Today is International Women’s Day, and the United Nations has selected “Women in the Changing World of Work: Planet 50-5o by 2030” as this year’s theme. The idea, as you can probably tell, is to push towards a 50/50 balance in men and women’s economic empowerment. Procurement and supply chain remain a male-dominated profession. So in honor of International Women’s Day, I asked women holding mid-level to senior roles in this field for a few pieces of career advice for their fellow female procurement professionals. Here's what they had to say.
For those of you who missed it, last week Spend Matters Founder Jason Busch presented a webinar live from the U.K., with Spend Matter UK/Europe Managing Director Peter Smith some 50 feet away, doing another webinar live. “It’s the first time we’ve had two analysts in the same building doing a webinar at the same time,” Busch said. Busch’s webinar, Sourcing, Contract and Supplier Management: Predictions and 2017 Tech Trends, looked at four areas within the strategic procurement technologies landscape — spend/supply analytics, strategic sourcing (e-sourcing), supplier management and contract management.
Gig workers are overall pretty happy with their form of work, according to new research. Intuit and Emergent Research recently released findings from their two-year study of 6,247 on-demand workers, which looked at their reasons for pursuing gig work and their level of satisfaction. I interviewed Steve King, a partner at Emergent Research, to get more insight into the research findings.
In 2015, in partnership with Emergent Research, Intuit began conducting research into the on-demand or gig economy in the United States. “Our original research goal was to provide concrete data on who was working in the on-demand economy and their motivations, attitudes and demographics,” said Steve King, a partner at Emergent Research. The results of the two-year study are available in a presentation titled Dispatches from the New Economy: The On-Demand Workforce. A more formal report with additional data that dive deeper into key findings will be released in March. In the meantime, we thought it relevant to cover these key findings.
There are several customer and technology trends to look at for strategic sourcing, not to mention spend/supply analytics, supplier management and contract management. These and other topics are just samples of what Spend Matters Founder Jason Busch will be discussing on today’s webinar, Sourcing, Contract and Supplier Management: Predictions and 2017 Tech Trends, at 1 p.m. CST. If you want to stay on top of all the latest technological advancements and make the smartest investments for procurement analytics, sourcing, contracting or supplier management efficiencies, this is a webinar not to miss.
The Hackett Group and Ivalua presented a webinar this month on this year’s key procurement issues, and digital transformation stood out perhaps most of all. What does digital transformation really involve, and how can procurement get on board? The presenters explained that there are four main areas to look at, with the overarching one being improving the stakeholder experience.
On Wednesday, Spend Matters Founder Jason Busch and Research Director of Services and Labor Procurement Andrew Karpie co-presented on a webinar, Contingent Workforce and Services (CW/S) Procurement: 2017 Tech Trends and Their Impact on You. In case you missed it (though you can still watch a recording of the webinar on demand), here are some of the biggest takeaways from Wednesday’s webinar.
In case you missed Part 1, which covered millennials’ self-described strengths, the insights in these posts came from Q&As with a number of the 2014 ISM/ThomasNet “30 Under 30” winners, who are at the older end of the “millennial” generation that usually includes 15- to 35-year-olds. As far as weaknesses go, these millennial professionals agreed with some of the oft-repeated beliefs — that millennials are lazy, entitled, inexperienced, etc. — and picked fault with others.
When I wrote to several of the 2014 winners of ISM/ThomasNet’s “30 Under 30” competition recognizing young talent working in supply chain, I asked them how they think their generation will change the procurement and supply chain profession. I also asked them how they would describe their generation’s strengths, weaknesses and challenges as pertaining to supply chain. And as I read through their responses (my sincere thanks to all who participated!), common themes emerged.
Companies putting time and money into supplier diversity programs experience no loss in efficiency, according to new research from The Hackett Group. Hackett’s 2017 Supplier Diversity Study found that nearly all diverse suppliers meet or exceed expectations and in fact bring additional benefits such as new revenue opportunities. These new findings dispute executive assumptions that pursuing supplier diversity initiatives will divert attention from other strategic activities.
The CW/S world is rapidly changing as new and truly disruptive technologies emerge and as the employer-employee relationship evolves. How will this affect the average procurement practitioner? That is the topic to be covered on a webinar tomorrow (Wednesday, Feb. 22, at 12:30 p.m. CST), titled Contingent Workforce and Services (CW/S) Procurement: 2017 Tech Trends and Their Impact on You. We encourage our readers to tune in as Karpie and Spend Matters Founder Jason Busch break down CW/S technology trends and where they’re taking root.
While the area of supply risk management is attracting growing interest and investment from procurement organizations, organizations typically deal with risk on a piece-part basis. That is exactly the wrong strategy, argue Spend Matters analysts Jason Busch, Pierre Mitchell and Michael Lamoureux in their latest report, Spend Matters Landscape Definition and Overview: Supply Risk Management and Compliance. One of their core aims in publishing this analysis, they write, is “to change this perspective and help organizations integrate these supply risk management initiatives more effectively.”