One idea that has not changed, nor will ever change for procurement, is the importance of managing cost. In fact, procurement’s raison d’être, headed by the Chief Procurement Officer or other procurement executive, is and always will be focused on controlling cost; but it increasingly requires the adaptability to adjust to the world around it.
Featured Resource: Improving Retail Procurement Insights
Thinking Beyond Cost for Delivering Innovation
Whether addressing merchandising or non-merchandising spend, retail is facing some big challenges. Regulation, compliance and pressure to manage supply base against performance and risk are increasing. The retail industry in particular runs a high supply chain risk – perhaps the highest of any industry segment. This creates a need for better awareness of sourcing processes and supplier management.
Use flexible workflow as a driver for collaboration & self-service
Making your organization run efficiently requires that you are able to take a clear and honest look at your workflows as they were designed. With the right enterprise technology, you not only can do this, but can also easily collaborate and communicate the business process you intended for those workflows, while enabling self-service capabilities to meet the demands of a wide variety of users. Continue Reading
Meeting diversity objectives can help reach a whole range of bigger corporate objectives, too!
Supplier diversity was initially promoted as corporate stewardship for the disenfranchised. Today, diversity is considered a competitive advantage. Changing work demographics and emerging markets compel businesses to invest in supplier diversity programs. Yet, most organizations are unable to measure and report on their supplier diversity efforts.
Gartner has the data: more than 90% of 2015’s deals were for cloud-delivered solutions and suites.*
Conversations about cloud/SaaS computing always seem to circle back to security. Yet the fact is that most of us are already in the cloud. So many services are hybridized that it’s almost impossible to delineate where the cloud starts and on-premise leaves off.