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
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. We see people who have emotional intelligence and who can be an influencer.
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 CPO in the financial services industry also noted that a need to redefine procurement’s role in the enterprise is happening, driven by the recognition that a new type of procurement capability is needed: Prior to our transformation, the ONLY metric by which our performance was measured is how much money we saved for the organization.
I recently interviewed John Zapko at Lenovo, who talked to me about some of the issues Lenovo is facing globally around supply chain talentmanagement. As we drive in this complex world, having that level of talent is really critical for us, and it is clearly the biggest challenge we have.
My point here is that we’re now entering what many are calling the ‘new normal’, where a new pattern of life is established based around the need to manage and mitigate the COVID-19 pandemic. This presents challenges for procurement leaders. Just as the world is having to change, Procurement will need to change too.
A recent interview I conducted with a former Chief Procurement Officer who has worked for over 25 years in procurement in various industries captures what I believe is the true opportunity that exists for supply management executives. Marketing and IT see this to some extent, but not like procurement.
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.
A recent review by Peter Smith of my new book , “The Procurement Value Proposition”, co-authored with Gerard Chick, provides some solid support for the message Gerard and I were seeking to develop. We need to be up to the challenge of creating the “impossibly talented” procurement professionals of the future.
Bayer Crop Science – Internal Procurement Audit – Undergraduate Team: Hamilton Brewer, Emily Ciriano, Scott Gray. NACCO – ROI and TCO Options - MBA Team: Robert Elder, Chris Godfrey, Alex Stewart – Project Sponsor: Chris Cox, NACC. Advisor: Cecil Bozarth, NC State Faculty.
TalentManagement in Logistics: Why It’s More Important than Ever. Transportation Procurement: Still Standing on the Sidelines? The Data Needed to Transform Supply Chains. New Episodes in Q2 2018. Digital Transformation in the Heavy Building Materials Industry. Realities and Misconceptions of 4PL Relationships.
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.
Quirk cites a 2017 study published by the Information Services Group (ISG) that concluded, “This kind of automation technology is allowing for a 43 percent reduction in resources needed for order-to-cash processes, 34 percent for invoicing, and 32 percent for vendor and talentmanagement.” ”[5].
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. Management skills.
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.
Other key ERP-related acquisitions included Demantra (supply chain planning), Retek (retail ERP), and Taleo (talentmanagement), further expanding Oracles footprint. To counter Oracles PeopleSoft acquisition, SAP acquired SuccessFactors, a leader in human capital management (HCM), in 2011.
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.
Since we are specialized procurement recruiters here at SCM Talent Group, a great example would be a company searching to hire a procurement analyst. Nobody wants to be stuck working for a company that lacks advancement opportunities or a company that rarely promotes from within. Get Involved with Giving Back.
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!
This second advisory report addresses supply chain staffing skills and management across specific functional areas of: Product management and procurement. Management skills. Customer support and product as a service needs. Strategy, planning and decision making. The report is complimentary with registration. .
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.
Proactive strategies should include research and development, procurement, production and sales. Key strategies that companies plan to adopt in the coming five years include end-to-end integration, technology investments, talentmanagement, and global process standards. 9. New technology.
Our audience and reach continues to expand with Supply Changer now being ranked as one of the Top 20 Supply Chain blogs in the world and one of the Top 15 Procurement blogs in the world. Featuring Our 12 Best Procurement Articles! Featuring Our 12 Best Procurement Articles! Featuring Our 10 Best Inventory Management Articles!
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.
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.
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. State-level procurement is more complex than most people realize.
Ivalua is the Gold partner of the Procurement Strategy Summit that will take place in Dubai from 16 to 17 October 2019. Key topics will be discussed in this year’s edition : How to handle the journey towards digital procurement ? How to leverage the talentmanagement of procurement professionals ?
Most recently, a failure in supplier communication and process compliance on the Horizon caused the worst environmental disaster in the Gulf, and BP’s procurement staff have spent enormous amounts of time and money to address these shortcomings. Descriptions.
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.
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. Leadership #SupplyChain #Business #SCM #Procurement #Purchasing.
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.
We look forward to assisting and informing multi-industry supply chain management teams in areas of supply chain business process, advanced technology, talentmanagement and skills needs along with a variety of other important areas.
It implies that transformation involves the ability of supply chain professionals to serve in roles that span multiple functions that include procurement, planning, operations and product management in functional or technology support dimensions. We applaud such cited strategies because they are long overdue.
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