I hope that you have enjoyed the article \u201cThe 25 New Rights of Purchasing, Part III.\u201d<\/p>\n
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To those of us who have been in the profession a while, this edition really cements the fact that many more aspects of purchasing have come to the forefront in recent years compared to the mid-90\u2019s (when I began my purchasing career).\u00a0 For example, while Rights #12 (ethics) and 13 (supplier support) were certainly near top-of-mind for any strategic purchasing department back then, very few of us were spending much time thinking about the other three Rights from this edition:\u00a0 environmental responsibility, risk management, and (supplier) financial stability.<\/p>\n
Back then, \u201cgo green\u201d was not the mantra it is today.\u00a0 Sure, risk management was\u00a0a concern, but it was addressed mostly by dual sourcing and not the thoroughly-developed risk mitigation plans that are common now.\u00a0 And, with the economic growth during that period, we didn\u2019t see supplier insolvencies the way we have for the past decade.<\/p>\n
Stay tuned as we hit the last of the \u201c25 New Rights of Purchasing\u201d in the next two months.<\/p>\n","protected":false},"excerpt":{"rendered":"
I hope that you have enjoyed the article \u201cThe 25 […]<\/p>\n","protected":false},"author":12,"featured_media":4082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\n