Category: Contract Compliance
Contract compliance is a service industry concerning itself with the adherence to contractual terms by service providers to their clients. A Contract Compliance review involves ensuring that services are properly delivered and that any shortfall is rectified with fiscal or professional compensation.
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Procurement and Sales teams hate each other
Bridging the Gap: Addressing Tensions Between Procurement and Sales Teams In the dynamic world of modern business, seamless collaboration between different organizational units is crucial for sustained success. Recently, I have engaged with numerous professionals within procurement operations, and a recurring theme has caught my attention: a palpable tension between procurement teams and sales departments.…
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How do you deal with burnout?
Understanding and Managing Burnout in the Tech and Fintech Industries In today’s fast-paced technology and financial technology (fintech) sectors, professionals often find themselves navigating high-pressure environments that demand constant innovation, precision, and relentless dedication. With over eight years of experience in procurement within these dynamic industries, I have increasingly recognized signs of burnout—an occupational phenomenon…
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Screen time in purchasing
Addressing Screen Fatigue in Procurement Roles: Strategies for Reducing Digital Overload In today’s digital-first world, many professionals find themselves spending extensive hours in front of screens. This is especially true in procurement and purchasing roles, where daily tasks often involve managing software, analyzing data, and communicating via digital platforms. However, prolonged screen time can lead…
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How often do you reassess vendor risks? Struggling to balance thoroughness with the volume of vendors we work with.
Strategic Approaches to Vendor Risk Reassessment: Balancing Due Diligence with Operational Efficiency In today’s dynamic business environment, effective vendor risk management is a critical component of a robust procurement strategy. While many organizations establish comprehensive onboarding procedures for new vendors, maintaining ongoing oversight of existing vendors presents unique challenges—particularly when managing a large and diverse…
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Best books for a procurement professional?
Essential Reading for Aspiring Procurement Professionals: Top Book Recommendations and Guidance In the dynamic world of supply chain management, procurement plays a pivotal role in ensuring organizational success. For professionals entering the procurement field, foundational knowledge is crucial to establishing a successful career. If you’re embarking on this journey or seeking to deepen your understanding,…
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Sinking ship (rather a rant)
Understanding the Challenges of Centralized Procurement in Small to Middle-Sized Companies In the complex landscape of corporate procurement, especially within small to medium-sized organizations, handling procurement functions effectively can often present unique challenges. Recent insights from procurement professionals highlight the struggles faced when operating with limited personnel and navigating organizational inefficiencies. This article explores these…
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How… what… heIp… I oversold myself…
Navigating the Transition to a New Role in Strategic Procurement: Strategies for Success in Your First 90 Days Embarking on a new career journey can be both exhilarating and daunting, especially when transitioning into a domain adjacent to your existing expertise. If you’ve recently secured a position at a dream company after years of dedication—and…
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Work life balance in procurement?
Achieving Work-Life Balance in Procurement: Insights for 2024 In today’s dynamic business environment, maintaining a healthy work-life balance has become a crucial aspect for professionals across all industries, including procurement. As organizations increasingly recognize the importance of employee well-being, understanding what work-life balance looks like within procurement roles is essential for both current practitioners and…
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Purchasing managers: what KPIs are you most closely monitoring in 2025?
Key Performance Indicators (KPIs) for Purchasing Managers: Setting Priorities for 2025 As we progress into 2025, many procurement and purchasing professionals find themselves reflecting on the performance metrics that have driven success over the past year. Evaluating which KPIs have provided meaningful insights and which may have fallen short is a valuable exercise to refine…
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Do y’all think we’ll be replaced by AI?
Will Artificial Intelligence Replace Human Roles? Reflecting on the Impact of AI in the Workplace As advancements in Artificial Intelligence continue to accelerate, a common question emerges: Are we at risk of being replaced by AI in our professional roles? Many professionals observe AI’s increasing capabilities and wonder how it might reshape their industries—and their…