In today’s supply management world, change is constant, and the challenges you’re facing can be opportunities for change. This issue explores topics that could be agents for change, including the upcoming U.S. presidential election, which could be considered the “supply chain election,” as well as the potential for a procurement renaissance.
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Cybersecurity isn’t just an information technology (IT), procurement or compliance issue. It spans virtually every department. However, as the first line of defense when evaluating and onboarding new suppliers and third parties, procurement’s role in cyber-risk mitigation has been elevated.
A major driver in technology adoption is process improvement, a result of which is process acceleration. This acceleration means reduced downtime, due-diligence downtime and other efficiencies and improvement. However, organizations can overlook the compliance aspect of these improvements.
The coronavirus (COVID-19) pandemic has far-reaching supply chain impacts, including how people are expected to shop this holiday season. With wariness of in-store shopping cited by more than half of respondents of the annual retail survey by London-based professional services network Deloitte, online shopping is expected to reign supreme.
The drone industry, particularly within the U.S., remains largely limited to testing and pilot programs, and there are impediments to quick development of widespread use of the technology for commercial delivery.
Supplier relationship management has been put to task during the coronavirus (COVID-19) pandemic. But organizations that have simply been taking transactional arm’s-length approaches to their suppliers are not only “degrading” those suppliers but impacting their own success.
Sue Spence, MBA, vice president, sourcing, procurement and disbursements at FedEx Corporation, had a virtual “fireside chat” with ISM CEO Thomas W. Derry that procurement professionals could find illuminating and inspiring.
The coronavirus (COVID-19) pandemic has only emphasized how instrumental good leaders are in moving their organizations forward in the face of disruption. And pandemic or not, companies always have a need for good leaders
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