4 Mistakes Businesses Make When Training their Employees

Training is key to employee retention, with statistics showing that around 40% of employees who receive inadequate job training leave their companies within one year. Interestingly, a recent survey by McKinsey & Co. found that only 25% of respondents to a 2010 survey felt that training improved employees’ performance. Why are so many companies unhappy with the […]

Share

Best practices to improve Supply Chain productivity

The supply chain is now increasingly viewed as an essential determinant of competitive advantage. Organizations have realized that their supply chain is much more than the cost of getting products into consumers’ hands. Companies have recognized the importance of the supply chain in translating corporate strategy into daily interactions both within and beyond the organization. […]

Share

7 key competencies needed to be a successful Project Manager

Project management requires efforts and it is certainly not an easy job. It involves several steps; from the initiation, planning, executing, and controlling to the closing of a project. The most challenging part is that the project is delegated to a team with specific goals to achieve over a defined timeline for a determined budget. […]

Share

How to get the most from your training budget using technology?

Technology and talent are on top of the priority list for CPOs. According to the Deloitte Global Chief Procurement Officer Survey 2017, 75% of respondents report that procurement’s role in delivering digital strategy will increase in the future, and nearly nine in 10 believe that talent is the single greatest factor in driving procurement performance. […]

Share

Building Business Value with a Digital Supply Chain

Supply chain focuses on the movement of materials, finished goods, capital, and other assets from place to place, as well as the production of finished goods. All these were previously executed discretely to finally reach the hands of customer. Nowadays, digitization has proved to be a game changer in bringing transparency in supply chain functions; […]

Share

Optimizing the procurement process to boost efficiency

The role of procurement extends far beyond the belief that procurement’s primary function is to obtain goods and services in response to internal needs. A world-class procurement process aims to optimize the whole process to create significant business value. Procurement optimization leads to a number of benefits and add remarkable value to your organization as a […]

Share

Ethics in Procurement: What are you doing to keep procurement ethical?

Ethics play a major role in procurement and are considered more important as technology and consumer behavior change. Being ethical means being in accordance with the rules or standards for right conduct or practice, especially the standards of a profession. For instance: procurement is involved in supplier selection, evaluation, negotiation, contracts sign off and awarding […]

Share

Supply Chain trends to watch in 2018

As 2018 approaches, companies are expected to restructure their business model. It is not just about improving the customer experience, but also enhancing customer expectations to redefine brand positioning. With technological innovation, customers and markets are shifting. Digitization and transparency has led to new trends in the supply chain industry. It is essential for businesses to […]

Share

Top Competencies needed by today’s procurement professionals

The Deloitte Global CPO Survey 2016 revealed that some of the main concerns from leaders in the procurement industry were increasing risk levels and a general shortage of skills. Procurement professionals work with suppliers and distributors regularly and therefore need to be able to possess confidence and an awareness of how the industry operates. Besides, the need for staff […]

Share