At its core, business is all about people and interactions between them. However, very few organisations put interaction models at the centre of their strategic thinking or their organisational design. They should, because it is a very simple and efficient way to streamline an organisation and develop its interactions both with customers and suppliers so as to maximise value creation.
For many 2011 has been a dreadful year spent amidst fears of a double-dip recession and the need to cut costs. While Greece is still on the verge of bankruptcy, Japan reported a foreign trade deficit for the first time since 1980 and the USA is struggling with record unemployment rates, Germany’s export economy has known an incredible growth. And, Germany’s suppliers are part of this success.
Procurement may not be the oldest profession - we all know which one that is, and Procurement should probably not try to compete with it - but, Procurement’s history through the ages is worth to be told as it can be traced back to the Egyptians and shows an interesting developing path through the ages.
With Greece slipping further into crisis, EU countries credit ratings being downgraded and the ever-increasing probability of a double-dip recession, the EU is in dire need of a way to fix its crumbling euro.
Back in August my colleague Victoria Barnato wrote a blog about how procurement can no longer afford to ignore social media. Two months later it seems that social media is still awaiting the arrival of the CPO. Operational-level procurement professionals seem to be embracing social media but the executive level seems slow to respond. What is holding them back?
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