What is Procurement? As business operations witness high competition in recent markets, it is important to ensure that the organization functions the right way. Procurement professionals are responsible for the proper acquisition of products and services required to enhance the operational efficiency of the organisation. Apart from being a business...
Blogs
Strategic Supply Chain Management As a Source of Organisational Success
Inventory shortage isn’t a challenge anymore: inventory glut is!
Inventory glut or excess inventory is currently one of the most significant hurdles to the supply chain's return to normalcy. Overloaded warehouse inventories are an expensive strain, leading to consumption in companies' bottom lines. Industry experts are predicting that the excess supply and accompanying storage expenses are expected to continue...
Equipping your Organization with Skilled Talents for an Unpredictable Future
In a frequently evolving landscape, change is the only thing that remains constant often hindering our ability to predict the future. Within this dynamic and unpredictable environment, the need for fostering a workforce that is adaptable to forthcoming demands comes to the forefront. This is where the pivotal concepts of...
Future Proofing – need of the hour
A few days back, October 13th to be exact, I bumped into a friend of mine, working for a major Education Group. He has always held fascinating job titles but his current job title of “Chief Disruption Officer” certainly takes the cake!! I never imagined, even in my wildest dreams,...
Scary Situations for Procurement Professionals
From jumbo pumpkins for jack-o-lanterns to spooky costumes and decors, procurement departments prepare well in advance to support Halloween stock. However, going overboard with seasonal products can strain procurement teams, cost organizations big amounts and ultimately fail to get a return if the product fails. That’s the scary story of...
Capability or Competency, which is important to Business?
“Competency” and “capability” are two terms that pertain to human ability and in everyday business these terms are often used interchangeably; It’s easy to use these terms as synonyms for one another without thinking. The true difference between Capability and Competency is in the impact that each has on business....
The Transformational Role of Microchips in Supply Chain Management
Introduction In the world of supply chain management, efficiency and transparency are the keys to success. As industries evolve and global markets become increasingly interconnected, the need for real-time data and tracking has never been greater. This is where microchips, often referred to as RFID (Radio-Frequency Identification) and IoT (Internet...
Nurturing Human Excellence in the Age of AI: The Imperative of Soft Skills Development
Lama Atoui Asst. Program Director – HR and Soft Skills The importance of human skills is assuming a more prominent role in the relentless march of technology, where artificial intelligence (AI) is becoming more and more integrated into our professional world. As businesses strive for efficiency and creativity, it is...
A Career for Those Who Enjoy Travelling!
Have you ever heard that you are travelling all over the world, visiting beautiful tourist destinations, and enjoying stays in luxurious hotels and still getting paid for the same? Yes! You read it right. It's for those who have a career in Travel and Tourism. Not everyone can handle sitting...