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Contract Management – Procurement’s New Frontier
Into the Top 5 articles for 2024 now, and we’re revisiting a classic topic and a foundational procurement concept – Contract Management. Done well, it can salvage processes, relationships and costs. Done badly and it can undermine everything that has gone before it. How do we do it well? Here is some expert advice. Great procurement … Continue reading Contract Management – Procurement’s New Frontier
Webinar Wrap-Up: How to Take the Lead in Managing Risk
“In today’s rapidly evolving world of procurement, collaboration is key to success. You can either collaborate or stagnate,” said Tania Seary, founder of Procurious, as she kicked off the third and final part of our Collaborative Procurement series. In partnership with SAP Business Network, our latest webcast brought together leading voices in procurement and risk … Continue reading Webinar Wrap-Up: How to Take the Lead in Managing Risk
Will Robots Destroy Your Job or Become a Co-Worker of the Future?
All the way through December, we’ll be revisiting some of the most popular articles we’ve published in 2024. Kicking off our retrospective is our first look this year on Procurement and Automation. While Santa definitely won’t be replaced by a robot any time soon, the same might not be able to be said for the … Continue reading Will Robots Destroy Your Job or Become a Co-Worker of the Future?
Breaking Down Barriers: Unlocking Value with Collaborative Procurement
The benefits of procurement collaborating internally with stakeholders and externally with suppliers are clear. So are the costs of not doing so. A recent study by Procurious and SAP Business Network asked 172 procurement leaders about their experiences with collaboration. It examined procurement’s collaboration activities through the lens of their top priorities for the year, … Continue reading Breaking Down Barriers: Unlocking Value with Collaborative Procurement
Lessons Learned from History’s Biggest Supply Chain Fails
Supply chain failures are more common than we might think. From minor oversupplies to critical shortages, these disruptions can ripple through industries, leading to anything from mild inconveniences to global crises. While some issues remain hidden within boardrooms, others are catastrophic enough to capture global headlines. Today, we’re sharing some of those big ones and … Continue reading Lessons Learned from History’s Biggest Supply Chain Fails
Why a Supplier Portal is Essential for Modern Procurement
We’ve all grown used to the online shopping experience – quick, convenient, and hassle-free. So, it’s no surprise that these same expectations are spilling over into the business world. Today, B2B stakeholders are looking for the same ease and efficiency in their professional interactions that they enjoy in their non-working lives. The days of slow, … Continue reading Why a Supplier Portal is Essential for Modern Procurement
Next Level Procurement: Embracing GenAI and Whatever Comes Next
In procurement, one thing is certain – change is inevitable. New business priorities, market disruptions, and the rapid rise of AI-driven solutions are shaking things up. For procurement pros, the challenge is clear: How do we not only keep pace but leverage these changes to gain a competitive advantage? We’re on a mission to find … Continue reading Next Level Procurement: Embracing GenAI and Whatever Comes Next
Collaborative Procurement: Taking the Lead on Risk Management
From regulatory changes and supply chain resilience to sustainability requirements and cost containment, procurement risks seem to multiply daily. Teams are under pressure to mitigate these risks and take a proactive, leading role within their organisations to manage them effectively. Yet, according to a study by Economist Impact and SAP, only 41% of respondents are … Continue reading Collaborative Procurement: Taking the Lead on Risk Management
How to Get Selected for Career Development Stretch Projects
Stretch or growth projects are like boot camps for professionals. Just as a boot camp pushes your physical limits, these projects challenge your professional abilities, pushing you beyond your current knowledge and skills. They involve significant responsibilities, new areas of learning, and opportunities for growth, all designed to take you out of your comfort zone … Continue reading How to Get Selected for Career Development Stretch Projects
7 Productivity Tips for Friday Afternoon Career Advancement
It’s Friday afternoon and you, along with many of your peers and colleagues, are watching the minutes tick by on the clock until you can escape for the coming weekend. It’s a time for administration and all those tasks that have dropped to the bottom of your to-do list, with anything but the most pressing … Continue reading 7 Productivity Tips for Friday Afternoon Career Advancement