There is a steady increase in recruiting activity within the procurement industry. Often, there is an assumption that an organization should automatically be looking outside for new talent. However, in going “outside,” we may be ignoring the “internal” diamonds—the talent that we already have in place but have not fully developed or utilized.
The Strategic Role of Procurement and Supply Chain Management in Life Sciences Working in the life science industry brings a lot of enjoyment to employees and the patients and families they serve. The pace of medical and technological advancement provides better treatment for millions of people daily across the globe through healthier and longer lives. […]
The relationship between marketing and procurement has often been tumultuous since “marketing procurement” appeared on the scene more than two decades ago. The good news is, the relationship has improved. In a growing number of companies, procurement and marketing professionals are now working together as a cohesive team. But recent research also shows that many […]
The overall practice of developing, partnering, and retaining your supplier base should be the focus of every procurement person, from the buyer to the CPO. The best way to begin, Steph Shrader has found, is by practicing what should be called the Golden Rule of Procurement: treat your suppliers the way you would want to be treated yourself.
Why do some supply chain teams—despite having all the right commercial skills, tools, systems, and processes—still fail to achieve excellence and success within the organization? At the same time, some teams seem to possess a “secret ingredient” that helps them to achieve truly outstanding results. The same applies on an individual performer level. I once […]
Recognizing the vital role that women play in the procurement world is not the same as recognizing the persistent biases that inhibit and limit the opportunities for women. But, organizations that recognize the importance of women and compensate them accordingly will gain a decided competitive advantage.
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