Transitioning from transactional to strategic procurement: negotiating for success

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 […]

Beyond the headlines: Is procurement blockchain a real thing?

Michael Cadieux In 2016, Supply Chain 247 published an article about Walmart, IBM and Tsinghua University (in China) exploring the use of blockchain in the supply chain. There were several interesting elements to the initiative, including increased end-to-end transparency. But what became of the Walmart-IBM-Tsinghua initiative? Quit talking about blockchain There are any number of […]

Reports of ERPs death have been greatly exaggerated: why procurement should care

Check out the following excerpt from a 2014 article titled “Does Gartner’s “Postmodern” ERP moniker put a positive spin on what is, in reality, the equivalent of technology landfill” “When ERP was in its heyday, CEOs and business executives wanted reliable and integrated solutions, so they seized upon ERP as the way to provide this,” […]

Commissioning procurement: Is it time we got a piece of the action?

Michael Cadieux What’s great about getting together with fellow professionals outside the office at venues such as our recent Procurement Foundry Toronto Meetup on February 4th, is that we get to let our hair down and talk about anything and everything. During one such gathering, the subject of corporate strategic sourcing came up. More specifically, […]