Finding it hard to build relationships with your stakeholders? A dose of empathy is needed for procurement to really understand what they do and how they do it, only then can those relationships blossom.
The 2014 mid-term elections in the US have proven that sustainability is indeed a national issue, one that demands attention not just from business executives, including CPOs, but by political candidates and elected officials.
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).
As US voters near the midterm elections on 4 November 2014, there appears to be a big disconnect between what the public thinks about the economy, what investors think, and what at least some business leaders think.
Risk management requires consistency, communication, effective monitoring and trust - the kind of qualities and activities that aren’t fully available to procurement without effective relationship management.
At Procurement Leaders’ Boston Forum 23 September, Michael Stammherr, VP of strategic procurement, explained the realities and the efforts to achieve sustainable procurement performance in such an environment.
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