Lessons Learned:
- Go Beyond Transactional Sourcing
- Introduce a Project Management Mindset
- Embrace Optimization
- Ensure Contract Compliance Takes Place ...
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Recent statistics show that companies with existing supplier diversity programs report increased profitability – sometimes as high as a 133% return on procurement investments. The respected track...
Indirect spend offers a king-sized untapped opportunity for manufacturing and non-manufacturing companies to dramatically cut costs, reduce maverick spend, rationalize suppliers and streamline...
The Request for Proposal process is an integral component to modern day sourcing. However, the RFP framework was created over a century ago, limited by paper communication. Despite technological...
Just like running an employee background check, mitigating supplier risk requires proactive and intentional vetting. The same concept applies for even more complex, multi-tiered supply chains....
Though many organizations are aware of and will mitigate business risks, procurement as a risk control function is often overlooked. Specifically, SRM (Supplier Relationship Management) is a key...
In the global supply chain landscape, threats to cyber-security are increasing exponentially. Fortune 500 companies have had sensitive information leaked because hackers have targeted...