Language translation is a critical tool for organizations who want to expand their global footprint. It’s also a fairly complex industry – with many different service offerings, various industry terms and a number of qualified suppliers in the market. This makes taking the right approach to translation essential for success.
There’s no doubt new technology is catalyzing the evolution of procurement’s role in the enterprise. A recent article from Spend Matters notes that what sets world-class procurement organizations apart is the use of digital technology. Surprised? You shouldn’t be. Just like most other areas of your organization, leveraging technology enables procurement teams to stamp out inefficiency and save time.
Modern procurement teams care about more than the cost savings you achieve. Yes, finding new and greater opportunities for savings is important, but increasing procurement’s influence and becoming a strategic partner to the business are also top priorities. This means taking a more strategic approach to buying, and considering factors beyond price when making purchasing decisions.
Much has changed in the workplace over the past several years. A number of factors are driving change in everything from corporate culture to the physical setup of offices. Younger generations enter the workforce and bring a desire for collaboration and flexible workplaces. Sustainability efforts have become increasingly important for many organizations. New technology is enabling a more flexible work environment and increased interactivity among co-workers.
We hear it from procurement teams a lot: they want to spend smarter. This is especially true for indirect spend categories. Many organizations are aware of the opportunities that indirect categories offer to achieve procurement goals like increased cost savings, but, the challenge is that many teams are already overstretched and don’t have the time to really focus on driving improvements in their spend programs.
The Internet of Things (IoT) is a hot topic right now and for good reason. The explosive growth of internet-connected devices is disrupting nearly every aspect of how we live and work. Consider how many “smart” or “connected” devices or products that you use on a daily basis – for example smart home appliances, fitness trackers or connected vehicles.
Read through this informative infographic featuring the reasons why a taking a look at your office supplies program through a new lens may make a lot of sense for your enterprise.
Deloitte’s recent 2017 Global Chief Procurement Officer survey noted that enterprises remain focused on driving down costs and consolidating spend. Indirect spend categories are attracting more attention as companies recognize the important opportunities for savings they hold. As such, those folks tasked with managing indirect spend categories like office supplies and solutions face unique challenges.
The breakroom is an area of the office that, maybe surprisingly, holds an opportunity to help procurement cut costs in a major way. In addition to helping improve productivity by giving employees a space to recharge throughout the day, the break room and the products you stock in it can help your organization reduce waste.