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A recent review by Peter Smith of my new book , “The Procurement Value Proposition”, co-authored with Gerard Chick, provides some solid support for the message Gerard and I were seeking to develop. They also need strong quantitative fluency and be competent in developing and deriving solutions from datasets.
As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.
Examples might be a “state of the industry” report purchased from a consulting company or a publicly available database such as the Census of U.S. Processes are in place to gather supply market intelligence from across the organization, suppliers & external sources on a regular basis. Cognizant Tech Solutions Corp.
That is exactly what initiatives like the SCRC do, is bridging the world of industrial and service supplychains with the academic and learning environment. People need to have the ability to explore, use new tools, and tackle new problems in a safe environment. That is how learning takes place.
He started in supply planning, overseeing over $100M of spend in batteries and other categories. He then went into global imports for the central purchasing group in Raleigh. In 2013 we had $8M of raw material inventory – due to poor purchasing, poor safety stock decisions, and a lot of WIP in the system. Today, we are at 5.5M
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