How to Build a Vendor Transition Plan
Building a redundant supply chain requires planning for vendor transition. While we can’t prepare for every minute possibility, a bare bones transition plan that gets you from one vendor to another quickly will help you sleep better at night. We can learn a lot from IT, which is so often outsourced that a vendor transition […]
3 Tips to Improve Your Shared Services Management
Shared services have been transforming the corporate delivery model since the 1980s. As an operating model, the philosophy is to centralize and standardize administrative functions. The idea is to go from multiple silos with many workflows, to one synchronized function that fully leverages the support feature. This effort is cost effective, particularly in light of […]
Digital Transformation in Procurement: Not an Oxymoron
It’s a challenging time to be in the procurement field. COVID-19 proved that our supply chains are weaker than we thought and highlighted our need for real-time technology tools to stay on top of volatile markets. Procurement, however, has lagged behind other fields, with a slower transition to cloud technology and digital transformation. What is […]
Strategies to Put AI at the Core of Your Digital Transformation
While the COVID-19 virus may have derailed some digital transformation initiatives, behind the scenes, technologies have continued to evolve. Artificial intelligence (AI), while maturing, is still in its infancy. Despite this, AI will play a huge role in future digital transformation efforts. Companies have been attempting to apply the elements that makeup AI with mixed […]