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As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.
As it turns out, the solution to this growing problem may lie in our own refrigerators. billion metric tons—gets lost or wasted. What’s more, net food losses in developed countries (222 million metric tons) equate to nearly all of the food produced in Sub-Saharan Africa yearly (223 million metric tons).
As people conduct more and more transactions electronically, whether it’s consumers on Amazon or organizational buyers on Ariba, Coupa, or other P2P solutions, the relational component of supply chains seems to be going down. (UPS and FedEx both saw package volumes soar by 17% or more during the Christmas season over last year).
Purchasing and supplier management. A KPI is a metric… but not just any metric. A KPI is a metric focused on a KEY element of business, departmental, or team performance. There is really nothing wrong with capturing a lot of metrics, especially with today’s powerful analytics softwaresolutions to help.
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The solution lies in adequate training at the most important level — the workers themselves. A former journalist, she first became aware of the need for an intensive training regimen in Bangladesh, site of multiple labor violations and worker deaths. Management has to feel that this is a tool that it can use to train its employees.
A lot to wrap our heads around as humans designing solutions, so we need a lot of help. I think it’s a critical tool at a critical time. JV: AI is still a tool, so who wields the tool will impact the outcome. And it makes it very clear to me that we need a solution for all life on the planet. ZB: Thank you.
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