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Procurement Transformation Institute
Procurement Value Delivered
Issue 95, 22nd Jan 2019
This Week's Highlight:

The National Procurement Summit is being held on 29-30 JANUARY 2020 in the Citywest Hotel, Dublin

This gathering of over 1000 procurement directors, sourcing directors, senior management and supply chain directors is the ultimate procurement and supply chain conference and exhibition in Ireland.

This is a sourcing exhibition and conference where you meet sourcing, procurement, purchasing and buying professionals from both government and the private sector. The exhibition will offer you easy access to procurement professionals ensuring that you can learn more about their requirements and meet their needs.


29th -30th January 2020-Citywest Dublin:
 

Find out more Here

Procurement Picks

People:

2020 Predicaments in Supplier Management: Top 3 Problems in SXM.


Despite all the talk about data being the “new oil” over the last couple of years, the fact remains that most organizations have no real strategy when it comes to managing supplier data. Supplier data exists in silos in ERP solutions, in AP solutions and in a number of different procurement solutions, and there is often a lack of understanding in the procurement (and finance) organizations about what supplier master data management (MDM) means and why it is important.

Even the IT department may misunderstand the area by viewing it merely as a technical data integration problem rather than a larger business problem.

Click Here to Find Out More
Technology:
Is technical debt always bad?

Technical debt refers to the cost of delivering software or services which will require rework due to known or unknown factors
.Often it is caused by choosing an easy or quick solution due to time pressures, lack of ability, negligence or a legacy system so old or complex that no one is confident in making changes to.
Not all technical debt is bad, and managing it well can yield tremendous benefits for your company but you have to be wise about incurring tech debt. Accumulated debt can eventually impact on your release speeds, frustrate the business and demoralise the development team.

 
Want to Find Out More?
Knowledge:
Partnering with the specialists for fully automated services spend management.

The procurement of services is a growing and important sector and is now one of the largest “master spend categories” for an organisation. But procurement processes, having traditionally focused on products, have not always kept up with or adapted to this trend. Buying professional services is a different beast from that of buying goods and materials.
The successful purchase of physical goods relies on tangible outcomes, like on-time-delivery, quality, quantity, best cost, and so on, and often the supplier/buyer relationship finishes once the contract is met. Buying services, by contrast, is not tangible.

Discover More Information Here

Connect With Us!
 
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Process.

3 retail supply chain fails of 2019 and how to avoid them in 2020

Faulty technology integrations created a few multi-million dollar supply chain disasters in 2019.
If an operational blunder rises to the level that investors hear about it straight from the CEO — that's bad. If the media holds it up as a cautionary tale, something has gone terribly wrong.

In 2019 there were a handful of such operational catastrophes and they demonstrate pitfalls that experts told Supply Chain Dive are easy to fall into, but also fairly easy to dodge with the right systems, checks, KPIs and talent in place.

Clink on the Link below to see examples of the biggest operational problems that affected retailers' reputations and bottom lines, and tips on how to avoid them in the future.
Click Here for More Information

SUSTAINABILITY:

Creating A Green Supply Chain
:

The momentum for a strong corporate sustainability strategy is present and growing. Shareholders, corporate boards, and employees are demanding ambitious and management-endorsed sustainability strategies. These strategies are not bound to an organisation – they also cover the supply chain, alleviating unpredictability between suppliers and buyers. 
Supply chain management is complex due to the large number of players, the lack of available data (transparency), and that companies can only indirectly influence decisions made by suppliers and the resulting effects.

 

 

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Procurement Transformation Institute
Western Gateway Building, UCC,
Cork, Ireland
info@procureti.com
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www.procureti.com
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Procurement Transformation Institute · Western Gateway Building · UCC · Cork City, Cork 0000 · Ireland

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