Simon Whatson has been quoted in a news story by Supply Management called “Kraft Heinz procurement staff ‘engaged in misconduct’”.
Mark Bevan, principal at Efficio, comments on the UK Government’s recent decision to suspend big-name businesses from the Prompt Payment Code (PCC).
If strategic suppliers are to play an increasingly important role, selecting these partners through high-quality strategic sourcing processes will be critical.
Where procurement functions are now, and where they are heading, particularly in terms of digital transformation, how businesses are using technology to enhance their processes, and the barriers to technology delivering the expected benefits.
Kraft Heinz recently announced a $15bn impairment and dividend cut of more than 30%. It’s difficult to see how procurement can support the business achieve the “sustainable, profitable growth” which Hees was targeting.
Moving from a transactional focus to a strategic one is a major challenge for many procurement teams. Efficio helped transform Elm’s procurement function into a strategic partner, while adding significant and rapid value to the business.
In a rather revealing three-part series over on our US site, global procurement consultancy firm Efficio tackles the age-old problem of ‘making it easier to do business with procurement.
Many consulting businesses are discussing the benefits of new technologies, but few are adopting digital processes to grow their own business.
Transforming existing systems and processes with technology was frequently cited as the top procurement objective for 2018 in our recent study. But is this the full story?
The importance of data in the digitalization of procurement is well documented. Half of the respondents to Deloitte’s CPO survey 2018, for example, indicated they are proactively leveraging intelligent and advanced analytics to optimize costs.