Procurement needs to be the champion of change if the adoption of supplier diversity will ever surpass the status quo. If you are committed to diversity, you can make a difference.
Supplier diversity is not just a business decision, it’s a human decision.
Procurement is a function that has long been at cross-roads; dare to transform within people, process & technology, or keep doing what has always worked just fine.
Look to your left, and now your right, and maybe even in the mirror. You can likely spot the MVPs in your procurement organization.
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’.
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).
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.
Who is your best supplier? If you don’t know, chances are you need a new framework for supplier performance evaluation.
Will COVID19 create a Death of Global Supply Chains and a rebirth of Local Supply Chains? Or, have we just begun ‘Going Global’?
What if supplier evaluations were as simple as looking up a restaurant on Yelp? This is why we rate!
Procurement practitioners are challenging ProcureTech vendors to solve complex problems with easy-to-use, easy-on-the-eye, solutions.
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.
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.
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.
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.
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!
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…
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!
Instigating the mapping/implementation of a digital procurement ecosystem requires a definition of the elements in the process you’d like to digitalize.
Responsible Sourcing is a business-critical activity, in which participating actors are equally accountable for the ethical, social, environmental and financial impact during the trading of goods or services. This means your entire value chain needs to be committed to the cause.
The flywheel then serves as a model to be mirrored in the everyday operations of an organization or team. With persistence and will, continuing to push forward a flywheel, that works, ultimately results in catapulting an organization or function towards greatness, and an utterly unstoppable forward momentum.
Not everyone in the organization always knows what we’re talking about because sometimes we don’t even know what we’re about. So, this is a wake-up call to those of us who have been floating around on clouds of jargon.
Supplier Risk Management and Performance Management are the building blocks to long-term, and fruitful, supplier relationships. Find out 30+ parameters to conquer your risk and performance of management of suppliers.
How is it possible, that a function serving as one of the greatest creators of sustainability and quality management in the line, cost-based savings, and allocators of the majority of direct spend, can be devalued to solely a supporting role in the value chain?
Procurement is a function, activity, and role that is increasingly business critical to an organization’s overall value chain. In fact, many organizations are beginning to view procurement as a primary activity to increase top-line value and marginal growth.
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.
As to how procurement will add value in an organization lies within defining a scope for the role of a procurement strategy: Long-Term or Short-Term? Strategic or Reactive? Savings-focused or Profit-focused?