ICYMIM: October 15, 2018

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 news.

Dennis Bouley, My Purchasing Center, 10/12/18
According to the U.S. Department of Labor, job openings are at an all-time high. Though this reflects low unemployment numbers, it means that hiring managers across Procurement have their work cut out for them. As organizations compete to stand out, they must also contend with the growing contingent workforce. Bouley advises organizations to give serious thought to bringing in outside help. Even if your organization has never considered working with a consultant before, the unique talent situation presents an effective business case for making such investments. 

Michael Lamoureux, Sourcing Innovation, 10/11/18
Procurement was given a death sentence years ago. Somehow, it still survives. Unfortunately, Lamoureux suggests, the function is less a Phoenix rising from the ashes than a zombie trudging through a monotonous existence. "Day by day," he writes, "we're going through the same old motions, using the same old processes, dealing with the same issues, on the same old platforms." He then digs into why this situation persists. Though Lamoureux leaves his answer up in the air - the series will continue throughout the week - he suggests Procurement get started by insisting its vendors get better. Mandatory platform improvement clauses will get vendors on the hook and ensure they invest in continual improvement. 

Want to Know Your Industry's Risks? CSR Index from EcoVadis Takes Deep Look
JP Morris, Spend Matters, 10/15/18
More than ever, Corporate Social Responsibility is driving initiatives and dictating corporate strategies. Issues ranging from pollution to forced labor play a roll in each component of Supply Chain Management. In its new Global CSR Risk and Performance Index, EcoVadis assesses more than 30,000 organizations and their approach to responsibility. The index suggests that smaller organizations are more likely to deliver on their CSR goals than larger companies. What's more, EcoVadis found that no organizations scored above 90 on their 100-point scale. This means that none have developed an "outstanding" approach to measuring and reporting on their CSR efforts. 

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