The topic of supplier diversity has garnered increasing attention over the past few years as organisations look to boost diversity and inclusion while also providing much needed resilience and flexibility to their supply chains.
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The topic of supplier diversity has garnered increasing attention over the past few years as organisations look to boost diversity and inclusion while also providing much needed resilience and flexibility to their supply chains.
On these calls, participants explored the areas where commercial teams and procurement teams can support each other and explore some of the common goals of both groups.
This virtual roundtable explored the link between data and resiliency and how analytics can be a driver of more resilient supply chains.
Effective stakeholder mapping, engagement, and collaboration are essential to organisations looking to become valued partners to other functions within the business.
This virtual roundtable examined how category management has evolved to more agile and strategic planning while staying closely aligned to business objectives.
Many procurement teams have now shifted focus to finding ways to utilize data to drive informed decision making to bring more value to organisations.
Cost management will always be one of the pillars of the procurement function. With that being said, there are a number of organisations that still struggle to accurately model costs or accumulate data to discern if the price they are paying is a fair one.
Procurement teams are turning their attention to the capabilities, skills, and cultural aspects that need to be in place for the dream of resiliency to become a reality.
The outbreak and prevalence of Covid-19 caused strain on supply networks and forced many organisations to seek creative alternatives to source materials.
This virtual roundtable discussion explored the ways in which organisations are approaching the refining governance strategies, promoting and ensuring accountability across teams.
A growing number of organisations are making the move toward having dedicated business partner roles which focus on bringing the necessary business acumen and soft skills to the table to grow these internal relationships.
Sourcing goods and services from a variety of providers will reduce the buying organisation’s risk exposure, deliver cost savings and enable buyers to work with a diverse range of suppliers
Splitting spend between several suppliers will foster competition, deliver cost savings and reduce the buying organisations dependency on a single provider
Organisations are adjusting their sourcing strategies to account for a rapidly changing marketplace
In the face of financial uncertainty and business continuity concerns, companies must shore up their cash positions to ensure their long-term financial viability
Challenge It is no shock that risk assessment and mitigation are top of mind in today’s environment. What procurement teams must focus on is providing the right information to the organisation to...
Aligning with colleagues in finance is essential to proper working capital management
Covid-19 and the impending economic downturn has required organisations to take rapid action to extend supplier payment terms, monitor inventory cycles, and optimise collections.
The evolution of category management is dependent on shifting to a more strategic focus that puts stakeholder needs and value creation at the forefront
As Covid-19 continues to shape the business landscape, businesses are having to amend contracts quickly.