you’re supposed to do. You feel like you tick all the boxes but can’t get ahead. Perhaps … Continue reading Workplace Habits That Hold You Back
Building an AI-Ready Procurement Department
It’s fun to see what wild hallucinations ChatGPT returns with absurd prompts. By now, we’ve all experimented with artificial intelligence to some extent. Perhaps you’re already using some tools with AI integration for supplier management or contract reviews. However, successfully leveraging AI requires more than just adopting new technology; it demands a shift in corporate … Continue reading Building an AI-Ready Procurement Department
Logistics Trends: What Procurement Managers Need to Know
As uncertainty is the watchword for the remainder of 2024 and beyond, procurement managers must navigate an increasingly complex logistics landscape. While it feels like we’re in the “new normal,” it’s more new than normal.A mix of economic insecurities, evolving consumer behaviours, and potential labour disruptions is setting the stage for a year in which … Continue reading Logistics Trends: What Procurement Managers Need to Know
Navigating Tariffs: A Guide for Procurement Managers
For the past few administrations, U.S. trade policy has focused on tariffs to influence buying patterns for companies and consumers. The looming November presidential election adds layers of uncertainty, making it crucial for procurement managers to understand the current tariff environment and its potential impacts on the price of imported goods. How will tariffs influence … Continue reading Navigating Tariffs: A Guide for Procurement Managers
Impact of the US Election on Procurement
As the 2024 US Presidential election season seems to take ever stranger turns, we wanted to look at what it may mean for procurement and supply chain. The outcome will impact not only the US, but also key trading partners. This pivotal election year could reshape the supply chain landscape for years to come. Predicting … Continue reading Impact of the US Election on Procurement