Procurement analytics: A game changer for smarter procurement
How procurement analytics is transforming purchasing
Procurement analytics is becoming essential for businesses to manage complex supply chains and global expansion, writes Sarah Dunsby. The practice offers data-driven insights that help organizations identify trends, track performance and predict future needs, resulting in cost savings, better supplier terms and risk management. However, implementing procurement analytics can be challenging due to manual operations, skill gaps and budget constraints.
Full Story: LondonLovesBusiness (02/06)
The Right Words at the Right Time: Crafting Recognition That Sticks
Think about the best recognition you're every received. Who said what, and why did it hit you so deeply?
When you recognize a team member for a job well done, make that recognition meaningful by clearly spelling out what they did and why it mattered, make it personal for them and find out how they appreciate being appreciated, writes Karin Hurt. "Some people love public praise, while others prefer a private acknowledgement," Hurt writes.
Full story: Let's Grow Leaders (02/13)
Stop Asking Why: Ten 'What' Questions Senior Leaders Can Use to Drive Alignment
Why asking "What?" beats asking "Why"
Asking your direct reports "Why?" questions about what they think or don't like can lead to evasiveness or justifications, writes Scott Ebin, who recommends using "What?" questions such as "What factors have most influenced your thinking? or "What risks or unintended consequences do you see if we move forward with this approach?" "This subtle but powerful shift helps executives move conversations from resistance to resolution, ensuring discussions are strategic, action-oriented, and productive," writes Eblin.
Full story: eblin group (02/18)