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.
Alex Behrens, Spend Matters, 6/24/2019
With hurricane season approaching, DHL has leveraged its Resilience360 solution to advise both North American and Asian organizations how to devise a response. Both regions, DHL reports, can expect a series of storms over the next several months. They encourage businesses to take preemptive measures to identify alternate sources of supply and secure their inventory levels. More tech-enabled firms should also identify opportunities to leverage mapping technologies.
The Real Cost of Employee Turnover
Simon Cartright, Future of Sourcing, 6/20/2019
Voluntary staff turnover is often deadly and always preventable. A recent Gallup poll found that a whopping 52% of resignations are avoidable. These departing employees cost organizations far more than money. Cartright encourages organizations to invest more time and resources into their exit processes. A positive experience will make employees more likely to recommend an organization and it will provide insights into employee challenges and pain points.
The digital skills gap is still a huge obstacle for Procurement groups. A new Hackett report finds that Procurement will need to re-skill or up-kill more than half of its workforce by 2022. Their findings suggest the function is ill-equipped to carry out this process. Though talent is named a priority, few organizations have dedicated themselves to nurturing digital skills.