What is Crowdsourcing? For those of us who operate in the world of sourcing and supply chain, it sounds familiar but may not have anything to do with sourcing or supply chain at all. If you’re not familiar with the term, it is, as defined in Wikipedia, “the act of outsourcing tasks, traditionally performed by an employee or contractor, to an undefined, large group of people or community (a “crowd”), through an open call.”
This was a gathering of various Presidents of the ISM and NAPM regional chapters and they were gathered together in that capacity. They were trying to figure out how to become more relevant for their regional markets and their customer was the entire Procurement, Sourcing and Supply Chain community of that region. I decided to give them a perspective of their market based on a lot of the research that we have done and provided them with the proverbial Top Ten list (in no particular order).
What might the events in the Middle East mean to you and your business? Where will the revolutionary spirit end? Is this a Major Opportunity or Major Threat to your…