The cliché that time is money may sound trite, but when it comes to understanding your internal business processes, it makes a great deal of sense as you seek channels to make your supply chain more efficient and cost-effective.
As the world-wide economy struggles to recover, this is no time to be on the bleeding edge. [...]
In the last installment on this topic I mentioned that well-defined goals drive success in Source to Pay initiatives. This article will focus on tactical execution that will enable your team to reach the goals you set.
Your gut will typically tell you where to start, but be sure to capture some data points to further [...]
Back in 2007, BrainNet.com ran a survey that demonstrated the obvious disconnect that takes place among procurement professionals and management concerning the approach to risk management.
While buyers listed the things that had the highest damage potential such as loss of intellectual property and outsourcing, management focused on focused solely on supply and supplier risks with [...]
Continue reading about Taking Supplier Risk Management and Assessment to the Next Level
In today’s economy, enterprises have to focus even more on their key competences and strengthen their processes, which are seen as business critical. One of those, Supply Management, can be an immediate source for hard dollar savings. It is no longer a forgotten discipline.
If we identify the competences to be excellent in Supply Management we [...]
Continue reading about Building Your Supply Management Capabilities: How Much – How Fast?