How to make the most of your training budget?

It is vital to make strategic investments in employee development for empowering teams and ensuring the continued success of a company. In fact, training expenditures in the U.S. cost $70.65 billion in 2016. It has been noted however that a good amount goes to waste when employers don’t consider the specific needs of the company and employees of…

Share

5 Steps to drive value into the Supply Chain

In today’s rapidly evolving and competitive corporate environment, it is essential to shift from a traditional transaction-based (more tactical) to a value-oriented supply chain for companies to recognize their full market potential. Driving value into the supply chain means more collaboration and the ability to obtain the relevant data needed to make quicker and more…

Share

Overcoming Employee Engagement Challenges

Low employee engagement represents a major challenge for various organizations. It is essential that businesses engage with their staff to keep their workforce motivated and productive since the poor employee engagement can lead to a company’s downfall. A 2012 report states that companies around the globe are spending $720 million USD a year on improving…

Share

Best Practices for Managing Strategic Suppliers effectively

Managing strategic suppliers effectively is essential to drive competitive advantage for modern global organizations. The key lies in the ability to extract the best from key partners. The presence of strategic vendors and suppliers is critical to provide products or services that meet your company’s major demand requirements and plays a vital role in your…

Share

Demand Forecasting: The key to a more effective Supply Chain

In today’s evolving corporate world, an effective and performing supply chain is crucial for success. However, various companies face challenges such as their inability to meet customer service expectations despite having high levels of slow-turning inventory. This is usually what an under-performing supply chain leads to. It is the result of poor forecasting accuracy, ineffective…

Share

Best practices to improve Supply Chain productivity

The supply chain is now increasingly viewed as an essential determinant of competitive advantage. Organizations have realized that their supply chain is much more than the cost of getting products into consumers’ hands. Companies have recognized the importance of the supply chain in translating corporate strategy into daily interactions both within and beyond the organization.…

Share

5 steps to a successful strategic procurement process

The procurement process is not an easy one to handle. Strategic procurement needs the involvement of an entire organization. It necessitates effort from all departments of a company. A strategic procurement team is essential to set the overall direction for procurement, aligned with the business strategy. In fact, a procurement strategy is one of the…

Share

7 key competencies needed to be a successful Project Manager

Project management requires efforts and it is certainly not an easy job. It involves several steps; from the initiation, planning, executing, and controlling to the closing of a project. The most challenging part is that the project is delegated to a team with specific goals to achieve over a defined timeline for a determined budget.…

Share