With today’s fast evolving corporate world, organizations are expected to adapt to the changing needs of training and improve their learning culture. Everything is evolving: Learners are more demanding, new technologies, new skills, automation, and globalization is expanding our reach. Our ability to adapt to change and how fast we adapt to it often defines […]
Every business could use an occasional boost in their sales. There are several ways in which AI can help you accomplish this. There’s a lot of hard work and time involved in driving sales. You must research potential clients, make pitches to them, and continue to follow up with them before finally making a […]
As one of the largest industries in the world, the retail industry faces considerable challenges to anticipate ever-evolving customer demands. In fact, this USD 600 billion industry is set to nearly double to USD 1 trillion by 2020 and lists Employee Training as one of the top 7 viable areas of investments. Presently retail companies opt for […]
Today, trade war is the highest risk to global growth. Previously, lower tariffs and relaxed trade barriers reinforced global supply chain and caused a major increase in global trade. According to statistics, the average rate of tariffs on imports by World Trade Organization members declined from a little more than 12.74% in 1996 to 8.8% in 2016. Hence, […]
There is no doubt that people are becoming increasingly aware of the impact that Amazon and e-commerce are having on society today. Many of us tend to view this as a phenomenon that’s occurring strictly in retail. Yet, this “Amazon Effect” has a significant impact that reaches all levels of inventory and supply chain management. […]
There are many barriers to success that procurement professionals must overcome, but one of the ones we may not dedicate enough thought to is our compensation packages.
In a recent briefing paper, Peter Smith from Spend Matters UK/Europe looks at how Procurement may develop over the next few years. In particular, he considers the skills and characteristics that the (not-too-distant) future procurement professional is likely to need in our rapidly changing world. He believes that the successful procurement professional of the future […]
Honing procurement skills is a multi-step process that encompasses capabilities for searching, storing, retrieving and sharing information. This amounts to increased productivity as there is an easy access to information as and when you need it. So, how do you ensure that the multi-step process to fine-tune your skills yields only the best results
Risk management is one of the top issues facing procurement professionals today. Geopolitical concerns, natural disasters, and other causes of supply disruption, have procurement teams looking to establish their company’s risk profile. But knowing where to start with such a huge undertaking is a challenge into itself.
The use of technology in education has revolutionized learning. And there are conclusive testimonies that indicate that E-learning is hot. To decide why to choose E-Learning for your training procedures, you don’t have to squint for reasons.
Our guest blogger, Kelly Barner, discusses why getting spend under management is a primary objective of all procurement departments. The eSourcing Wiki defines “Spend Under Management” as: Total Spend Under Management / Total Spend. This is a straightforward calculation. .