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Prior to World War II: Purchasing was regarded as being primarily clerical. Post World War II: Purchasing as a function gains stature, and with an increasing number of trained professionals, becomes a well recognized science, gradually growing into a strategic function. Recession 2008-09: Procurement was placed at the heart of business strategy. 2010s: The rise […]
Defining the future of procurement at Horizon 2012 Read More »
In part 2 of the 5 part series on Manufacturing & Direct Material Sourcing we saw how leading manufacturers are beginning to factor a total cost understanding into sourcing strategies. In part 3 of the series we delve into the third key tactic – Total Cost Visibility – Total Cost Modeling at the Center of Buying
In part 1 of the 5 part series on Manufacturing & Direct Material Sourcing, we saw how commodity forecasting, planning and true visibility into savings tracking and budgeting impacts form the nucleus of newer procurement initiatives. In part 2 of the series we will have a look into the second key tactic organizations are deploying
The challenges and scale of the opportunity posed for working in procurement within manufacturing have grown dramatically in the past few years. But technology adoption hasn’t kept up. At best, we’ve seen transformations in the function leveraging certain technologies (e.g., reverse auctions as process crutch to implement five-step or seven-step strategic sourcing processes on a
According to the latest Procurement Key IsÂsues study by The Hackett Group, managing supplier risks is cited as the second most important concern for procurement in the next year. In addition, the report notes that the concept of supplier risk has broadened from one of supplier viability and continuity to an approach that includes supplier
Leveraging technology to manage supplier risks Read More »
Zycus brings to you the worlds most famous consultative detective – Sherlock Holmes in an entirely new role. Test your skills in solving some of the intriguing cases related to procurement alongside Holmes & his trusty sidekick Dr. Watson. Play the procurement game and stand the chance of being crowned ‘The Procurement Guru’ along with
A Case of Identity Read More »
In 2011, among the first were the Japanese Tsunami that wreaked havoc on the semiconductor and automotive industries and the Thailand floods, which drove computer and hard drive manufacturers to put on their fly fishing waders to determine how much damage they had incurred in their supply chains! Organizations have begun to think about how
Planning for Uncertainty in 2012 and Beyond Read More »
We recently caught up with Andrew Bartolini, Chief Research Officer at Ardent Partners and publisher of the site, CPO Rising (www.cporising.com), to see if he had any advice for sourcing professionals . These were his recommendations: Manage careers aggressively. Start by asking for a raise. We believe that experienced and talented sourcing professionals should ask
3 Recommendations for Sourcing Pros in 2012 Read More »
Part 1 of this 2 part series provides a brief overview into the reasons for the collaboration challenges between procurement and legal departments. Part 2 of the series looks into the technology and process initiatives that enable a collaborative relationship between the two functionaries. The need of the hour is for the contracting process to
Driving Collaboration with Contract Management – Part 2 Read More »
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