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This business-process mapping technique, designed specifically for procurement, can help you identify which relational and economic sourcing models are right for your company.
Some corporations have been questioning the importance of minority-owned businesses to their commercial relationships and supply chains. Yet, the author explains in this essay, it's become increasingly clear that diversity and inclusion fuel growth for businesses as well as for the economy at large.
Supply chain management across the United Kingdom's health-care sector is evolving in response to a growing need for greater efficiency, lower costs, and enhanced patient safety. Better inventory management holds the key to achieving those objectives.
By embracing technology and focusing on internal customers, world-class procurement organizations are able to reduce their operating costs and headcount, says a Hackett Group study.
An ethical lapse can harm not just a company's reputation but also its bottom line. Chief procurement officers need to make sure they have an ethics policy in place that is up-to-date and well communicated.
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