The UK retailer’s launch of a new online platform that will enable more effective collaboration with its suppliers, known as the Tesco Supplier Network, is a positive step in forging better relationships with its partners.
My subject being the somewhat ticklish subject of corruption in the supply chain, many of the academics and practitioners agreed that, although interesting, this particular area of inquiry might suffer from ‘data weaknesses’.
The first—and arguably most overlooked—opportunity to improve procurement decisions is to take the time to understand and challenge what the business needs. As a category manager, this may seem obvious to you, but I invite you to step back, take a deep breath, and consider asking different questions.
What do artificial intelligence, The Terminator and procurement have in common? You might be surprised to learn, writes David Rae, that they all play a part in current thinking about the future of people and talent.
When can payment for goods received reasonably be expected? A buyer buys from a supplier, supplier gets paid; it’s the foundation of any business. But what happens when the balance of power sits so definitively with the buyer?
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