For most supply management professionals the question is not if they will be involved in an acquisition but when. In my own experience it can be a significant opportunity for procurement professionals whatever side of the acquisition they are on. In fact, a sudden and unexpected enlightened response to procurement by senior executives, resulting in the beefing up of supply … Read More
Procurement Talent: Entrepreneurial Disruptors Required
Crowd sourcing, cloud sourcing, open innovation – call it what you want. But it represents both a threat and an opportunity to procurement professionals everywhere. Organisations such as IBM, Volkswagen, Unilever and the Conservative party have all made the news recently with crowd sourcing – essentially outsourcing a task to a large group of people through an open call for … Read More
Expanding Procurements Scope and Influence
Expanding procurement’s scope and influence is critical for CPO’s, if procurement is to develop its value contribution beyond cost savings. Here we discuss some mechanisms to help procurement leaders achieve this goal: The ability to expand the depth and breadth of procurement’s playing field, to take on greater spend under management and to move beyond cost savings are on the … Read More