E-360 ‘- the method for continuous development and monitoring of the implementation of the acquired knowledge
We recently mentioned on our blog that investing in employee training is a decisively profitable move. But to achieve ROI (return on investment), it is necessary to provide opportunities for trained employees for continuous practical use of the acquired knowledge and new techniques. What are the evaluation goals of the 360 ‘model? The objectives of…
Read MoreSupply chain security thanks to blockchain technology
Resilience of the supply chain to threats that may occur along the way of the entire process is an unquestionable basis for every business. Regardless of how complex the company structure is and how extensive the entire process is, proper supply chain management tactics and tools will not only improve the quality of services provided,…
Read MoreRisks associated with e-auctions – how to deal with them?
Purchasing e-auctions, also known as reverse auctions, are an interesting solution that can bring significant savings. It is not surprising, therefore, that they are gaining more and more fans. It is generally believed that e-auctions can improve price effectiveness. They can also allow partial elimination of time-consuming and often complicated business negotiations with suppliers. However,…
Read MoreBenefits resulting from the use of IT tools in the S2P process
The Source to Pay (S2P) process is one of the most complex processes in the day to day operations of enterprises. It covers the whole life cycle of the purchase transaction – from selecting the supplier to payment for delivery. And despite the growing level of automation, it is still vulnerable to the risk of…
Read MoreWhy is it worth having good negotiators?
Business negotiations are not just about defeating the opponent in the discussion and negotiating good terms for oneself. On the contrary, an effective negotiator knows how to create a situation in which all parties will be satisfied with the outcome of the negotiation process. This ability is invaluable not only for negotiations. It can also…
Read MoreWhat is the competitive advantage?
We have repeatedly written about competitive advantage on our blog. We also emphasized the importance of conducting business negotiations and managing relationships in the way supporting the competitive advantage. But what is the competitive advantage? And what are the most effective methods of achieving it? What is a competitive advantage? The competitive advantage is when…
Read MoreOptimization of purchasing processes – trends for 2019 part II
In the previous post, we were wondering what trends in the area of human resource management will dominate in purchasing departments in 2019. Now it’s time for modern technologies and IT systems supporting the supply management. What can we expect in the near future? Will it bring changes? Sorry, we couldn’t find any posts. Please…
Read MoreNegotiation training – how to make as effective as possible?
Companies around the world spend millions of dollars on negotiation trainings. However, even the best training will not bring the expected results if the organizations do not take actions aimed at consolidation and implementation of the acquired competences on daily basis. How managers can increase the chances that the negotiation training will bring long-term effects?…
Read MoreWhat does Source to Pay (S2P) mean?
Source to Pay, also known under the abbreviation S2P, is the process of obtaining raw materials or components necessary to manufacture a product or provide a service and to pay for products purchased from suppliers. Each production or service company must effectively manage this process. The prize for implementing the best solutions is building the…
Read MoreOptimization of purchasing processes – trends for 2019 part 1
A well-organized and efficient purchasing department has an unquestionably positive effect on the organization’s financial results. Daily work of buyers is strongly connected to minimization of costs and risks in the supply chain. However, over the last years we can observe transformation of the function that will impact work of buyers and managers. Those changes…
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