A “Three-Legged Stool” Approach to Optimizing Indirect Spend
As any procurement professional who’s managed indirect categories will tell you, the relative spend is not equal to the relative headaches. To optimally manage the most burdensome indirect categories—e.g., uniform rental, waste & recycling, pest control, security & guard services, and energy & utilities—an equally complex approach is required. [...]
Sustainability vs. Sustainable: Is your energy management strategy truly efficient?
At its core, the word “sustainability” is defined simply as the ability to continue at a certain level—no explicit consideration for whether something is “green,” renewable, or recyclable, and no defined parameters around carbon footprint. Simply: “able to continue." This naturally begs the question: is your energy management strategy sustainable? [...]
Buyers: It’s time to take back your power. Here’s how.
The harsh reality is that at the dawn of 2023, procurement teams and buyers in general are facing an exceptionally challenging landscape, and the grand-scheme question facing these professionals is: “How can we reclaim some of the power we’ve lost?” [...]
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The Unintended Consequences of “Net-Never” Payment Strategies
An accomplished procurement executive recently joked with me that their prior employer’s vendor payment terms were “net-never.” The phrase resonated with me and my team, as we’ve witnessed just how […]
IPCC’s Latest Warning Drives an Urgent Climate Call-to-Action—Join Us in Answering the Call
On August 5, 2021, the UN’s Intergovernmental Panel on Climate Change (IPCC) released its 6th Assessment Report on Climate Change. There’s a good chance the report crossed your radar like […]