This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Other critical functions include order management, manufacturing, and product development. Remember that talentmanagement matters.
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility. View Webinar Replay. More on that here.
A July 2024 Gartner survey also found that 72% of procurement leaders are focusing on incorporating generative AI, anticipating a shift towards strategic decision-making and innovation. Procurement leaders recognize the imperative in front of them, but what does it mean for the future skills profile of the profession? efficiency gap.
One of the most interesting panels from the Boston Procurement Leaders conference was focused on TalentManagement. We heard from a number of speakers on the subject of how the need for talent is shifting dramatically in the years ahead. The Vendor Management team are starting to sound like banking regulators.
I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. Procurement has a history that is linked in the core concepts of centralization, volume leveraging, and cost reduction. The earliest traces of this can be linked to materials management.
master of ceremonies”) for the Procurement Leaders Forum in the heart of Boston at Sixty State Street. Today’s knowledge forum focused on TalentManagement and featured one speaker who really inspired me. ” Procurement needs to re-think that and seek to narrow RFPs as well as go to the field with fewer suppliers.
The Ferrari Consulting and Research Group , through its affiliated Supply Chain Matters blog, announces the release of a second published research advisory in an overall three-part series: The Importance of Supply Chain and Human Resources Strategy Alignment for Addressing Talent Recruitment and Retention Needs- Part Two.
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.
The Supply Chain Matters blog announces the availability of the Supply Chain Matters Podcast Episode 17- Needs for More Diverse Supply Chain Talent from the Lens of Technology. There is a growing consensus that existing supply chain and talentmanagement processes and technology need a rethink.
If you have an efficient ERP system, information can flow freely between your source-to-pay applications and the companys central IT infrastructure. Other key ERP-related acquisitions included Demantra (supply chain planning), Retek (retail ERP), and Taleo (talentmanagement), further expanding Oracles footprint.
The modular design of ERP provides data and supports the processes that help employees manage their daily tasks. Each module is integrated into the system to ensure a single source of accurate data in the organization. Human Capital Management. Procurement. Order Management . Inventory Management .
Whether it’s your SVP of Supply Chain or a Sourcing Analyst, it’s important to make sure each member of your organization understands what success looks like and feels their value and purpose within the company. What Does Success Look Like? At any job level, employees want to know that the work they are putting in matters to the business.
These interviews are often the best source of information and are not published. Secondary data sources are published available databases, reports, websites, and so on. Supply market intelligence can also lead to better relationships with suppliers, which is a critical element to manage supply chain disruptions (see below).
Further included was manufacturing talent needs, and with consideration for moving outsourced production to domestic sourcing, the needs for retaining a highly skilled manufacturing talent in conjunction with factory automation. Management skills. Availability of Part Two Research Advisory. Remaining Report.
I had a chance to review the new book by Jim Hansen and Kelly Barner, “ Procurement at a Crossroads “, which explores the many changes that the profession is facing, and challenges individuals to do things differently. (I The authors also go through and explore a number of other procurement issues that are often debated.
Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. 3) Manage the transformation. Turning Supplier Collaboration into a Core Competency.
Emissions targets & progress verified by the Science Based Target initiative (“SBTi”) Research Triangle, NC, DATE, 2024: JAGGAER, a global leader in enterprise procurement and supplier collaboration, today released its third Environmental, Social and Corporate Governance (ESG) Impact Report for 2023.
We talked about how procurement needs to think about the five core “game changers” that are going on in the world, including the balance of power, technology, globalization, demographics, and sustainability. But you still have responsibility for the lower rungs of the ladder!
But organizations also need to work on investing in a talentmanagement strategy, beginning by partnering with targeted universities to help shape and develop the people that they need to fulfill these roles. We need to be up to the challenge of creating the “impossibly talented” procurement professionals of the future.
Ongoing efforts directed at supply network resiliency to continue, especially those related to termed China Plus sourcing efforts among specific industries. However, efforts will take on different levels of prioritization among specific industries or businesses.
It must be clearly visible to everyone in the state that procurement is well run. These legacy systems include many different processes, including sourcing, procurement, and payment systems used by the states. All states want to use public resources wisely and efficiently but doing so quietly is not enough to meet expectations.
I will be delivering a session on the Value of Procurement, as part of the noise we’re creating around the new book “ The Procurement Value Proposition “ As part of this promotion, I recently did an interview on what I plan on covering at this event. The interview is posted on the SCMR website.
Our invited guest is Rodney Apple, the Founder and Managing Partner of SCM Talent Group. The Supply Chain Matters blog announces the availability of our latest recorded podcast- What Supply Chain Leaders Should Anticipate in Leadership and Workforce Reskilling Needs in 2025.
Readers can access our summary and highlights from the 2023 report , along with prior years of ASCM and other noted talent surveys by clicking on the search term: Supply Chain TalentManagement in our Categories Menu appearing on the right-hand panel.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content