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Tue 26 May 2015
Paul Teague Paul Teague

Without having done some of the work technical people in the company do, it’s hard to understand their challenges and pressures, and hard to convince them that you know what you are talking about when you give advice. Procurement needs a solution...

Comment

Mon 18 May 2015
Paul Teague Paul Teague

Mastering the fundamentals of procurement can bring big gains in operating profit. Conversely, weakness in the fundamentals can cause companies to miss out on those gains. Recently, we learned just how much money that could be, at least in the automotive industry.

Comment

Mon 11 May 2015
Paul Teague Paul Teague

Some of the changes in the business world – and especially procurement – have received wide attention, such as increased connectivity across the supply chain, the potential of big data for predictive analysis, and the new skills and mindsets the next generation of procurement professionals will bring to the function. But there is much more.

Comment

Wed 06 May 2015
Paul Teague Paul Teague

There really is no future of procurement apart from the future of business. After all, you and your team are servants of the business, and thus you should evolve in tandem.

Comment

Mon 27 Apr 2015
Paul Teague Paul Teague

Don’t waste a supply chain crisis: it can get the attention and support you need.

Comment

Mon 20 Apr 2015
Paul Teague Paul Teague

The news last week that GM was planning to sign long-term contracts with several suppliers may have struck some as a ho-hum development. After all, long-term contracts are a normal strategy for companies in many industries. What’s the big deal here?

Comment

Mon 13 Apr 2015
Paul Teague Paul Teague

What does collaboration really mean to procurement? What stands in the way of collaboration? And what’s required for collaboration to truly advance strategic objectives? There has been some discussion of that recently that I think deserves attention.

Comment

Tue 07 Apr 2015
Paul Teague Paul Teague

It doesn’t take much for economists to get gloomy. Latest reports paint a concerning picture of American business. But, not to worry, procurement folk: there are other reports that present a brighter picture.

Comment

Mon 30 Mar 2015
Paul Teague Paul Teague

In the US, its time for March Madness: ups and downs, changing circumstances, and a constant need to adjust strategies and tactics. What you need to thrive at this time has parallels in business, especially in procurement.

 

Comment

Mon 23 Mar 2015
Paul Teague Paul Teague

Though there are still engineers who don’t like to admit it, procurement is a critical ally in their efforts to produce new products. And there’s one other service procurement can provide...

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