While many fundamentals suggest the U.S. economy remains healthy, there are also looming signs of a slow-down. If a recession takes place, procurement and finance professionals are likely to be the first in their organizations...
Read MoreThe Procurement as a Service (PaaS) model, which utilizes outsourced human talent, technology, and industry-specific knowledge to enhance or – in some cases for SMB companies – replace the buying process for companies is...
Read MoreImagine a world where all people thrive within the environmental boundaries of our planet. Picture a planet where the immediate threat of climate disaster has been avoided and where global businesses have evolved their business...
Read MoreSustainability is one of the most important trends of our time – and it looks set to dominate business discussions well into the foreseeable future. In fact, studies have made the case for sustainability to be considered a new...
Read MoreMost people in procurement are nowhere near using AI yet. Why not? Forward-thinking companies are deploying it to create competitive advantages now. According to Gartner, only about 7% of CIOs had AI identified as a priority in...
Read MoreIn 2020, you can bet your bottom dollar that consumers won’t be spending theirs on your products if you aren’t striving to operate sustainably. For years, naysayers have argued that the consumers who say they want sustainable...
Read MoreIdentify Your Sustainability Priorities To build a sustainable procurement process that complements your company’s core mission, the next step to take after conducting a thorough spend analysis is to identify the blend of...
Read MoreAt U.S. insurance companies, policyholders’ claims represent 70% to 75% of the total cost. This makes complete sense, of course, since policyholder benefits are the sole reason why anyone buys insurance products and services....
Read MoreProcurement Sentiment and Observations During this pandemic, many organizational CEOs and Board members have become aware of and startled by the inefficiencies and bureaucracies in their Procurement organizations. C-suite...
Read MoreKey Facts 64% of global cobalt supplies came from Congo in 2018 In 2018, over 77% of greenhouse gas emissions came from transportation, electricity generation and industry Over 20 million people across the world are trapped in...
Read MoreCause and Effect of Past Practices To continue our discussion from Part 1, let’s consider the roles of cause and effect on evolving Procurement practices. Suppose an organization installed a Finance procurement overseer...
Read MoreTwenty-five years ago, the internet was in its dial-up infancy, businesses still relied on fax machines and procurement was considered solely a back-office, cost-cutting function that controlled the organization’s purse strings....
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