The future-oriented next-generation procurement organization must be equipped with a digital SPM solution. Organizations need to actively transform their current supplier management processes by implementing an agile, easy-to-use digital platform that fosters open, transparent communication between the supplier and the client.
What we have all witnessed over the course of the last eleven months in our country will spoken of for decades to come. The pandemic exposed the frailties of our economic system which many of us in underserved communities knew to exist for much of our lives. The forced closure of our country by the pandemic quickly exposed a two-class economic system and placed the dreams of many business owners into peril. Amid the social unrest created by the incidents across our country, many companies and organizations were moved to respond. Many with a renewed awakening of what is and what was very evident to many. “We hear you; we will invest in your community, we will change” was the general message.
I am not one to make a slew of New Year’s Resolutions. However, the first two months of the year begin with endearing and instructive celebrations–Dr. MLK Jr. Day and Black History Month–that should influence our thinking and behavior. Executive Leaders must set the tone on “what we do” and “How we do it.” These celebrations, as well as others, provide opportunity to be visible on what’s important to maintain a healthy business and operating environment internally and in our communities.
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