Source One's series for keeping up with the most recent highlights in procurement, strategic sourcing, and supply chain news week-to-week. Check in with us every Monday to stay up to date with the latest supply management articles.
Nick Heinzmann, Spend Matters, 9/28/2017
Geopolitical instability and rapid technological advancements mean the world is at its most uncertain and volatile point in decades. Procurement groups who fail to plan for the unexpected, create disaster protocols, and thoroughly assess long-term risk factors could find themselves the victims of this "existential moment." Now is the time for procurement professionals to enforce big picture thinking and ongoing due diligence across their entire organizations.
Michael Lamoureaux AKA The Sourcing Doctor, Sourcing Innovation, 9/29/2017
In Part 7 of his ongoing, epic series, The Doctor continues to examine the covertly tactical nature of many steps in the strategic sourcing process. This time he focuses on the strategy selection stage of the sourcing process. Though this ought to be the most strategic step in the process, many professionals still waste time on tactical data collection. Lacking the proper market and category intelligence, many waste days or weeks collecting information that the appropriate technology could provide instantly. Though a sourcing tool cannot technically identify the right supplier, it should certainly be able to point out the wrong ones.
Andrew Karpie, Spend Matters, 9/26/2017
Companies looking to increase their global footprint and enter new markets are increasingly taking advantage of a growing contingent workforce. Karpie discusses the unique benefits and challenges of this type of labor with CXC Global's John Smith. Smith points to data protection as an increasingly crucial - and often overlooked - issue. The enforcement of data protection policies can vary across the world. Organizations must take special care to establish firewalls and monitor how their employees store and transport data. Those who remain conscious of laws, restrictions, and barriers should find the benefits of global contingent labor can far outweigh the drawbacks.