The first steps towards sustainable supply chains seem fairly straightforward, but turn out to be more complex as many face challenges with visibility, resource management and balancing profit and sustainability in decision-making situations.
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The first steps towards sustainable supply chains seem fairly straightforward, but turn out to be more complex as many face challenges with visibility, resource management and balancing profit and sustainability in decision-making situations.
Heads of excellence came together to discuss best practice when it comes to rolling out new digital solutions
Managing suppliers has become an increasingly complex process. Where procurement teams once focused on establishing processes such as onboarding and relationship management, they must now include...
Procurement centres of excellence must find new ways to deliver cost efficiencies while implementing new processes and frameworks to enable top-line value delivery in areas such as sustainability and innovation
Although SLM tools have grown more sophisticated, procurement teams have yet to find a solution that enables them to manage, interpret and incorporate all available data into their decision-making
As procurement functions evolve, teams need to grow their ability to deal empathetically with suppliers and the rest of the organisation
With sustainability top of mind for businesses, shareholders and consumers, organisations are growing increasingly aware of the carbon emissions of their suppliers.
Sourcing from a single supplier can bring manifold risks, including operational, financial and reputational. A supply base that is reliant on single-source relationships is highly vulnerable to unexpected disruptions.
With CPOs committed to developing their staff, procurement excellence heads discuss best practice in rolling out talent development schemes
The challenge for procurement is to identify those suppliers that have the potential to develop new and disruptive technologies and capacities.
Digitalisation, volatility and a need for closer alignment are influencing procurement teams to reconfigure and optimise their operating models
Understanding supplier capabilities and risks beyond the first tier of the supply chain is a persistent problem for
procurement. But leading organisations are driving enhanced visibility in the supply chain to deliver greater
insight and resilience for the whole business.
As the procurement function continues to evolve, teams must develop new scorecards that incorporate qualitative measures and showcase the value they offer to the business
Revising the contract-drafting process will help standardise the numerous supply contracts large organisations sign each year, as well as enable buyer to better assess supplier performance
The Covid-19 crisis has shed a light on the challenges of contract standardization in times of uncertainty.
A number of options are available to any CPO who considers make-or-buy decisions through an agile lens
Discover where procurement can add value during outsourcing and insourcing processes, as well as the key criteria for make-or-buy decisions
This virtual roundtable discussion explored the ways in which organisations are considering and implementing different sourcing techniques to ensure their business can meet demands.
Relying on external hires to fill skills gaps is little more than a short-term fix developing existing employees offers a far more effective and sustainable solution
An overview of the formal, informal and on-the-job development measures leading procurement functions use to develop employees skill in five critical capability areas and support development plans