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Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Furthermore, their rapidly shifting nature requires a new level of agility.

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Organizational Alignment: Overlooked, but So Important.

Supply Chain Shaman

But, I want to understand this more, and as a result, I have a new study in the field to gain additional insights, and I would love your input. If you answer the survey, I will gladly give you a custom analysis of your organization against the peer group. In 2012, I placed the first alignment study in the field.

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The Science and the Art of Procurement

ivalua

As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Technology has radically changed procurement activities and procurement roles across virtually all our spheres of activity.

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3 Ways Procurement Can Help Grow Revenues (Part 2)

ivalua

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Incentivize procurement w/performance goals & KPIs that encourage supplier collaboration to drive meaningful changes in behavior.

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Accenture Study Provides Evidence of Supply Chain Resiliency Actions

Supply Chain Matters

We stated that procurement and supply management leaders will be expected to lead in supply resiliency efforts across product and business areas. The Accenture analysis indicates that on average the companies surveyed exhibit a maturity score of 56/100 across all 31 capabilities for resilience. In 2022, more U.S. In 2022, more U.S.

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Role-Based Training for Procurement & Supply Chain Teams

Procurement Academy

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning.

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Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

Over 85% of companies turned their systems off, turning to spreadsheets and ad hoc manual analysis. The chasing of dead-end streets based on spreadsheet analysis—making infeasible decisions from cursory spreadsheet analysis– undermined corporate value. Belief in efficient procurement. My quest is “why?”