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Mon 01 Sep 2014
Paul Teague Paul Teague

New credit ratings regulations to help prevent conflict of interests, but procurement is going to have to wise up to ensure the financial information they gather on suppliers is really effective.

Comment

Tue 26 Aug 2014
Paul Teague Paul Teague

When it comes to innovation, the element that is the least expensive, the most practical, the quickest to deliver, and the most likely to positively impact the bottom line immediately, is procurement’s work with suppliers.

1 comment

Mon 18 Aug 2014
Paul Teague Paul Teague

Recent research from The Hackett Group claims that procurement’s ability to generate big savings is declining dramatically. Despite what you might think, that’s good news.

 

Comment

Tue 12 Aug 2014
Paul Teague Paul Teague

There is plenty of theoretical information on risk strategies. But what does risk management really look like in the real world?

1 comment

Mon 11 Aug 2014
Paul Teague Paul Teague

Often, you’ll read on these pages reports that there is a trend toward reshoring, bringing manufacturing back to home shores. I’ve written a few such reports myself. And almost as often, you’ll read that there is no such trend, that there is only anecdotal evidence.

Comment

Mon 04 Aug 2014
Paul Teague Paul Teague

Most often when people in business – including those managing procurement – talk about sharing best practices, the assumption is that many of those best practices reside in large companies. But procurement managers of all walks should remember there are times when small companies can show the way.

Comment

Mon 28 Jul 2014
Paul Teague Paul Teague

The rise of the millennial generation will shake up the procurement for the better but will bring with them their own set of unique challenges.

Comment

Mon 21 Jul 2014
Paul Teague Paul Teague

Recent headlines point to the connection between climate risk management, the need to pay attention to suppliers' CSR efforts – or lack of effort – and corporate reputation.

1 comment

Mon 14 Jul 2014
Paul Teague Paul Teague

Benchmarking – comparing your performance against others of equal size and in similar industries – is a favored practice for many business functions, including procurement. But CPOs take the practice one step further than most.

Comment

Mon 07 Jul 2014
Paul Teague Paul Teague

In case anyone had doubts, it’s now official that the “big data” revolution has gone mainstream.

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