Outsourcing is an excellent way for organizations to optimize their operations, reduce costs, and focus on their core competencies. However, it can also come with a range of risks that organizations need to be aware of. Let’s talk about risk.
[Read more…] about The Risks of Outsourcing
In our globalized and hyperconnected economy, the success and resilience of one organization are intertwined with those of many others. The interconnectedness of modern organizations has created a business ecosystem where the relationships between entities have become crucial determinants of their individual success.
[Read more…] about Business Ecosystems: Understanding The Interdependence
The procurement function has undergone a significant transformation in recent years. With the increasing complexity of global supply chains and heightened compliance requirements, the traditional focus on vendor management is becoming less relevant. Instead, organizations are gradually shifting towards a more comprehensive approach centered on contract management. This article will explore the reasons behind this shift and its implications for the procurement landscape.
[Read more…] about The Evolution of Procurement: Why Vendor Management is Becoming Obsolete and Shifting Towards Contract Management
A few days ago Peter Streefkerk asked me something about the state of mind in purchasing professionals. It got me thinking.
First I had to think about the classical dilemma where staff departments assume authority over the business. I still see that happening a lot. So here it goes.
In today’s competitive market, businesses must adapt to remain successful. One key aspect of this lies in recognizing the importance of placing business at the forefront, rather than focusing solely on staff departments. Here’s why:
[Read more…] about Leading from the Front: The Virtues of Business in the Lead, Not Staff Departments
In today’s rapidly changing business environment, innovation remains a critical driving force for growth and competitive advantage. The CATS CM® (CATS –Contract Administration and Tracking Scenarios) contract management methodology can provide a solid framework to support innovation in your organization. Here are the essentials of CATS CM® that foster a strong foundation for innovation:
[Read more…] about Unleashing the Power of Innovation with CATS CM Contract Management MethodologyThis website uses cookies to ensure you get the best experience on our website. More information
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