It’s actually sitting right under our nose . . . . . . but we manage to snub our nose at this function time and time again. It’s Purchasing – not Strategic Sourcing, not Category Management, not Global Sourcing, not the forever –exalted Supply Chain (and it’s ever changing scope /definition) but simply Purchasing! And I say Purchasing with all the professional respect this group deserves BUT seldom receives.

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…You don’t have a snowball’s chance in &^$$ of getting the right answers. I cannot tell you how many times I’ve had this discussion with CEOs and other senior executives. Or, as my friend Pete often says – “The most common source of mistakes in management decisions is the emphasis on finding the right answer, rather than the right question”. Or, as my other buddy Al says – “The formulation of a problem is far more essential than its solution, which may be merely a matter of mathematical or experimental skill”. Those would be Peter Drucker and Albert Einstein.

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With annual IT spending topping two trillion dollars globally, it makes sense for organizations to assess whether they are receiving the value from these investments. Unfortunately, the answer often appears to be no. Why is this?

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The sponsor of change is a senior officer, one who holds the organizational power to legitimize the change. This person knows when the time has come for change and has the confidence and strength to do something about it. The sponsor goes forth and leads—overcoming obstacles, finding truth, and sharing knowledge. Significant organizational change will not occur unless those who legitimize or mandate the change demonstrate FULL commitment to the task.

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