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The fast-changing economic environment of today presents both possibilities and problems never seen before. Procurement… The post The Top 7 Benefits of Hiring a Procurement Consultant first appeared on Procurement Blog | Procurement & Supply Chain News.
Think about it for a moment – a giant, multinational global company that had a $20 million contract with us was unwilling to meet with me to even talk about a price reduction. My only reasonable response was to tell him that I was prepared to walk away. My reasoning was that true respect between partners is when they listen and talk to one another to reach a mutually rewarding outcome.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Low-touch, or touchless planning, forecasting and other types of supply chain knowledge work automation have been around for a while now. A trend that started with Robotic Process Automation (RPA) in the back-office, automating dull and repetitive tasks like invoice matching, evolved into cognitive automation and autonomous execution of more advanced supply chain processes using intelligent agents.
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Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
What will be the necessary procurement skillset for the future? The procurement skillset landscape has shifted dramatically, and traditional skills are now a thing of the past. We’re tackling this topic during our upcoming webinar, Why procurement now needs a different skillset: 10 essential skills for the new procurement professional , on Wednesday 19 June at 3PM BST/10AM ET.
A Marketing Qualified Lead (MQL) is a lead that has been evaluated by the marketing team as having a higher likelihood of transitioning into a customer compared to other leads. This assessment is grounded on a set of predefined criteria. This typically includes the lead's engagement with the company's marketing content—such as visiting specific web pages, downloading content offers, clicking on calls-to-action (CTAs), and interacting with social-media posts.
Fridays (in 2024) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team. Five CPO Strategies to Battle Inflation The U.S.
Published by Kogan Page on 3 May 2024Paperback, £49.99/$59.99 Category Management in Purchasing , now in its 5th edition, is a comprehensive and practical guide to approaching purchasing and procurement strategically, effectively, and sustainably through category management. Author Jonathan O’Brien with 30 years of experience, has helped equip global organizations to increase their purchasing capability through digital platforms, training, education and working directly with practitioners
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
In November 2023, the California Privacy Protection Agency (CPPA) released a set of draft regulations on the use of artificial intelligence (AI) and automated decision-making technology (ADMT). The proposed rules are still in development, but organizations may want to pay close attention to their evolution. Because the state is home to many of the world’s biggest technology companies, any AI regulations that California adopts could have an impact far beyond its borders.
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