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246 épisodes
depuis 26 août 2020
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Few words empty a meeting faster than “governance.” Mention it to non-procurement colleagues and their attention tends to wander. At the same time, governance determines how decisions get made across procurement, maintenance, and operations. In MRO-dependent environments, weak governance shows up …

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ÉPISODES PRÉCÉDENTS

Procurement’s ‘hidden’ operational costs often sit in the coordination required to get work done across the business. Beyond the hours spent chasing stakeholders, locating contracts, reconstructing negotiation history, and digging through systems, teams can lose value through delayed savings, unsus…
While category expertise and strategies help procurement deliver specific business outcomes, sometimes it is the cross-category fundamentals that make the biggest difference of all. Case in point: stakeholder expectation setting.  How fast will a project move and why? What might need to be change…
Procurement and spend management play a critical role in humanitarian response because the speed and quality of sourcing decisions directly affect how quickly aid reaches people in crisis.  Rather than simply purchasing goods, these procurement teams create the capacity to respond before disasters…
Supplier diversity programs have been part of procurement’s purview for decades, and they have changed a lot during that time. The categories of supplier ownership have expanded and become better defined, success metrics have narrowed, and initiatives like ESG have altered how companies relate to t…
The mind-blowing potential of AI, either in LLM form or embedded in a SaaS solution, is so impressive that it would be easy to overlook the risks. Some of these risks come in the form of data security, but others linger in signed contracts that contain very real (but seemingly harmless) terms that …
There are some categories of spend that we all interact with differently because of the way they affect us as consumers. Packaging is a prime example of this. The level of strategy and effort invested in every choice make these buying decisions and supplier partnerships fascinating to study. In th…
If a company doesn’t know exactly what they are buying and about who they are buying it from, there is a good chance that their supply chain is riskier than they realize. The same lack of transparency creating that risk, also creates the conditions that allow forced labor and modern slavery to exis…
  “We always want to go about it from a consolidated approach so long as the business, the organization, whoever we're working with, is open to that. That is normally my biggest piece of advice, because it really does make the procurement process as a whole for the organization much easier. It's g…
As procurement looks toward 2035, leaders will have to face deeper transformation requirements than simply adding AI tools. They will have to rethink their operating models, talent, data, and decision-making. Uncomfortable though it might be, this will be essential if the function is to move from t…
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