Overstretched and keeping up with numerous demands at your organization.
Managing a complex spend cube full of several challenging categories.
Satisfying the requests of stakeholders on the front line and in the c-suite.
Procurement teams are impressive in what they successfully handle with all they oversee. Here’s the thing though, meeting your budget goals doesn’t have to be so challenging or exhausting when you have a group purchasing organization (GPO) as part of your strategy.
Today’s procurement professionals face challenges – from negotiating contracts to sourcing quality products and reducing costs. In today’s atmosphere of tight budgets and competitive vendors, it’s tough to keep up. Since the onset of the COVID-19 pandemic, there has been a paper capacity shift, impacting price and the availability of paper, according to Kevin Koertje, North American Sales Leader at Boise Paper.
Managing inventory levels of all types of products, industrial spares, components, tools and consumables is complex, time-consuming and expensive. There are often thousands of items to manage across multiple locations. Every item takes up space, uses energy and resources and contributes to an administrative headache.
The following finding from a recent DHL Express survey speaks volumes about the lingering effects of the pandemic on small and medium-sized businesses:
Global supply chains are still feeling the effects of countries and economies shutting down during the height of COVID-19. Over half of respondents said supply chain delays have been their biggest business challenge so far in 2021.
Securing reliable and on-time trucks to pick up your organization’s freight is a difficult task as the market faces increasing challenges of dwindling transportation capacity and skyrocketing shipping costs. Freight carriers continue to bump up their rates and report capacity constraints across all modes of transportation.
Delivery trucks often wait hours for a load. Some backlogs remain so severe that warehouses are forced to store rows of containers in parking lots. It’s not uncommon for shipping containers to sit for days at our largest U.S. ports.
Most organizations throughout the world are experiencing some type of skills shortage. In the US, some 83 percent of businesses are struggling to find workers with the right skillsets, according to the Society for Human Resource Management. Companies that can’t find the skills they need will continue to be at a disadvantage in the marketplace.
Being innovative is critical as procurement and supply chain industries are constantly evolving. Now you may be taking a closer look at how successful you’ve been at pivoting when needed, while remaining constant and stable as the marketplace changes.
To Whom it May Concern:
Please accept this letter as notice of my resignation effective immediately. I will be moving on to a modern work environment, with remote options and the right technology to support me...
Words that strike fear in the heart of every hiring manager. It is an expensive problem.
