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.
Unsurprisingly, technology is quickly shaping the future of procurement. But, with a wide variety and deep selection of new technology, businesses will need to be strategic in choosing the right applications for their supply chain. Magnus Bergfors provides us five tips for investing in procurement technology.
How Relating is More Powerful than Competing Amanda Prochaska, Future of Sourcing, 11/30/2019 Rather than encouraging a combative mindset, the procurement function is moving in a relationship-focused direction. It’s time to start viewing suppliers as collaborators rather than an entity to compete with. Amanda Prochaska suggests that procurement teams ditch the competitive edge and start communicating productively with one another.