Procurement

Procurement

Sustainability Is Not a 'Soft' Initiative for Procurement

October 30, 2014

"While it is certainly a part of the puzzle, sustainable procurement is not simply about selecting green products. It's about finding ways to enhance operational efficiency, realize cost reductions, reduce a facility's use of natural resources and their overall environmental footprint, and expand relationships between...Read More

Procurement

How to Define and Execute Success in HR Supplier Performance

October 23, 2014

The human resources professional spends a good portion of his or her day addressing unplanned issues with employees, management, and suppliers. When HR professionals are not consumed by these issues, they are in meetings, reading the latest regulatory changes, planning how to keep their programs competitive, and...Read More

Procurement

Businesses Could Feel Pain from Ebola-Stricken Supply Chains

October 16, 2014

Let's face it. We are all a little freaked out. The recent surge of the Ebola virus has left many in a state of sheer panic. What if it comes to my city? Why haven't we curbed the epidemic yet? Is this the start of the apocalypse? Though there is no need to start filling your bomb shelters with cans of tuna just yet,...Read More

Procurement

Procurement Unearths Value via Recycle, Reuse, Recover

October 9, 2014

Procurement professionals looking for new ways to add value to their organizations need search no further than their own offices. Revamping or introducing a recycling program can help reduce cost and is beneficial to the environment. At some organizations, managing assets through their life cycles has always been...Read More

Procurement

Rewrite Sourcing, Supplier Management for Revenue Generation

October 8, 2014

Recently Gartner published the results of its annual survey of CEOs and senior executives in supply-chain-intensive industries. The survey examined the C-suite's objectives, priorities, and challenges. If you work in sourcing, procurement, or supplier management, it may behoove you to take the insights from this...Read More

Procurement

Inefficient Procurement Processes Cost Firms $1.5B Annually

October 2, 2014

Peerless procurement organizations seem to do everything right. A recent Hackett Group study found that such organizations outperform others in just about every important metric -- from cost savings and service delivery to cost reductions and an enviable 9-to-1 ROI -- all with nearly a third fewer people than anyone...Read More

Procurement

E-Sourcing Implementation Challenges: Cause Versus Symptom

September 25, 2014

In a recent survey of supply management professionals, Topline Strategy Group investigated the perceived value gap associated with sourcing and procurement software applications. The question of realized value is rooted in whether companies are "getting their money's worth" from such technology. The stakes are real,...Read More