Understanding Spend Management Perspectives: CFO, CEO, Procurement Director & Procurement Manager
Spend Management in Procurement is a critical function within an organization, and it involves the strategic management of the company's spending to reduce costs, improve efficiency, and enhance profitability. However, different stakeholders in the organization [...]
Assessing the Effectiveness of Procurement Training Programs
Measuring the impact of procurement training is crucial for procurement team leaders, as it allows them to assess the effectiveness of their training programs and determine the return on investment. By evaluating the results of [...]
The Criticality of Procurement Training in 2023
Is Procurement Training Part of Your Business Plan in 2023? Procurement training should be a vital part of any business plan in 2023, as procurement impacts everything from customer satisfaction and product quality to cash [...]
Leveraging Critical Factors for Supply Chain Success
Achieving supply chain success is essential for businesses to maintain financial viability and relevance in the modern global market. However, various critical variables often cause issues, such as poor toxic culture, flawed processes, and outdated [...]
Understanding Your Supply Landscape
Supply risk management is an essential discipline in today's Supply Management doctrine, focusing on abating supply risks. Likewise, Disruption Management has become a major discipline in today’s Supply Management doctrine. The abatement of supply risks is [...]
How to Benefit and Reduce Cost by Improving Your Risk & Disruption Processes
Continuous Improvement and Risk Management Systems have long been essential to realizing supply chain and organizational success. This is especially true at a time when organizations are preoccupied with ensuring reliable supply lines, cost reduction, [...]
Leveraging Critical Factors for Supply Chain Success
Achieving supply chain success is essential for businesses to maintain financial viability and relevance in the modern global market. However, various critical variables often cause issues, such as poor toxic [...]
Understanding Your Supply Landscape
Supply risk management is an essential discipline in today's Supply Management doctrine, focusing on abating supply risks. Likewise, Disruption Management has become a major discipline in today’s Supply Management doctrine. The [...]
How to Benefit and Reduce Cost by Improving Your Risk & Disruption Processes
Continuous Improvement and Risk Management Systems have long been essential to realizing supply chain and organizational success. This is especially true at a time when organizations are preoccupied with ensuring [...]
Keys to Negotiation Success: Assessing Leverage and Issue Identification
Successful negotiations are the cornerstone of business success. Whether it's a small business deal or a major merger, negotiations are the means by which two parties reach an agreement. However, [...]
Do You Conduct an Annual Procurement Strategy Review?
Annual strategy reviews are critical to strategic, tactical, and operational management. A Procurement strategy is a game plan or action plan by which a Procurement Function Mandate is implemented. Moreover, [...]
Case Study: An Auto Manufacturer’s Supply Chain Goes From 0 to 60 (in less than a year)
Supply chain management is critical to achieving several business objectives. It is essential to company success and customer satisfaction. Read about how a British supercar manufacturer took control of its [...]
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