In the realms of supply chain and procurement, it has been well established that measuring supplier diversity is an incredibly important, and impactful, part of the process for any organization. According to Harvard Business Review, a diverse supplier is “a business that is at least 51% owned and operated by an individual or group that […]
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By this point, you’ve heard all about artificial intelligence. In more ways than one, it’s inescapable. Not only is it supposedly going to usher in a “new era” in procurement and beyond, but coverage and discussion of it is everywhere. A few times over the course of our lives, we will be around for something
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There is no secret that among procurement departments, no matter the industry—whether that be higher education, large corporations, more mid-size businesses, healthcare, non-profits, and more—staffing issues are a recurring problem. We have talked extensively about the issue in the past. And when staffing issues are present, “procurement burnout” becomes a serious matter. Procurement burnout There
“Hire Staff, Cut Corners, or Fall Behind”: Why There Can Be a Fourth Option Read More »
In our article “Five Ways Your Company Might Be Overspending,” we introduced our five-part series on identifying and ending overspending. In this article of the series, we go over the first of the five ways: Ignoring spend limits. How this overspend begins On the surface, it might seem obvious — your company is overspending by
Adhering to Company Spend Limits to Stop Overspending Read More »
In our article “Five Ways Your Company Might Be Overspending,” we introduced our five-part series on identifying and ending overspending. In this article of the series, we go over the second of the five ways: Spending without approval — manifesting itself as the “maverick spender.” How this overspend begins In every company, there are always
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In our article “Five Ways Your Company Might Be Overspending,” we introduced our five-part series on identifying and ending overspending. In this article of the series, we examine how your company can avoid overspending by building and improving your relationships with vendors and suppliers. How your vendor relationships affect overspending It’s easy to think that
Building and Improving Vendor Relationships to Avoid Overspending Read More »
