May 21st is International Diversity Day, as such we wanted to reflect on the importance of supplier and spend diversity, and how diversifying your supplier portfolio is both ethically and financially a sound strategy. It is no secret this is an impactful and strategic value-driver but it is often hard to speak to exactly why or what benefits an enterprise can take advantage of by purchasing in this way. We leaned on the experts at procurious to help us elaborate on this specific topic through a recent article they published.
How do you balance the demands and expectations of stakeholders in business? And how do you strike this balance while simultaneously growing and strengthening your brand? This is one of the biggest challenges companies face today.
Network with your purchasing peers to uncover immediate, strategic returns and increased performance. Procurement teams are learning, networking, and growing at Connections 2019.
Procurement often finds that they are working in a silo, disconnected from their stakeholders and lacking prudent visibility into overall company goals. When the opportunity to connect with others in the purchasing world arises, procurement can learn tools and best practices that will help guide them out of their silo so they can operate more efficiently, spend more strategically, increase returns and perform at a higher level.
OMNIA Partners, Private Sector celebrates International Women's Day 2019, annually recognized on March 8th! We asked a few of our esteemed female colleagues and supplier partners what it means to be a working woman in 2019. They shared empowering advice, thoughts, and motivations. Share YOUR advice with OMNIA Partners throughout the month of March with the hashtags: #BalanceforBetter and #OMNIAPartnersPrivate
Developing alignment with your internal stakeholders can be difficult, take a lot of coordination and be complex. Stakeholders tend to think procurement is not focused on finding the right solution with a partner they can trust, but rather focused only on expense management.
These 6 questions will help procurement take the lead in starting the conversation.
Most companies say that measuring supplier performance is critical or at least highly important to success. Enterprises simply aren't sustainable without competent, dependable suppliers.
Supplier performance stems from successful relationships. And those relationships develop through effective communication, in addition to well-defined supplier contract agreements.
Prime Advantage, an OMNIA Partner, has invited industry experts to share insights on achieving manufacturing and business success. In this post, journalist Brandon Stanley shares insights on what it takes to be an exceptional leader.
Companies are always looking for leaders which are highly effective in inspiring their employees to give their best. Of course, not all of us were born leaders, but any of us can learn how to become one. To be a great leader, you need to inspire and motivate your team. How? By leading by example.
“Rather than thinking you’re right, ask yourself, how do you know you’re right?” These are the sentiments of Ray Dalio, founder of Bridgewater Associates, the largest hedge fund in the world, during his recent TED Talk on enhancing decision making. Dalio believes that one of the greatest tragedies of mankind is that people arrogantly and naively hold onto opinions that are incorrect, and act on those views without any verification process.
At the recent Prime Advantage Fall Conference, negotiation expert, Julie Kowalski of Spizzerinctum Group, held a professional development session that presented the tools for becoming a great negotiator. She outlined the factors affecting successful negotiations, shifts in strategies, vocabulary to use, debunked assumptions, and a bundle of top techniques. Here are some of the tactics that were discussed that you can employ today to become a leader in your negotiations: