Must Read: Turning the Team You Have into the Team You Need
With the current (and likely to continue) emphasis on transformation in procurement, leaders are going to have to make a significant investment in current staff if they are going to be prepared to deliver what the enterprise needs in the future? One perspective on how to achieve this comes from Berwick Partners, the 360-degree procurement professional as they call it.
In this week’s must read, we learn about an innovative procurement employee exchange program involving HSBC, IKEA and Maersk aimed at developing the skills of top talents from each business.
On the Pod: The 2020 AOP Special Startup Series
In this special podcast series, we’re shining a light on the startup companies who are changing the way that leading procurement teams are driving outcomes that truly align with corporate objectives. Over the last two weeks we have heard from 9 disruptive startup and growth solution providers. Click here to follow the whole series.
Heard on the Street: Planning for the Coronavirus… and more
“Companies that rely on manufacturing from facilities in Wuhan, China, are considering alternative suppliers as facilities in the region face potential production delays.” Supply chains plan for coronavirus disruption (Supply Chain Dive)
“The United Kingdom is set to leave the European Union on 31 January 2020 at midnight (Brussels time). It will no longer be a Member State of the European Union. This is a decision that the EU regrets but respects.” Questions and Answers on the United Kingdom’s withdrawal from the European Union on 31 January 2020 (European Commission)
On the last day of class, I ask my students to turn those theoretical lenses on themselves, to find cogent answers to three questions: First, how can I be sure that I’ll be happy in my career? Second, how can I be sure that my relationships with my spouse and my family become an enduring source of happiness? Third, how can I be sure I’ll stay out of jail? How Will You Measure Your Life? (Harvard Business Review).
“The days of simple assembly lines have been leapfrogged as manufacturers are moving to embrace bold new production and design techniques.” Adding personalisation to the manufacturing industry’s toolbox (Supply Chain Digital)
Turn Back Time: Previously on the Art of Procurement Podcast
Bits & Pieces: Data Science is Changing the Procurement Landscape
Data Science Is Changing the Procurement Landscape (Inside Supply Management)
Economic Update: The Q4 2019 Freight Payment Index (Buyers Meeting Point)
RPA isn’t having a renaissance, it’s catalyzing broader White Collar automation and AI to top $16bn (Horses for Sources)
Chemicals & Plastics: Global Market Outlook (PM2Consult)