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In the previous blog we discussed why there is a need for businesses to develop an agile supply chain and listed the 5 imperatives to build an agile supply chain. In this blog we will discuss the first imperative. The first imperative is –Â UNDERSTANDING THE VALUE PROPOSITION OF YOUR STAKEHOLDERS. For implementing any key decision, […]
Cornerstones of an Agile Supply Chain – Imperative no. I Read More »
For any business leader today the top challenge is cost. According to the latest Hackett report, managing supply risk has increased in priority (56% in 2013 vis-Ã -vis 42% in 2012) as a means of profit protection. Thus, as business leaders across industry sectors work towards realizing cost efficiencies, with millions of dollars at stake, the
Cornerstones of an Agile Supply Chain Read More »
In our earlier blog we discussed how the definition of the talent required in procurement has changed and become more demanding. We also discussed the 3 steps that can be considered to devise an effective procurement talent management strategy. In this last of the 3 part blog series, we will talk about the remaining 3
Managing Procurement Talent Crisis– Part 3: Identifying and Retaining Talent Read More »
In the previous blog we discussed the major gap between the skills required by organizations and the skills possessed by college graduates, the brewing talent crisis which is forecasted to get worst and the trend in talent deficit across the globe. In this blog we will discuss what the organizations can do to attract and
Managing Procurement Talent Crisis– Part 2: Identifying and Retaining Talent Read More »
In this blog series we would like to touch upon an issue which is fast gaining attention among the CPOs & CEOs globally on account of its direct impact on the organization’s performance –Talent Crisis. With the economies still struggling and the unemployment rates lingering at high levels – there is a huge talent crisis looming. A
Managing Procurement Talent Crisis– Part 1: Trends Read More »
In the second part of the series, we discussed how the sourcing process can be improved with the help of technology by accelerating event drafting and bringing in flexibility in scheduling the event. In this post we will move on to the next two steps to simplify the sourcing process. The third step is HOLISTIC RESPONSE
In the first part, we discussed how the sourcing process has evolved over a period of time – from a highly manual process to the one backed by technology. We also explored the reasons mandating this shift in the process. In this post we will see how the existing sourcing process can be improvised by
Recently, head of Toshiba’s procurement function has been made the CEO. This instance again confirms procurement’s growing importance within the organization. The advent of technology has changed everything around us – the way we communicate, we shop, we live and the way businesses operate including sourcing. In this 3 part series we would attempt to
Elevating Sourcing Process to the Next Level: Part 1 – Sourcing Redesigned Read More »
In the previous blog we discussed the first step, which involves getting the configuration correct i.e. defining the structure and boundary of the project. In this post we will discuss step 2 and step 3 of the procurement performance tracking process. The second step in the process is – EXECUTION After the process outline has been
Making Procurement Performance Count – Part 4: Streamlining the Procurement Process Read More »
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