A rapidly changing workforce, integrated with the advent of the digital era, is shifting the way procurement operates. Younger generations entering the private sector workforce are proposing improvements to current processes that questions the status quo. For the first time in modern age, five generations are present at work –Traditionalists, Baby Boomers, Generation X, Millennials, and Gen Z.
Group purchasing helps private organizations of all sizes spend strategically while delivering efficiencies. All procurement leaders strive to stay on top of procurement best practices and gain the most out of their resources.
These five tips will help you gain the most out of your group purchasing partnership.
OMNIA Partners Connections 2019 was an even bigger success than we could have fathomed. The connections made across our entire community were impactful, strategic, and our attendees (and the OMNIA Partners team) left with valuable insights.
Diversifying your spend and supplier portfolio can be financially sound strategy. It can be 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 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.