Most procurement departments are familiar with running an office products Request For Proposal (RFP), especially the time, effort and resources required. Years of running RFPs may give a company confidence that they are putting in place an effective office supplies contract with negotiated savings. However, hidden costs are not always uncovered with an Office Products RFP.
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Dan Grant, Senior Vice President Vertical Markets, and Lisa Wittmer, Vice President, Partner Development Technology Solutions, were featured by Supply Chain Now in a discussion on the difference between a traditional -vs- modern GPO, the depth of category expertise GPOs leverage for members, how GPOs are helping supply chain leaders future-proof their business, their 2021 supply chain predictions and MUCH more. Watch the video below!
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Embracing the new business environment implications will help companies rise to the occasion and be a leader in longevity. By empowering companies to adopt change, leaders can increase agility and resilience, making any crisis disruption an opportunity for innovation - rather than an impediment to overcome. Whereas businesses hesitant to adopt new strategies, or avoiding change, are risking being left behind with diminishing returns. Enterprises looking for ways to simplify adoption, streamline processes, future-proof, and contain resource expenditures can look to their group purchasing organization (GPO) to help turn crisis into profit by implementing impactful change.
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Disruption quickly, and often, dramatically alters the purchasing landscape. Enterprises nationwide are experiencing the impact this is taking on their human resource professionals. As the pandemic progresses, the HR function will be continually challenged with keeping workers safe, healthy and informed, in addition to their everyday performance duties. Soon - if not already- HR teams will face permanent changes such as:
Purchasing professionals are constantly being tasked to do more with less. There is an ever-growing savings goal and an unmanageable number of suppliers/categories to be responsible for, in addition to improving long-standing contract savings and service-levels, benchmarking results on current contracts and overall market trends, and satisfying end-user stakeholders’ priorities, unique needs and goals. Group purchasing organizations (GPOs) can narrow the scope of priorities for procurement as they take on and deliver on the most important value drivers.
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The National Oceanic Atmospheric Administration (NOAA) is predicting 2020’s hurricane season (June to November) to be 60% more active than usual.
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As businesses move forward with staged reopening strategies there are continued (and new) considerations that are necessary for sustainability in an unstable environment. One critical infrastructure area that is on high-alert is technology.
With the “new norm” emerging, it’s necessary for companies to reevaluate how they’re going to maintain social distancing to protect employees from transmission of infectious diseases. Whether you’re preparing for returning staff or shutting down to take measures on existing procedures, workplace safety is the topic of a lot of discussions, but what are next steps for procurement to take in order to make their impact on business safety? What areas do considerations need to be made for?
⏰ Total Read Time: 6 minutes
Now that businesses nationwide are opening in phased approaches and at varying degrees, it represents a necessary shift in supply chain planning and purchasing strategies for facilities.
