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Sustainable Procurement: What Procurement Officers Can Learn from 3 Case Studies

On the heels of the historic climate agreement signed in Paris by nearly 200 nations in December, climate change has been increasingly on the minds of procurement executives of Fortune 1000 companies. 721 more words

Procurement

Attention Procurement Executives: The 3 Keys to Building a Winning Internal Strategy

It has become clear that the most effective procurement departments rely not just on their own departmental capabilities and resources but also leverage internal partners to support their work. 357 more words

Procurement

Procurement Managers See Pressure to Reduce Costs Ramping Up

For 2016, companies are expecting to see business uncertainty and risk increase, along with greater struggles to grow revenue.

According to The Hackett Group Global Procurement Advisory Practice Leader Chris Sawchuk, this adds pressure to reduce costs. 171 more words

Procurement

The 3 Relationships Procurement Executives Must Build to Support Cost Reduction Efforts

Managing costs with limited resources poses a particularly vexing challenge to corporate procurement leaders. The more resource-constrained a procurement department, the more likely it is that the overall business may be sensitive to cost. 612 more words

Procurement

Six Key Steps to Sustainable Procurement Success(Part 3)

5. Measuring Supplier Performance
The supplier performance is evaluated on the ability to deliver the right quantity and quality of goods at the right time. However, the transportation and distribution is a complex function that is impacted by a number of factors like stock levels, delivery cycle, and lead time. 193 more words

Procurement

Six Key Steps to Sustainable Procurement Success(Part 2)

3. Driving Change Through Cross-Functional Collaboration
Instituting a purchase council where sourcing agents have the autonomy to take a leadership role can result in fundamental operational changes. 213 more words

Procurement

Six Key Steps to Sustainable Procurement Success(Part 1)

The purchasing function plays a vital role in driving revenue and requires superior capabilities to ensure long-term competency. Companies can rise above competition only when they acquire the required capabilities from the right source at the right pricing. 208 more words

Procurement