Procurement and sourcing are essential functions in any organization, as they involve finding, acquiring, and managing the goods and services that the organization needs. However, procurement and sourcing are also complex and dynamic fields that require constant learning and updating of skills and knowledge. That’s why online training courses can be very beneficial for procurement […]
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Ask most people where they learned the most important or useful knowledge and skills they use at work, they will say they learned them at work, not from a training course. Foundation knowledge and skills are often learned most efficiently in structured and guided learning courses. However, they are just that – a foundation. The
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what is a ‘critical’ or ‘important’ function? Over the years I’ve had many conversations around what is and isn’t outsourcing. One issue is whether the service in scope is significant or material and this has proved to be something of a movable feast. Leaving aside compliance to outsourcing guidelines having clear criteria in this area
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how to reduce value leakage and meet all of your outsourcing goals Research (see work done by the IACCM) suggests that outsourcing arrangements leak value to the tune of as much as 40% or more. In monetary terms this can equate to eye watering amounts that run into millions of dollars. While there are many
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how to train strategic sourcing professionals Strategic Sourcing – outsourcing, offshoring and shared service centres essentially – has been a core activity for most medium to large organisations, and many smaller ones, for at least a couple of decades. Despite that fact training programmes are not so easy to find. The main problem is that
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hotel california contracts I was trading thoughts on Twitter recently about Brexit (I know, I know, life’s too short and I should get out more!). Someone was complaining that the EU had taken away the UK’s sovereignty. I pointed out, amongst other obvious characteristics of sovereignty, that the UK had always retained the option to
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the structure of outsourcing governance – three critical elements How many contracts for outsourced services does your organisation have now? If you are a larger organisation it will be many. The challenge is to ensure that each individual contract is successfully commissioned and managed AND all contracts successfully comply with organisational policy and strategy. The
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the science and the art of outsourcing Outsourcing is a science and an art. The science has developed well over the past 20 years. There are international standards of best practice that describe the processes in the life cycle of an outsourcing arrangement: the make or buy strategy, through contracting, onto transitioning from current to
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