Managing talent was a hot topic among supply managers attending ISM2014--even on the show floor! At the BravoSolution booth, Mickey North Rizza shared some valuable tips for procurement that could help generate revenue for the business.
Digitization is redefining the boundaries and expectations for procurement. We see it every day in the growing use of digital technologies to generate revenue, improve partnerships, and
Procurement and logistics functions are melding. Today, many procurement professionals are equal parts buyer and logistics specialist, and have had to develop skills in both arenas.
There is no substitute for deep category knowledge in creating powerful and appropriate category strategies. I have always thought that the most effective organizations had a good balance of pure procurement talent and subject matter experts, who can be trained in our methodology and negotiation skills.