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
“At the end of the day, procurement is a business enabler. The post [Pod] Architecting and Enabling Amazing ProcurementTeams w/ Fadi El Mouallem appeared first on Art of Procurement. No company can grow without its suppliers.
Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to categorymanagement and strategic sourcing. The answer is simple – automation.
Procurementteams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility.
For more than two decades, Fine Tune has been helping procurementteamsmanage some of their most complex, burdensome, and. The post AOP Introducing… Fine Tune appeared first on Art of Procurement.
There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurementteams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop categorymanagement strategies. .
Soft skills and leadership are key enablers for procurementteams and are as important as technological competence. Noël is looking to have non valuable tasks automated and pointed out that this could benefit not just the procurementteam but the total supply chain.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important? Set expectations with suppliers.
This process is common in Automotive and other manufacturing industries to ensure that selected suppliers are capable of meeting product quality requirements, and allows program managers and categorymanagers to identify, document, and mitigate potential issues and risk with proper audit standards.
When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?
VA Allen Smith , Division Chief, Acquisition Service 2, VA Katie Hulse , Director, Acquisition Services 3 (Med/Surg Prime Vendor), VA Julian Thrash , Director, Acquisition Services 5 (NX, Telehealth, VHA Medical Furniture), VA Laura Scott , Director, Acquisition Services 6 (Community Care Network, etc.),
Most organizations could do a better job of assessing the risk of their suppliers, particularly through the lens of a category. Categorymanagers should assess the level and types of risk of each supplier within a category selecting two or more suppliers with diverse risk profiles, thereby building in some resilience. .
A RACI (responsible, accountable, consulted, informed) chart is an effective project governance tool so that team members understand their responsibilities and to ensure accountability throughout the procurement process. Part 2 of The Procurement Journey will continue next month covering posting, evaluation and contract award.
Some lessons regarding managing supply chain risk may still help in the near term as companies struggle to reconfigure their supply base to an evolving pandemic. First, categorymanagers should look to investment professionals and take a broad portfolio view of supplier risk management.
We organize all of the trending information in your field so you don't have to. Join 5,000+ 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