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In the previous blog we spoke about the significance of supplier management and why it is moving at the heart of procurement. In this blog we will discuss how to put Supplier Management in practice For procurement to develop and build on a supplier focus there must be focus on the right mental attitude, hard data, […]
Putting the Supplier at the Heart of Procurement Thinking – Part 2 Read More »
That, supplier is an integral part of an organizations procurement strategy and even instrumental to the success of the strategy is an irrefutable fact. Time may have come for procurement executives and organization’s to put it at the heart of their strategy. Undoubtedly supplier management is gaining more focus amongst procurement leaders and thinkers. In
Putting the Supplier at the Heart of Procurement Thinking – Part 1 Read More »
In the previous blog we discussed the factors that are demanding a re-look at the organizations’ sourcing plan. In this blog we will talk about how sourcing projects can be managed better. Large scale sourcing projects are complex and cannot be managed manually. Leveraging technology will help sourcing managers run projects with increased effectiveness and
Stepping Up the Sourcing Game with Project Management – Part 2 Read More »
65% of procurement executives are open to innovation – pursuing game changing innovation or technology to support organization strategy. 88% of organizations cite strategic sourcing as ‘major’ or ‘critical’. The above statistics, as per the recent Hackett Group research highlight the new and strategic role of sourcing in pursuing organizational goals, to be more process
Stepping Up the Sourcing Game with Project Management – Part 1 Read More »
The procure-to-pay systems enable integration of purchasing department with account payable department acting as a link between procurement and finance. However, many P2P initiatives flounder when it comes to user adoption rate because of complicated systems and non-user friendly interface. Employees who need to buy indirect goods and services are busy executives, and they don’t
The P2P Balancing Act: What Users Want – What the Business Needs? Read More »
In the previous blog post we discussed the need for procurement function to include corporate social responsibility in its agenda. CSR as an activity is something that organizations adopt beyond the normal scope of work. (Though now many organizations have people dedicated to CSR.) For procurement to incorporate CSR in its agenda, the need to
Should CSR also be an imperative for procurement? Part 2 Read More »
Corporate social responsibility is commonly defined as an initiative taken by the organization to assess the impact of the organization’s activities on the society and take responsibility for the same. This could be in the form of society welfare programs, using environmentally friendly products or any activity that is undertaken for the benefit of its
Should CSR also be an Imperative for Procurement? Part 1 Read More »
Continuing the drive to understand procurement landscape across the globe, Zycus conducted an in-depth research amongst 140+ procurement professionals in Asia. The result of this research helps understand the current procurement scenario in Asia. Some of the insights from the report are: Executive support for strategic procurement is very strong across Asia Procurement professionals in
What is the Pulse Rate of Procurement in Asia? Read More »
Horizon 2012 was witnessed by over 200+ attendees from 100+ companies. “Excellent execution”, “Like the concept. Hope you do it again next year.”, “Very good conference”, “Excellent program, well managed and coordinated.”are some of the phrases the attendees used to describe their experience at Horizon 2012. In 2013 we strive to take this experience to
The Land of Six Flags Beckons You to Horizon 2013!! Read More »
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