Preparing a spend analysis, doing supply market research, determining your sourcing strategy, developing / executing a negotiation strategy, writing a contract, putting a new supplier place – these are the basic steps associated with Strategic Sourcing. These steps can be found in any standard sourcing process whether it…
Decision Making is a key strategic competency that all professionals should have. Unfortunately, it is not often identified as such and very little training is provided. It is often assumed that by the time you get to a certain level, you are a good decision maker. But there…
The Strategic Sourcing process that we all know and love today was actually started in the early 1990’s in the auto industry. The inefficiencies in the buying processes including lack of standardization, too many suppliers, too much inventory, etc. led to numerous changes that resulted in the way…
On any given day I can be on either side of that coin. Before COVID, when most of us were going to the office, we usually started our day by greeting our co-workers and engaging in some type of small talk. What we talked about was not important…
Everyone is asking the same question. Are we going back to the office? If so, when? And if so, will we go back five days a week? We all shifted rapidly and quite unexpectedly to remote work last March and muddled through to make it all work. Now,…
