Strategic Sourcing as we know it is dead. The new Strategic Sourcing is less bureaucratic, more nimble, more practical and more customer service-focused. Purchasing consistently struggles to earn...
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If your organization is like most, you are drowning in a sea of ideas. The result is an inefficient innovation process. To boost your innovation ROI 10x, instead of ideas, focus your energies on...
Supplier diversity or diversity in contracting are programs that can be either mandatory (i.e., requirement to fulfill state or federal contracts) or voluntary (i.e., procurement/social...
With multi-state operations and significant investment in contracted construction labor, this is the story of how utility company California Water Service Group transformed its contract management...
You may not want to dedicate the time to reviewing and revising your disaster recovery plan to cover every contingency. Most people don't. However, survival could be the reward for proper...
The Source-to-Settle (S2S) engagement starts with the effective onboarding of the internal customer and suppliers. Most organizations miss this critical first step resulting in time delays and...
No two procurement ecosystems are alike. Therefore, no two procurement organizations will take exactly the same path in transforming themselves for efficiency, strategic focus, and ongoing growth...
Contents:
- Definition of Supplier Diversity
- Our Procurement Policy and Supplier Diversity
- A discussion on KPIs
Organizations have been implementing "supplier diversity programs" in some flavor for years. Some copy and paste RFx language from one bid to another, generate contract clauses that sometimes...