Shipping bottlenecks. Labor and product shortages. Resource availability. There are major supply chain issues knocking on procurement’s door causing professionals to pivot and adapt to the current market. You’re probably having issues getting the materials you need, finding talent, and struggling with freight and logistics because of these ongoing challenges.
The procurement industry has been challenged with some of the toughest situations over the last two years. During this time, the role of procurement leaders has become even more critical to organizations, and their executive team recognizes their high value. As a purchasing, sourcing and supply chain professional, you’re in the best position to help your company strategically succeed.
We’re entering the coldest time of the year where snow and ice can do serious damage to your facility’s roof if not properly tracked and addressed. Roof damage can cause major issues for your business operations, and procurement has an opportunity to provide their stakeholders with the necessary preventative tools.
Inflation is at an almost 40 year high. You’ve seen reports on the news and social media, it’s the biggest inflation surge since 1982. We’re all paying more for essentials— groceries, gas for your car, natural gas for your home— and Federal Reserve Chairman Jerome Powell just warned Congress that he doesn’t expect inflation to cool down anytime soon.
Sustainability is central to corporate competitiveness, and we’re seeing sustainable businesses elevated as more strategic in the marketplace. Right now, you may integrating a more holistic view of your company’s environmental and social impact into your procurement strategy. Industry experts reveal that advanced sustainable procurement programs help lower costs, increase sales, establish higher levels of innovation and reduce supply chain risk.
On the third Thursday in November each year, we take joy in pausing from day-to-day business to spend time and be thankful with family and friends.
Q4 also marks a very important time of year for highly-regulated finance and insurance-related companies as they manage the arduous task of closing the books and archiving records while dealing with a staff more focused on the holidays.
CPOs, procurement and supply chain professionals are facing higher expectations, increased role responsibilities, all while striving to remain agile and innovative. Your board of directors and CEO are likely looking ahead toward a more sustainable future in 2022, specifically the long-term environmental and social impact of your organization. Has the need for a strengthened sustainable procurement plan been emphasized to you?
Is your business struggling with long lead times? You’re not alone.
Operations across every sector are facing unheard of lead times for material handling equipment. That’s due to several reasons, but the short version is that the global pandemic has disrupted supply chains and extended manufacturing and delivery times for critical warehouse equipment.
Did you know 75% of the workforce now expects their employer to position itself on social and cultural issues? According to a recent study, this is true even if the stance is unrelated to the business itself. As time goes on, more and more progressive companies create a space for conversations and policies regarding diversity, equity, and inclusion.