Browsing: Next Practices

We have always felt that the goal of any sourcing process MUST be to select the best supplier possible and develop a relationship that will drive mutual value creation – it’s not to find the cheapest supplier. Unfortunately, most sourcing processes and related technologies absolutely reverse the priorities.

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At a recent planning call with some of the members of the Next Practices Xchange for their upcoming conference, I was asked to come up with the list of concerns that leaders in the community (Procurement, Strategic Sourcing, Supply Chain, etc. etc.) had. This was to identify the major risks that are facing the community so that a relevant agenda could be developed. I pushed back at the members and got them to acknowledge that we would be talking about only those issues that they knew about or had identified. What about all those that they had not?

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The “Millennials” or often referred to as “Generation Next” are not only coming, they are already here. With this new generation 80 million strong (born between 1980 and 1995) and rapidly taking over from the baby boomers who are now pushing 60, we are being forced to look at talent management in a completely new way. We must take a Next Practice approach to managing “Generation Next” or lose the war for talent altogether. 60 Minutes’ MorIey Safer did a report a few years ago entitled “The Millennials are Coming”

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Our series on Competency Based Talent Management continues with our latest post covering Career Management. Typically seen as the responsibility of the individual, Anne contends that it also must be driven by the organization or you risk losing your best employees. Read on to learn if you have a Career Management void.

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More great insights from Sourcing Innovation as they continue to cover TMG’s latest Next Practices Xchange (NPX). Read on and see how talent can transform your organization.

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