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.
Digitizing your files gives you easier access to the information currently locked inside. Everyone can benefit from increased productivity by decreasing the time you spend hunting for information. Essentially, digitizing can help you reclaim precious lost hours of the day.
Are your CEO and sustainability managers applying the pressure to incorporate more sustainability efforts into your procurement decisions? Then you've likely discussed with stakeholders that sustainable supply chains and ethical sourcing are seen as competitive priorities and responsibilities. This means there's an added responsibility for you, the procurement and/or sourcing expert, to achieve those green goals even if you don’t have the extra time or resources.
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.
