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Wed 13 Jul 2016
Rachel Sharp Rachel Sharp

Now that Theresa May has ascended to the role of prime minister, will businesses finally learn more about what the UK’s post-Brexit future holds?

Comment

Tue 12 Jul 2016
Sophie Dyer Sophie Dyer

While assessing the repercussions of the UK’s decision to leave the European Union , procurement needs to be careful not to undo the corporate social responsibility policies and sustainable practices it has worked hard to implement

Comment

Fri 08 Jul 2016
Rachel Sharp Rachel Sharp

This direct attack on the nation as an outsourcing opportunity comes as another blow to the Bangladeshi garment industry, after the graft it had put in to overhaul the industry in the wake of the Rana Plaza factory collapse in 2013.

Comment

Fri 08 Jul 2016
Harry John Harry John

Banks need to cut costs and Brexit looks likely to help.

Comment

Thu 07 Jul 2016
Tom Beaty Tom Beaty

Organizations across the world tend to suffer from “bad” procurement data. Given the extraordinary investments companies have made in ERP systems and procurement technologies, poor procurement data is stunningly common.

Comment

Wed 29 Jun 2016
Rachel Sharp Rachel Sharp

Procurement is set to be at the forefront of the discussions of the implications of the UK’s decision to quit the European Union but there are a few things the function should be doing right now

 

Comment

Tue 28 Jun 2016
Aaron Mo Aaron Mo

Today, procurement is of more strategic importance to a business than it has ever been. It is at the centre of a global supply chain and from that has developed a function that is filled with people from different backgrounds and different cultures. That brings with it many advantages, but also many challenges, so the question for all CPOs is how they make that diversity benefit them.

 

Argh, Diversity!

Ronald Reagan, the former US president once said that the nine most terrifying words in the English language were "I’m from the government and I’m here to help". Today those words are run a close second by “I’m from human resources and I’m here to organise a diversity workshop”, according to an article in The Economist.

 

Diversity should not be just a push for political correctness. Instead it can and should be used as a tool to help stimulate innovation, and subsequently, provide an organisation with competitive advantages.

 

As, people tend to say, ’no one got fired for buying IBM’ and as so so one is going to get fired for following the example set by them. Back in 1995 the company launched a diversity task-force initiative to expand its international talent pool and gain insight into a range of markets and develop resilience to changing world economy.

 

Yes, Diversity!

A recurring remark in Procurement Leaders’ Guide to Negotiation highlighted the fact that many wanted to recruit new blood into the function, especially those with different employment backgrounds. The need for effective procurement activities requires a team with a blend of operational, financial and marketing skills, emotional intelligence as well as a core knowledge of supply chain and procurement to ensure success.

 

Jenn Clark, senior contract negotiator at BMO Financial Group, comes from a law background and said she believes her training designed to help her simplify and clarify points has been as important as her legal expertise during negotiations. She said that individual skills are important considerations when making-up a negotiation team. Ute Rajathurai, vice president global corporate services procurement at Bayer also comes from a legal background said that "not everybody, can do everything". Instead, Bayer develop individual strengths and build a team of complementary individuals.

... How Can Diversity Work Of Modern Procurement?
Comment

Fri 24 Jun 2016
Jonathan Webb Jonathan Webb

This shock will likely persist for some time. You can let it consume you, your function and your business or you can assess the opportunities it might present.

Comment

Fri 24 Jun 2016
Jonathan Webb Jonathan Webb

The pound has dropped ten percent. The FTSE fell by 500 points. Worse still, the Bank of England has issued a statement to encourage calm. What now for Brexit?

Comment

Thu 23 Jun 2016
Sophie Dyer Sophie Dyer

As Britain goes to the polls to decide on its future relationship with the EU, we look at what procurement should do in order to mitigate any risks that might emerge from a vote to leave.

Comment

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