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Financial services sector talent woes continue

Procurement Heads

We saw in the period following the financial crash of 2008 that failure to invest in skills development, attraction and retention when markets are struggling can have a longer-term detrimental impact on recovery. “It’s

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Top 5 Critical Skills Next-Gen Procurement Leaders Must Develop Now

Zycus Cognitive Procurement

According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile. Risk management.

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Sales and Operations Planning – What Is It, and Why Should You Care?

NLPA (Next Level Purchasing Association)

The executive component to Sales and Operations Planning is top management’s portion of the overall S&OP process. Supply Risk Checklist. Vendor Risk Management. It intends to add clarity, referring to the executive or volume element of the morphed definition. Wallace and Co., The Mission of eS&OP.

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How Banks Can Improve Transparency in Procurement for Better Compliance

Jaggaer

But if (as is likely) the vendor is also a customer, for example one that recently received finance for a new warehouse, the Chief Operating Officer and customer relationship managers may have other ideas. There is also, of course, plenty of scope for bribery and corruption. Procurement’s Role in the Banking Industry.

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CPO Spotlight: Rachel Lemos

Procurement Heads

That is something that really appeals to me in terms of compliance, and risk management, making sure that we have robust governance to cover all aspects of the business. BC Ferries is a hybrid company under contract to the Province. We see that disconnect in some organisations.

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Dear CEOs – here are 5 more things your CPOs can do for you

Zycus Cognitive Procurement

After the financial crisis of 2008, companies started to focus on improving their overall value creation to survive the demanding market and economic situation. A CPO armed with a best-in-class risk radar and AI-led risk management software can manage and mitigate risks to soften the blow on your organization from these force majeure events.

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EBA Guidelines – A Call to Action for Banking Sector Procurement?

ivalua

The financial crisis of 2008/9 and a whole range of banking and financial services issues, and occasionally scandals, answered that question. A form arrived on my desk that required us to list some key contracts – I’m not even sure where it came from, to be honest. But it seemed a bit of a cheek, really.