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 relationships that we build with our co-workers, business partners, and suppliers is paramount to professional growth.
Nurturing the relationships around us is how we achieve our goals. Whether the goal is professional or personal, relationships are the key to getting there.
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.
Peter Hall, VP and Chief Economist at Export Development Canada (EDC) shares his perspective on the state of Canada’s oil and gas industry from three distinct levels or regions: provincial, national, and global.
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 […]
What happens when an entire workforce goes remote? What are the best practices for building a virtual-only type relationship? Dana Small shares her insights into creating and enabling partnerships through virtual meetings.
So how has COVID-19 impacted marketing spending? Recent research indicates that the reality is more nuanced than we might expect.
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.
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 […]