As the pace of organisational change continues to accelerate, procurement chiefs’ ability to execute and manage that change effectively becomes increasingly important
Nilen Bhatt
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Running an impactful supplier day from start to finish
Too often, buying organisations view supplier days to as a ‘sales pitch’ to key suppliers – rather than as a strategic enabler for the business’s SRM programme
Why does delivering value beyond savings remain a struggle?
Procurement has long said it wants to find value beyond savings. However, it continues to come up against a myriad of issues. Nilen Bhatt discovers how a new group is finding ways around those issues
Why should I hire a dedicated relationship manager?
A relationship manager who is solely focused on supplier relationships – not cost-saving targets – is better placed to drive successful collaborative initiatives and deliver innovation
Why procurement should take the lead on sustainability
Given procurement has an integral role in managing the supply chain, which has a considerable effect on a business’s environmental impact, the function is ideally placed to drive sustainability
Avoid supplier collaboration by default
Procurement professionals should mitigate a range of risks to get the most out of collaborative initiatives with suppliers
What is the right procurement operating model for me?
Procurement chiefs should take account of both stakeholder and supplier requirements when selecting an operating model for the function
Reweight supplier performance metrics to minimise risk
Supplier performance is critical to supplier relationship management and supplier collaboration, but many functions may increase their risk exposure by allowing reporting to become a tick box exercise
Supplier relationship management: Enabling supplier collaboration
While supplier collaborations offer buying organisations a number of benefits, many in procurement limit the impact of such initiatives by being overly focused on cost savings
Using technology to recruit and retain talent
In order to attract the next generation to the function, procurement thought leaders need to embrace technologies