As a member of the Procurement Foundry community, you faced the transformational events of 2020 and quickly evolved to meet the challenges within your organizations. Perhaps you might have even looked here, within the Foundry’s blog, for some guidance. When I wrote this first article of a three-part series on the reinvention of the procurement […]
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.
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 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 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 […]