When it comes to supplier diversity and inclusion, we must view it through an ever-expanding lens of increasing social awareness and understanding of how we support the larger community while creating diverse economic opportunities.
By creating more and more equitable economic opportunity through our supply chain, Facebook is working to dismantle systems that stifle the potential of underrepresented businesses and their communities.
If you believe in the importance of diversity and inclusion, attending Procurement Foundry’s Supplier Diversity and Inclusion event in February is essential. It’s your chance to make a difference.
A category strategy is much more than a document that answers the 5 Ws as it becomes the critical guide to the Category Manager in his/her application of different procurement strategies, levers & tactics to generate value for the company they represent. By including these six elements in your category strategy, you are sure to deliver a significant impact for your organization and see transformative results.
How quickly will the trajectory of the pandemic improve, and when will more normal business conditions return?
The COVID pandemic has changed every part of our world, including where we work. The term “office” may now be obsolete, and perhaps it is time to transition to using “workplace” as the all-encompassing term for the places we will work.
The near-term will be a transitional phase, but what can we expect in 2022?
People talk about “best-of-breed” a lot when it comes to digital transformation in procurement, but I’m not sure that they know exactly what it means. In this blog post, we outline what defines “best-of-breed”, why “best-of-breed” is a distinct approach to digital transformation, and how you can decide if “best-of-breed” is the right approach for your team’s digital procurement roadmap.
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 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.