Procurement Strategy Archives - Page 5 of 37

The self-disruptive CPO: why we need a new kind of procurement leader

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What kind of future-ready procurement leader is needed to survive a rapidly-changing business world? Only a few months ago, the stock market was looking strong and the ongoing trade war between China and the United States indicated future pressure on global supply chains. No one could have predicted that schools and universities would close, companies […]

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‘CPO’ stands to become the Chief Purpose Officer through digital transformation

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By Dr Marcell Vollmer, Chief Digital Officer, SAP Ariba How does a Chief Procurement Officer measure success?In the past, executives responsible for sourcing, contracting, purchasing and payment gauged success chiefly on their ability to wring savings out of the value chain. Without question, reducing costs remains as crucial today as ever. But, with the advent

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How procurement can change the world

Leave a Comment / Procurement Leaders, Procurement Strategy, Professional Development, SRM Supplier Relationship Management, Supplier Relationship Management Systems, Technology / StaffWriter

By Rod Robinson, Founder and CEO, ConnXus When I graduated from Wharton in 1995 and decided to pursue a career in management consulting at AT Kearney, I had grand visions of being assigned to an engagement helping one of our multinational clients grow revenue through a high-profile M&A transaction or other topline growth strategy. Instead,

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Why procurement can and should be the epicentre of business innovation

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By Sue Barrett, Founder, Barrett Consulting Group Procurement, whether they are aware of it or not, is the epicentre of innovation and leadership of complex systems management within organisations and across supply chains. Or at least they should be… Procurement’s exposure to all elements of a supply chain can and should inform them and, in

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Public procurement needs strategic foresight

Leave a Comment / Procurement Strategy, Public Sector Procurement / SuperU

By Stephen Bauld The reason why a shift towards a more strategic procurement approach is necessary at municipal level and, indeed, across the public sector in general, is clear. As I have noted in several of my columns over the years, governments tend to pay more than private-sector firms for comparable type, quality and quantity

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Procurement Gold: Unleashing the real power of your supply chain

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The human element will make or break your supply chain career. Procurious Founder Tania Seary reveals the human strengths that artificial intelligence (AI) will never replace and how to leverage this competitive advantage. There comes a time when you forget why you ever started I will never forget my first meeting as a procurement executive

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Data: You can’t fake it ’til you make it

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By Angela Mazza Teufer, Senior Vice President, Oracle ERPM WE, ERPM North Install Base When it comes to crucial procurement data, there is no way to ‘fake it ’til you make it’. Accurate information is the bread and butter of a successful organisation but our research reveals that companies are still not investing in the

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10 Best practices for procurement managers in 2020

Leave a Comment / Negotiation, Procurement Leaders, Procurement Strategy, Professional Development, Sourcing Strategy, Supplier Management, Supplier Partnerships, Supplier Selection / SuperU

By Linda Ashok A content, communications and branding professional So many things are slated to change in 2020, the milestone year! But what matters most is your career; how is it going to prepare you as a procurement manager? Okay, let me clarify that there isn’t any significant difference between a Purchasing or Procurement Manager.

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The 5 key traits of a future-ready Finance Leader

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By Angela Mazza TeuferSenior Vice President ERPM WE, ERPM North install base Finance has always taken advantage of technology to improve productivity and collaboration. But with continuous innovation now driving our economy, the goalposts have moved. Today’s organizations must adopt an agile finance operating model– powered by emerging digital technologies and skillsets. The success of

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5 core drivers for end-to-end procurement automation

Leave a Comment / Procurement Strategy, Technology, Tools / SuperU

Speed to value can be elusive but it is of vital importance for any organisation. Many procurement organisations realise the increasing pressure to maximise savings and accelerate delivery timelines. But they also want to mitigate supplier risks. Altogether, legacy manual processes and age-old frameworks compel procurement leaders to rethink their strategy. Subhro Sen, from procure-to-pay

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