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Hackett Group research notes that this year, many chief procurement officers will be moving their main focus away from cost management to expanding procurement’s influence and finding ways to grow innovation.
Kaizen is Japanese for “change for good” and the continuous process improvement philosophy widely used by businesses big and small. Kaizen is an opportunity for procurement to take the lead in improving spend.
Shelley Stewart, VP of sourcing and logistics and CPO of DuPont, will be part of the ISM Supply Chain Diversity Summit. Stewart talks about his career in supply management as an African American, and his numerous diversity- and profession-related good works.
Supply chains are becoming increasingly complex, and it’s important for procurement to ensure against costly disruptions. More vulnerabilities have arisen from this complexity, so it is critical to know what they are.
As we end 2013 and head into the new year, here is the state of the typical procurement professional as we stand today. It was put together from a detailed survey conducted by My Purchasing Center.
Procurement professionals, through networking, can find out what others in the profession are doing and share best practices and intelligence that can propel them forward.
Category managers are on the front lines for organizations, using their skills to make intelligent and well-timed buying decisions that hit operational and capital budgets.
With the economy on firmer feet, companies are making decisions and looking for experienced procurement professionals. Writing down successful track records often can be a challenge for professionals, though, says procurement recruiter Tonia Deal.
Industry Market Trends
- Self-Clinching Standoffs suit thin stainless steel assemblies.
- Hinged Sign Holder delivers key messaging and covers overstock.
- Electrical Cabinet Coolers are resistant to heat and dirt.
- Automated 2-Piece NPT Ball Valve has stainless steel construction.
- Remote Switch Actuator fosters safe circuit breaker operation.
- Mobile News Camera offers enhanced functionaity via firmware.
- Blu-Ray/DVD Duplicators with Hard Drives do not require PC.
- Retail Monitoring Software uses rules-based compliance engine.
- Epoxy Curing Agents are formulated for industrial applications.
- Abrasive Belt Coping Machine has compact footprint.
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