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The Sourcerer Supreme Blog
"Insights and Knowledge for Procurement Professionals."
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Nov 13, 20243 min read
Proactive Supplier Risk Management: Strengthening Your Supply Chain Amid Uncertainty
In today’s complex global environment, procurement teams face unprecedented levels of risk when it comes to supplier partnerships....
Nov 6, 20241 min read
Mastering Supplier Management: Building Partnerships that Drive Success
In procurement, strong supplier relationships shape our ability to innovate, adapt, and deliver value. When supplier management becomes a...
Oct 30, 20243 min read
Building Resilient Supplier Relationships: My Approach to Risk Management
In procurement, risk management is no longer an option; it’s the backbone of a resilient supply chain. My approach has always been about...
Oct 22, 20242 min read
The Critical Connection Between Supplier Diversity and Sustainability: A Call for Ethical Sourcing
We live in a moment where the choices we make as procurement leaders carry more weight than ever before. It’s not enough to focus on...
Sep 26, 20242 min read
What Approval Process Should Procurement Use for AI Vendors?
With the rapid growth of artificial intelligence (AI) in business applications, procurement teams face the challenge of selecting and...
Sep 17, 20243 min read
Integrating Supplier Diversity into Sustainability Goals: Driving Procurement's Future
In recent years, the procurement industry has witnessed a seismic shift in its priorities. Once driven primarily by cost savings, today’s...
Jul 23, 20242 min read
Building Strategic Supplier Partnerships for Long-Term Success
Strategic supplier partnerships are critical for creating resilient and efficient supply chains. These relationships go beyond...
Jul 16, 20242 min read
The Rise of Circular Economy in Procurement
In today's sustainability-focused world, the circular economy is gaining traction as a vital approach to resource management. Unlike the...
Jul 9, 20242 min read
Advanced Data-Driven Negotiations: Maximizing Value and Efficiency
In procurement, effective negotiations are essential for improving a company’s bottom line. Data analytics has revolutionized procurement...
Jul 2, 20242 min read
Risk Management in Procurement: Strategies for a Resilient Supply Chain
In today's complex business environment, effective risk management is essential for a resilient supply chain. At Hummons Consulting, we...
Jun 25, 20242 min read
Supplier Diversity: Driving Innovation and Competitive Advantage
In today’s global business environment, supplier diversity is a critical driver of innovation and competitive advantage. At Hummons...
Jun 20, 20243 min read
Sustainable Procurement Practices: How to Build a Greener Supply Chain
In today’s business landscape, sustainability has evolved from a buzzword to a core value that shapes corporate strategies and...
Mar 26, 20243 min read
Elevating Procurement: A Champion's Guide to Innovation and Excellence
In the vast and intricate realm of procurement, the winds of change are not just blowing; they're howling. The era of traditional...
Mar 19, 20243 min read
Navigating the Nexus of Politics and Procurement: Advanced Insights for Today's Professionals
In today's rapidly evolving global marketplace, the confluence of politics and procurement presents a landscape rich with challenges and...
Mar 12, 20242 min read
Agile Procurement: Pioneering Procurement's Future in 2024
In the swiftly evolving landscape of global commerce, the essence of procurement undergoes a transformative shift towards agility. No...
Mar 5, 20243 min read
Spring Cleaning Your Supplier Relationships and Contract Database: A Strategic Refresh for Procurement Leaders
As the season transitions to spring, it offers us a timely reminder about the importance of renewal and reevaluation— in our personal...
Feb 27, 20243 min read
Unlocking Efficiency and Partnership: Future Trends in Vendor Management and Supplier Relationships
In the rapidly evolving landscape of procurement and supply chain management, businesses continually seek innovative ways to optimize...
Feb 20, 20243 min read
How to Review Contracts Like a Procurement Professional to Drive More Business Value
In today’s rapidly evolving business landscape, the ability to review contracts with a keen, professional eye is more crucial than ever....
Feb 13, 20243 min read
Unveiling the Art of Data Purchasing: A Strategic Guide for Procurement Professionals
In today's data-driven business environment, the procurement of high-quality data stands as a cornerstone for strategic decision-making,...
Feb 6, 20243 min read
Unlocking Value in IT Procurement: Leveraging Cost Levers for Negotiation Success
In the ever-evolving landscape of IT procurement, mastering the art of negotiation is paramount. As IT Procurement Director at Tropicana,...
Jan 31, 20242 min read
Navigating the Tightrope: Maintaining Preferred Supplier Rates Post-Downsizing
In the ever-evolving landscape of procurement, businesses face the challenging task of maintaining preferred supplier rates, especially...
Jan 23, 20242 min read
Evolving with Excellence: Your Next Step in the Procurement Maturity Journey
Welcome to our latest insight at Hummons Consulting! I'm Brandon, your guide to mastering the art of procurement. Today, we delve deep...
Jan 16, 20242 min read
Mastering the Art of Negotiation: A Key Tip for Procurement Professionals
In the dynamic world of procurement, the ability to negotiate effectively is not just a skill, it's an art form. At Hummons Consulting,...
Jan 12, 20242 min read
Mastering the Art of Procurement: Essential Skills to Seek in Your Next Hire
In the ever-evolving landscape of procurement, the success of your team hinges not only on the technical expertise but significantly on a...
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