The term strategic sourcing has been used in state government procurement for several years now. Over the past decade many states have implemented formal or informal strategic sourcing programs as...
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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...
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...
Original Source: NASPO
“So they [the Government] go on in strange paradox, decided only to be undecided, resolved to be irresolute, adamant for drift, solid for fluidity, all-powerful to be...
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...
When it comes to best practices, operational efficiency, and compliance, sourcing teams today tend to focus their efforts on strategic spend. Due to resource constraints, this leaves little time...
The world has changed dramatically, and traditional cycle-based sourcing is no longer sufficient to make headway in volatile markets. Instead, leading procurement teams are switching to a dynamic...