By Timothy Ponzio Got plans? No time like the present to create, update, and test those business continuity plans while in the thick of it. It’s better to take the proactive approach because most executive leaders will be asking for these plans if they haven’t done so already. If they aren’t asking yet, then this […]
by John Buglino Industry 4.0 is revolutionizing how manufacturers leverage technology. Beyond being digitized, Industry 4.0 expands upon what you were able to accomplish with Industry 3.0. This new frontier in the world of industry takes the technology you’ve implemented—robotics, software as a service (SaaS), the Internet of Things (IoTs), AI, and big data platforms—and […]
by Sarah Scudder I’ve been working in procurement for years, and I’m a passionate advocate for elevating the role of women in the procurement function. So I was filled with mixed emotions when I recently reviewed the findings of two 2019 research studies that focused on the state of gender diversity in procurement. Both studies […]
Everyone talks about the importance of relationships to the point that most just respond with an agreeable nod and little else. In a recent poll (see below), the majority of procurement professionals reported that they do not consider relationship management to be a critical part of their overall responsibilities. But why?
Talk to almost any procurement professional about the importance of our function and you are likely to hear the same thing. We know we do a great job but feel that no one else recognizes our contributions.
As everyone around the globe sits in their homes in isolation, the COVID-19 pandemic is bringing procurement and supply chain management out front and center, shining a spotlight on these leaders and teams like never before.
by Jon Hansen In a profession that traditionally measures success in terms of lowest price, supplier relationship building is one procurement skill for which success is often obscured. Starting back in the old days – and we are talking about a period spanning 30 plus years, buyers would create a pocket of “trusted” suppliers with […]
Rich Ham, guest author for Procurement Foundry Procurement instinctively seeks the relative certainty and security that comes in the form of a contract. Procurement professionals tend to believe that once a contract is negotiated that promises savings in the form of lower per-item costs, the job is done. But are those savings real beyond the […]
Sarah Barnes-Humphrey | Procurement Foundry It doesn’t take much to remind us how small the world is. Within a matter of hours, you can travel from one side of the earth to the other. Distance is no longer the barrier it once was. We can think of global supply chains in much the same context. […]
Sarah Barnes-Humphrey for Procurement Foundry Just when we have finally mastered the end-to-end visibility and collaborative capabilities necessary to maximize the performance of a linear supply chain, the rules seem to be changing. Those who have been in our profession for some time will readily understand the long and winding road we have taken to […]