As people return to the office, there is much talk about what the future of work will look like. Employees may feel apprehensive - they want to experience interaction with others, but they also want to feel comfortable and safe.
It isn’t uncommon for procurement to have to purchase for several different departments within an organization. It’s hard to be an expert in all of the different product and service offerings available and also fully understand what your stakeholders need to be successful.
Although car rental is a mature category, industry changes affecting rates, fees and technology cause procurement and travel to review their contracts every few years. The category is ripe with opportunities for increased cost savings and employee satisfaction, but there can be resistance to change. Employees get comfortable using the same provider and travel managers fall victim to the belief that all suppliers offer the same benefits.
Choosing the right purchasing structure for your organization isn’t an easy, quick decision. It's important to look at all of your options and weigh the pros and cons. You may even find that a combination of two types is best suited for you and your organization.
While a few lucky businesses haven’t been affected by labor shortages, most have been hit hard. Skilled labor has become more difficult to find and the “Great Resignation” means that employees are job-hopping to make a dollar or two more an hour. In the past, many companies have ramped up material handling by hiring more people—and, increasingly, that’s not an option.
So how can your facility keep up with the "Amazon effect" -- or pressure to compete with an Industry Goliath -- with limited resources and a smaller budget?
Modern procurement teams care about more than just cost savings. While finding opportunities for more efficient spending is critical, increasing procurement influence and becoming a strategic partner to the business are also top priorities. With this modern way of thinking, it is essential to take a more strategic approach and consider factors beyond price when making purchasing decisions.
Corporate travel has picked back up after a hiatus due to the pandemic. You might be wondering what this means for your organization or working to define current travel needs. Travel managers and procurement are in the perfect spot to work together to re-strategize and save time and money.
Procurement leaders are often expected to be experts at every category. There’s pressure to manage your company's complex spend cube, reduce risk and cut down on cost all with limited resources. While organizations are looking to increase savings, improve efficiencies in their supply chain and manage supplier risk, a group purchasing organization (GPO) can guide the processes to accomplish all of these goals and more.
Procurement teams are face to face with supply chain disruptions, often serving as the liaison providing product updates to end users. As you've heard and experienced, the global semiconductor chip shortage has impacted major components of everyday life and business, affecting vehicles, laptops, phones, credit cards, home appliances and other products that need a computer chip to operate. Not only a key part of electronic devices, these chips also power the factories where those devices are made. Without enough of them, companies have been forced to stall production, and when you combine high demand with limited supply, you’re paying more for those products.