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Look to your left, and now your right, and maybe even in the mirror. You can likely spot the MVPs in your procurement organization.
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It’s a natural emotion to desire a favorable outcome within negotiations. But, there are two sides to every negotiation table. This means that your feeling of ‘winning’ a negotiation shouldn’t come at the expense of another’s ‘loss’.
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Global Trade has grown to a value of 25.3 Trillion USD, reported in 2018 (wto.org 2019). At the same time, the global availability of information & data has grown at 4x the speed of global trade (hbr.org 2019).
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The ProcureTech domain offers various solutions for purchasing automation, maintenance of supplier data, risk management, supply chain visibility, spend analysis, supply management, and many other benefits, which have become increasingly important in today’s business landscape, and could subsequently support an expansion of the market during the coming years.
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Who is your best supplier? If you don’t know, chances are you need a new framework for supplier performance evaluation.
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Will COVID19 create a Death of Global Supply Chains and a rebirth of Local Supply Chains? Or, have we just begun ‘Going Global’?
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What if supplier evaluations were as simple as looking up a restaurant on Yelp? This is why we rate!
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Procurement practitioners are challenging ProcureTech vendors to solve complex problems with easy-to-use, easy-on-the-eye, solutions.
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All that media coverage you’ve been so proud of… That’s the exact same coverage that’s going to be your downfall. The team at Kodiak Rating – alongside partners like Meltwater/Fairhair.ai – are committed to ensuring a future filled with identifying & managing supply chain risks, before they become an issue.
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As digitalization continues in various business disciplines, organizations are on a conveyer belt of change, alongside a smorgasbord of new technology & solutions to try and digest.
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To help those survivalists out there who might feel a bit lost at the moment, Kodiak Rating has prepared a list of a few things you can’t leave the house without, or without knowing, before braving the journey into the galaxy of digital transformation.
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Procurement teams are combating complexity in multiple dimensions, one of which is a digital complexity; figuring out how in the world they’re going to leverage data, digital platforms, and emerging technologies to become more intelligent – more data-driven – in their strategies and operations.
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About a month’s time has passed since Kodiak Rating had the opportunity to attend DPW 2019 as one of the 20 digital procurement growth ventures selected to participate in the RiSE program. These are our 9 Big Takeaways!
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Digitalization in procurement has taken a lot longer than in other industries. But, why? What is it about procurement organizations that makes them so reluctant to change? Sometimes, waiting for the perfect solution, or the next best thing can leave you lightyears behind…
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Whoever said that business needs to be a carnivorous affair? We don’t need to be chewing up our suppliers and spitting them out like fishbones!
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I’m one and a half weeks deep into 2019 and I ate half a bag of potato chips last night as I simultaneously began to lose interest in ‘book #1’ of my 2019 reading list.
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Sometimes we forget that organizations require the harmonization of a lot of moving parts, and it’s seldom that the people that fill those roles receive the individualized recognition that is deserved for their work within a company.
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IWAY, the ‘Ikea way of purchasing’, Ikea’s code of conduct (CoC) for suppliers was introduced to ensure that the drastic changes the organization was experiencing wouldn’t jeopardize key supplier relationships.
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This is an age of technological independence, and API-driven innovation, breeding procurement technologies that are more agile, scalable, integrate-able and more customizable than ever before. This is the age of smarter solutions. This is the age of User-Enabled Procurement
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Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”
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Procurement is a complex business function, nuanced from organization to organization, and unconsciously tied to many facets of a company’s corporate structure. Revenue, cost, and production are direct results from procurement actions.
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Strategic Sourcing is a procurement strategy for value creation within purchasing processes, focused on building mutually beneficial results for all parties involved.
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Distinguishing a brand, strategy, product, or even a website is nearly impossible in this world, oversaturated with sameness. Campaigns and initiatives rise to the surface on a daily basis, taking over the headlines for a week, just to sink to the bottom of the ocean again.
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Still, today, supply chain transparency holds a prominent position in concerns for consumer and business, alike. Transparency has become an organizational effort in business, as it can impact various aspects of a value chain, if neglected; not solely supply chain management.
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The days of glacial traditional on-premise software models, and their implementation teams, are long past due. SaaS offers customers capabilities that are unmatched by the likes of traditional software.
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Procurement is amongst some of the most rapidly changing business areas, and maybe for the better. Only time will tell if the coming digital transformation of various business areas, just like procurement, will make for positive outcomes. But, in the meantime, there is still a large population of procurement professionals, strapping up their boots every morning, and doing their darndest.