Digitalisation is currently a hot topic within procurement. This article will drill down to explore digitalisation within the sourcing arena specifically, the expected benefits and the DOs and the DON’Ts when embarking upon the digitalization journey
In the future, procurement – the digital revolution, Procurement 2.0, call it what you will – will run on wholly digital platforms overseen by a small, lean and intelligent team of supply management professionals.
A 2017 survey on the future of procurement found the majority of the 400 procurement specialists that responded said cost-cutting is top of the business agenda, while adding value is procurement’s highest priority.
Getting a successful supply chain risk management strategy off the ground isn’t easy, but it’s not exactly rocket science either. There are 7 key steps you need to take to start managing supply chain risk proactively, but we have already done the hard work for you.
Organisations today face an evolving array of risks – and corporate boards and executive leaders are feeling the pressure. Business risks generally fall into four categories: reputational, regulatory, financial and strategic. We take a closer look at the types of risk that require ongoing monitoring.
When the price of raw materials in your supply chain suddenly changes, the impact on your bottom line can be significant. Ineffective price risk management can seriously affect your costs, profitability and company performance. How can procurement and supply chain professionals best manage this risk?
While large corporations turned their attention to Asia for production outsourcing long ago, now may be the time for SMEs to join. In fact, political and economic uncertainty in an ever-shrinking world could make this not so much an option, but a necessity.
What does the future hold for chief procurement officers? And how can you develop a skillset and leadership style that will allow you, and your organization, to thrive? This whitepaper, from CIPS and Supply Management, features the views of influential CPOs and experts. It will show you:
How the North American procurement market is evolving
The skills required for future procurement leadership success
If your industry hasn’t been disrupted yet, it can only be a matter of time. So how can your organisation weather the storm of disruptive innovation and come out on top – and how can smart procurement help? This whitepaper, from CIPS and Supply Management, will show you:
How geopolitical, demographic and technological change are disrupting industry