A panel debate at the Procurement Leaders Forum in Vienna today, delved into some of the more crucial issues procurement leaders are having to deal with today. Titled Orchestrating change: Strategies to maximise the potential of procurement, the session focused on three key areas - capturing supplier innovation, generating revenue and preparing for the future.
If there's one thing that can be said for the current British government, it's that it's pro-business. Together, prime minister David Cameron and chancellor George Osbourne want to lower the rate of corporation tax and introduce a number of measures that will attract major organisations to the country.
In the latest issue of Procurement Leaders, deputy editor Steve Hall reported on how procurement is facing a crucial test, as its continued evolution begins to undermine its very existence. Speaking to Novartis' Giles Breault provides further evidence.
A long time ago, in an office in the City of London, some of the most powerful bankers in the UK put their weight behind a set of processes that could provide the lubrication upon which an economic revival might be stimulated.
As the Geneva Motor Show kicks off, it’s worth spending a little time analysing developments in the industry widely seen as the place where procurement is held in the highest regard. It’s here that the most CPOs have board level visibility; where purchasing truly does define success or failure.
IBM’s completion of its acquisition of Emptoris, announced 1 February, 2012, is one more indication of the growing recognition of the importance of analytics in procurement, a use that procurement executives in several industries say is essential. Others outside procurement think it’s essential too: Gartner’s recent CIO survey concluded that analytics and business intelligence are the top-ranked technologies for 2012; Consultancy A.T. Kearney has long pushed for increased use of analytics in supply chain management; and the American Management Association has just added a new course on how to improve analytical skills to its list of educational seminars.
There’s a quiet revolution taking place in Hong Kong, which a growing number of western companies are tapping into to help increase their traction in the Chinese domestic market while, at the same time, reducing exposure to the currency risk of operating there.
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