Sometimes, the old way of doing things isn’t better, it’s just outdated. And the way many organizations select Managed Service Providers (MSP) and Vendor Management Systems (VMS) definitely needs a new approach.
Cost modelling is, of course, one of the levers that, when utilised correctly, by procurement can deliver the most impressive results. I remember speaking at length to former Royal Philips CPO Neil Deverill about how much he loved should-cost modelling, and how Jimmy Anklesaria of Anklesaria Group, and a should-cost guru, felt it was one of the profession’s secret weapons.
As uncomfortable as it may be, procurement needs to hear from unhappy suppliers. In fact, giving suppliers the opportunity to complain or otherwise rate the way they are treated is a vital part of effective supplier relationship management (SRM).
At the start of 2014, independent research showed that less than 50% of large UK businesses were regularly auditing their Tier 1 suppliers on whether they used slave labourers. That figure fell to 36% at Tier 2. Since then, we have seen multi-national buyers advance significantly their efforts to address slavery within their supply chains.
For business and the procurement function the world is a much faster-moving place than it has ever been before. Sit still and you are likely to find yourself left behind by your competitors and suppliers.
One of the biggest luxury FTSE 100 retail brands in the world is looking for a Buyer to join their world class team. This is a fantastic opportunity for a procurement professional with a passion and background in Travel or Indirect Sourcing, working f ...
One of the biggest luxury FTSE 100 retail brands in the world is looking for a Buyer to join their world class team. This is a fantastic opportunity for a procurement professional with a passion and background in Supply Chain & Logistics services sour ...
Do you have the drive & commercial focus to succeed in a progressive, dynamic & forward thinking commercial team? If so, we have an excellent opportunity where your programme, project and contract management expertise will be fully utilised & develope ...
Tap into the global talent network with Procurement Leaders’ own jobs board and careers service “People in Procurement.”
Sigaria accepts no responsibility for advice or information contained on this site although every effort is made to ensure its accuracy. Users are advised to seek independent advice from qualified persons before acting upon any such information.