The future is always uncertain — but what really counts is figuring out just how uncertain it is. Put another way, what matters most is accurately assessing all possible risks coming at you from all angles.Continue Reading
Procurement departments are misunderstood.
Effective procurement depends on planning, design, execution, and control over the million moving parts in the supply chain. Not to mention risk mitigation, in-depth market knowledge, and striking the perfect balance of power with suppliers. Continue Reading
Construction companies deal with a long list of suppliers, from subcontractors to wholesalers. Procurement may recognize the critical role of suppliers, yet there’s no strategy in place. Continue Reading
Procurement isn’t all about purchasing and warehouse details — it’s part of an organization-wide strategy to cut back on spending and maximize profits. Still, many organizations find themselves coming up short.