All posts by Procurious HQ

Contract Management: What Does ‘Good’ Look Like?

By necessity, Contract Management has moved on from the old days of paper copy and filing cabinets. But what does ‘good’ really look like?

contract management
Photo by Maksym Kaharlytskyi on Unsplash

We recently published a piece about what ‘good’ strategic sourcing looks like. After all, if you are one of the many procurement organisations in the vast middle of the market, good is more likely to be your goal than total dominance.

In any area of a business, the difference between okay and ‘good’ may be the presence of a few extra steps, a little more attention to detail, or a bit more creative energy. This as is true for strategic sourcing as it is for contract management.

Contract management has evolved substantially since procurement started applying technology to expand its impact. It used to be that ‘good’ contract management meant your filing cabinet was complete, paper files were maintained in some sort of recognisable order and the drawers didn’t squeak too loudly when you opened them!

Legacy contract management was completely hard copy and based on the premise that procurement would be handled by a team co-located not just with each other, but with the stakeholders they supported. 

Today contract management has the potential to be one of the most critical and impactful activities conducted by procurement. This is partly due to the many changes the modern workforce has gone through. Companies and teams now span the globe, working in distributed offices or even from home. A filing cabinet full of dusty paper doesn’t stand a chance of being considered “good” today.

So what does ‘good’ contract management look like now?

‘Good’ contract management…

Has escaped the filing cabinet and gone completely online

Going beyond the filing cabinets of the past is essential given today’s new workforce trends. But the benefits of taking contracts online are far greater than just accessibility. Out of sight, out of mind as the old saying goes, and if there was one thing filing cabinets did almost without fail it was to ensure that contracts would be forgotten.

Now that contract management is conducted in the cloud, expiration and renewal dates can be set to alert the appropriate points of contact. The same is true for purchase volume thresholds associated with discounts or alternate terms. Contracts are regularly referenced and actively leveraged between signature and expiration, partly because they can speak for themselves, thanks to ‘good’ contract management technology.

Makes legal just as happy as procurement

While procurement and legal may not always see eye to eye or have the same priorities for contract management technology, it is absolutely essential that both teams fully adopt the chosen solution. The maximum value is achieved when red-lining, signature, storage and reporting all happen in one place, and for that to be a reality, legal has to support the solution.

This probably played the greatest role in contract management solutions growing beyond repositories. Quick access to standard language, a clause library and the ability to support eSignatures gives legal meaningful reasons to embrace contract management.

Is an active process that supports additional enterprise efforts

Procurement can achieve so many things through contracts, far more than just designating approved suppliers and specifying prices and service levels or delivery timelines. Companies can invest in, and benefit from, their small and diverse supplier programmes, ensuring that certifications and accreditations are both up to date and documented.

While strategic sourcing and contract management both have a process component and a technology component, the tie is much stronger with contracts. Given the needs of distributed accessibility and centralised data, contract management can not exist without effective technology, let alone aspire to be ‘good’. If all spend brought under management is covered by contracts, then all of procurement’s work should be conducted under, and informed by, contracts.

Supply chain risk can be monitored and mitigated, as can complex regulatory oversight and compliance. Better still, contracts can become a launching pad for innovation and collaboration projects with our most strategic supply partners. All of this is made possible when actively managed contracts create a safe, protected space for business to happen in.

If you would like to know about about Ivalua’s Contract Management Solution, please visit the Ivalua website.

Adventure, Exploration and Gold – Why Supply Chain is the Career of the Future

Time to step out of your silo, get your body and brain ready for the future, and find your inner gold. Catch up with Career Boot Camp to get yourself on the track for the summit.

supply chain career
Photo by Simon Migaj from Pexels

The supply chain profession attracts some of the best minds and biggest thinkers around. Are they drawn to the chance to travel the globe, have diverse experiences and learn lessons from a myriad of people? Are they energised by the idea of finding a role that gives them a broader perspective and makes them a more well-rounded person?

Or maybe it’s the chance to enact real change, set bold personal goals and aim high?

It is, in fact, all of the above. Don’t just take our word for it – these are the thoughts and experiences of the fantastic trainers from Career Boot Camp 2019. Here are just a few of the insights from this podcast series:

Change Your Career Trajectory to Aim Higher

The strange thing our trainers all had in common this year was that they weren’t initially directly involved in supply chain, or didn’t set out for a career in it. But, far from falling into it, three made active choices to change their careers to supply chain.

Dr. Alexis Bateman, Director MIT Sustainable Supply Chain, started out with a degree in Environmental Management Planning and then gained a PhD, but wishes that she had found a supply chain earlier in her career. This view was echoed by Supply Chain Executive, Steve Day, who, after starting out in Engineering and Telecoms, found that his supply chain career was some to “feel energised about”.

And Ron Castro, Vice President, IBM Supply Chain, didn’t gain qualifications in supply chain, but has found that supply chain has opened doors for him around the world, giving opportunities he may never have had otherwise.

Cultivating the Common Habits

All five of our trainers picked up on some key habits from their careers and experience that they have cultivated to reach their own summits. Could you do anything differently in your career in the future?

  1. Be curious – don’t tell yourself you can’t do something. Replace limiting thoughts and see what’s possible.
  2. Don’t believe that you only need training in one area – broaden your perspective, and then bring this perspective into new roles to enhance your expertise.
  3. Be a more holistic thinker – get a rounded experience, have a passion and set ambitious personal goals that allow you to aim high.
  4. Take the chance when it’s presented – it might seem like random chance or something out of the blue, but you won’t know unless you try it.
  5. Keep current but also talk about broader topics than just your area – it will show a broader knowledge that could change the trajectory of your career.

Learn from the Past, Look to the Future

Dr. Karen Darke MBE believes that we should learn from the past, but not to let it define us. Your behaviour and emotions in the moment can actually shape your future, through the power of your mind.

The way you think and feel can impact your own reality. Study of the mind was also part of Professor Moran Cerf’s podcast as he discussed why the human brain might still surpass AI and machine learning. The brain is still one of the most power muscles we have and we should still be training it, just like our other muscles when we, for example, go out for a bike ride!

Whatever trajectory your career is on right now, know you have the power to change this. By applying yourself, training hard (your body and your mind) and setting your sights on what you want to happen, you can be the master of your own destiny now and in the future.

It’s not too late to catch up on all the Career Boot Camp podcasts and access all this great thought leadership. Sign up here now!

From Mountains to Medals – Find Your Inner Gold

How can you accelerate your supply chain career? By finding your inner gold, of course, on Day 5 of Career Boot Camp 2019.

CBC 2019 - Day 5 - Gold

Dr Karen Darke MBE is our coach on Day Five of Career Boot Camp 2019Sign up here to listen to her podcast now.

Ability is a state of mind, not a state of body. 

We all have incredible power within us to change our thoughts, our emotions, and our energy field. We can all learn to be our own alchemist, to transform unwanted emotions or experiences into gold, be creators of our reality, change our performance, our wellbeing, our world.

That’s the powerful message you will hear from today’s podcast guest Dr. Karen Darke MBE. Karen could be described as a modern-day alchemist: an adventurer, athlete, speaker and author all rolled into one. Karen’s purpose is all about inspiring and impacting, about turning challenge into opportunity – finding your ‘inner gold’.

Karen started out as a geologist in the Bolivian Andes researching and searching for gold. But a life-changing accident that left her paralysed led her away from being a ‘rock-doctor’ to a quest to achieve Paralympic gold.

Finding Your Prime in 79

Karen is fascinated by the importance gold has had on her life.  Her gold medal in the sport of hand-cycling in Rio 2016 was the 79th medal for Britain, and 79 being the elemental number for Gold led to Karen creating ‘Quest 79: Find Your Inner Gold’.  

The project has seen Karen cycle 7 continents and 9 rides, raising £79K for Spinal Injuries and encouraging people to step out of their comfort zones and discover their passion, purpose or ability: their ‘inner gold’.

Karen views life as an adventure, and embraces all its experiences as opportunities to learn and grow. She has faced some extreme lows on her own roller coaster, and knows how trauma and life events can lead to fear and pain.  

As a part of her journey, Karen has generated some highs on her roller coaster, exploring and extending the limits of possibility physically, mentally, and emotionally. She has skied across icecaps, kayaked at extreme latitudes of the planet, and hand-cycled the world’s biggest mountain ranges and longest rivers.

She has also extensively explored and studied what goes on inside, from the power of the mind and thoughts to enable performance, to the impact of high frequency emotions to transform and heal. Her career as an athlete and adventurer, combined with her unique studies of mind, wellbeing, and healing make Karen a specialist in transformation.

Finding Your Own Gold

Karen recommends starting with a few simple steps.

  • When difficult or unwanted things happen, hold back from reacting and instead ask “What can I learn from this? How can this make me stronger? How can I use this experience to help myself or others?” Know you are going to learn something useful.
  • Be the observer of your own thoughts, and practice stopping or changing the unhelpful ones. Transform limiting thoughts into curious, expansive thoughts: for example, change “I’ll never manage this” into “This is interesting as I’ve never done anything like this before…I wonder what will happen next.”
  • Develop your self-awareness and take a gardening approach, digging out the unhelpful weeds! (Your mind is the garden, your thoughts are the seeds, you can plant flowers, or you can grow weeds).  This way helps you to stop getting caught up in ‘stories’ and being a victim of circumstances, to become the creator of your reality.

Karen has distilled valuable learning and lessons through her years of experience and study so that she can share them with others. Subscribe or contact Karen at www.karendarke.com/contact to receive information about forthcoming webinars, courses and learning experiences.

Exploring New Places in Your Supply Chain Career

If you thought a career in supply chain meant you’d be working in the same place with the same people for many years to come, think again!

supply chain career

Ron Castro, Vice President IBM Supply Chain is our coach on Day Four of Career Boot Camp 2019Sign up here to his podcast now.

If you thought a career in supply chain meant you’d be working in the same place with the same people for many years to come, think again! 

Ron Castro, Vice President, IBM Supply Chain’s CV sounds more like a global expedition of discovery than a traditional professional career.  Australia, China, Brazil and the US – Ron’s career has taken him to roles in all four corners of the globe.  He even managed to fit in a stint in France along the way.

Work Across the Business

So how did Ron achieve his impressive globe-trotting career?  He attributes his success to an unquenchable thirst to explore and work in every aspect of the business.  “Rotating across the supply chain and your organisation can help to connect the dots,” advises Ron.  Becoming a subject matter expert in all aspects of the work, he believes,  makes it easier to develop a holistic approach.

Ron hasn’t limited his experience to just the world of work.  His involvement in learning and development to support supply chain professionals across the industry, plus a board position on a non-profit organisation, show his thirst for new ideas and different perspectives extends outside working hours.

Ron recommends that supply chain professionals “be involved across initiatives”.  He’s found that this approach helped him to see things from a different perspective – one of the skills that is essential at a time when the world is constantly changing and moving forward.

Don’t be Afraid to Fail

Ron is concerned that “people play it safe and have a fear of failure.”  His career success had been built on taking risks and using trusted early warning systems to course correct if his ideas start moving off track. 

In Ron’s view, far too many supply chain professionals aim to low and achieve unambitious targets.  “Better to shoot for the stars and hit the moon,” Ron stresses.

Your Exploration Road Map

So how can you chart your expedition to supply chain career success?  Ron has seven tips that you can try:

  1. Be bold – set yourself an ambitious target today
  2. Make time for the important things rather than letting urgent things dominate your day – being able to achieve important things will define your career
  3. Take care of your mind and your body – perhaps take up mountain biking like Ron
  4. Be balanced and be a holistic thinker – seek out opportunities to gain insight that can help you join the dots
  5. Build a strong network – connect with as many people as you can inside and outside your work
  6. Skills become obsolete – learning is lifelong not just for when you are at school
  7. Have passion and love what you do – if not find yourself something another role.

Why not start your expedition today by setting yourself an ambitious career goal?  Follow Ron’s chart for success to see where next for your supply chain career journey.

Step Out of Your Silo to Propel Your Supply Chain Career

Are you ready to step out of your silo to share skills and expertise freely with other areas? 

CBC Day 3 escape your silo

Dr. Alexis Bateman, Director MIT Sustainable Supply Chain is our coach on Day Three of Career Boot Camp 2019Sign up here to here her podcast now.

Dr. Alexis Bateman, Director of Sustainable Supply Chain at MIT, believes that a career in supply chain has the potential to be varied and exciting.  “I’ve been able to bring new insights and fresh thinking [to my role] and in some ways I wish I’d found supply chain earlier in my career,” she says. And she is clear that an open approach to ideas and people could be the key to an upward career trajectory.

Many people and Many Views

The variety that’s embedded in a career in supply chain comes, in part, from the departments of the organisation with which the function needs to interact. Alexis loves the way that this collaboration exposes her to many different points of view. “I’ve been fortunate to be able to interact with so many people,” she says. “Almost everyone has something to teach me.”

Alexis describes her sustainability and supply chain role at MIT as one of working with people from different disciplines who have a variety of conceptual experiences. She believes that working across organisations can really help us to think more broadly about issues and projects.

The opportunity to work in a team with many perspectives is something that Alexis sees as being a key part of a supply chain professional’s role. From engineers, technicians, analysts, and strategists, every discipline and perspective can be part of a supply chain team. Close collaboration and problem solving, she says, is just what’s required when you’re working to improve sustainability.

When she’s leading teams at MIT, Alexis’ role is to make sure these roles are aligned, and voices are heard equally. In her experience, “all voices are there for a reason and unique perspectives can push a project forward or enable the team to think of something really innovative.”

Get Out of Your Silo

“A silo view of the organisation and consequently the topics covered in learning and development is the wrong way to progress a supply chain career,” warns Alexis. She advocates against a heads-down, staying in your comfort zone approach. In her experience, where someone broadens out their perspective to think about how they can apply their expertise and knowledge, a range of opportunities to progress will appear.

Alexis urges people to think more broadly about what they do next. “In supply chain, expertise can really be moulded to different positions,” she reports. And the good news is that, in her experience, having an open mind can be a chance to advance your career.

Thinking about your supply chain career trajectory is something that Alexis would encourage all supply chain professionals to do. Supply chain looks at the organisation from many different perspectives: sustainability, logistics, procurement, last mile, and this means that are many roles where different expertise is required.

“There’s so much upward mobility in supply chain,” she says, “from Chief Supply Chain Officer all the way to the CEO.” Alexis is optimistic about the opportunities that are out there for supply chain professionals who love variety and are prepared to broaden their experience and their skills.

Making Variety Part of What you Do

So how can you seek escape the silo and understand the world and the variety of opportunities out there? Alexis has these tips that you can use to embed the search for different into your routine:

  1. Read a lot – try to fit lots of reading into your life;
  2. Read daily – set a slot aside each day when you make time to read;
  3. Read about different subjects – it doesn’t always have to be about supply chain;
  4. Listen to podcasts – they’re a great way to absorb new information particularly when you’re on the move.

Why not embrace variety into your life by becoming a reader and podcast listener? Follow Alexis’ tips to unlock the potential for success in your supply chain career that could take you right to the top.

Supply Chain Hack – Get to Know Your Brain

Could the human brain be augmented in the future to the benefit of supply chain? Find out on Day 2 of Career Boot Camp 2019!

Career Boot Camp 2019 - Day 2 Brain

Professor Moran Cerf is our guest on Day Two of Career Boot Camp 2019Sign up here to listen to his podcast now.

Do you sometimes wish you could upgrade your professional performance to the next level by simply inserting a micro-chip into your brain with the supply chain skills you need?

Professor Cerf started out in the depths of the cyber world as a hacker, spending 15 years cracking the secrets of computing’s black box.  His career took a different course when Francis Crick, of DNA discovery fame, gave him some career advice.  Moran recalls that his mentor encouraged him to move away from focussing on computers and  “apply his expertise to the most complex black box in the world,” the human brain.

We’ve all heard of the concept of ‘biohacking’, where people make small, incremental changes to their diets and/or lifestyles, resulting in changes to health and wellbeing.  At one end, this can be as simple as reducing your sugar or caffeine consumption.  At the other, perhaps more extreme, end it can involve the use of technology, gadgets or implants designed to ‘hack’ your biology to improve yourself.

Moran is fascinated about the way the brain solves problems, imagines the future and even composes music.  He thinks we may never fully understand the processes inside our heads but he’s excited about the ways that machine learning can mimic the brain and potentially augment it.   

Consider how this could be used to improve the day-to-day lives of billions of people. Could the future hold a time when we have a microchip inserted to augment our brain to become a Human 2.0?  Could this be applied to help our brains do the analytical things we need to do in supply chain?

Playing to your Cerebral Strengths

One piece of Moran’s research, in partnership with Red Bull, sought to identify why some people perform better than others.  How do some people manage to carry on while others give up?  The research team “wanted to see whether we could tap into the part of the brain that regulates performance.”

And it turned out that it was possible to identify the conditions when performance started to dip.  By monitoring the reaction in the brain in the seconds before a person gave up, the research team could send trigger to give a performance boost.  The brain would then react to increase performance and improve motivation to carry on with a task.  Moran’s team’s findings were clear – “There is always the potential to do more and do it better.”

Moran advises Boot Camp participants to think of  the brain as a muscle whose performance you can improve. “The key,” he tells us, “is to play to your brain’s strengths and carry out tasks at times and condition.” 

Five Steps to Improve Your Self-Control Muscle

How can we get into the neuro-science gym and practice the professor’s spin class for our brain? He has five steps we can take to improve our brain performance:

  1. Identify the key activities you do in your role and keep a diary to capture data about the times of the day when you carry out these activities
  2. Review your performance each day – did you do these activities well, were there any factors that influenced your performance?
  3. Identify the times of the day and conditions when your performance in each activity has been the best.
  4. Align your schedule so that you do these activities at the time of day that works best for your brain

Why not kick-start your training today by running through these steps, starting your very own diary and seeing if you get even more than you thought possible from your brain?

And what better way to start than by listening to the Professor himself on our Career Boot Camp 2019 podcast series!

Your Supply Chain Career: A Path to Adventure

If it’s adventure you’re looking for, look no further than supply chain for your career choices. Find out why on Day 1 of Career Boot Camp.

Career Boot Camp 2019 - Day 1

Stephen Day is our coach on Day One of Career Boot Camp 2019. Sign up here to listen to his podcast now. 

Are you sitting at your desk dreaming of a supply chain role that can take you far-away places and foreign lands? Do you wish that your job included the opportunity to try new things and work in different roles?

Stephen Day’s career journey certainly hasn’t seen him stuck in a rut with his wheels spinning. He’s worked in a range of industries and a variety of roles across the globe and attributes his career success to thirst for knowledge and the absence of a fear for the unknown.

Stephen has made many changes in his career. After starting in engineering, Stephen pivoted to telecoms and, after a decade, made another switch to educational publishing. He found the skills and knowledge he’d gained in each industry could be easily transferred to new sectors and new roles.

Break the Habit of Fear

“People can get into bad habits that are not helpful,” Stephen advises. “They can get so wedded to the salary that they end up really miserable – our careers are relatively short – we need to do the work where we feel energised and can make a difference.” 

Fear, Stephen warns, can keep people stuck in the wrong roles.

But the good news is that a career in supply chain has never looked better. There are plenty of great supply chain roles for professionals that want to make the change and who have the skills and capabilities to take on a new role.

The opportunity to work with a variety of new leaders will provide chances to learn and grow. Stephen is grateful that that he’s been able to work with great leaders and thinks that this is an important part of any supply chain professional’s career journey. “Are the people you are working with inspiring you?” he asks.  If not, perhaps it’s time to make a change.

Luck is Not a Random Event

Stephen favorite piece of advice comes from the Greek philosopher Seneca: “Luck is what happens where preparation meets opportunity.”

He’s always seeking out new ways to be prepared. Over the years, Stephen’s efforts to keep current and up to date have enabled him to have broader conversations at all levels of the organisations in which he has worked. Building his credibility meant that when he sought to implement transformation and change, senior leadership were ready to listen to his ideas.

Three Steps to Build Bravery for your Career Adventure

To make sure that your acts of career bravery and an appetite for adventure aren’t foolhardy, Stephen has these three tips for you to try:

  1. Find ways that you can keep up to date with issues in your industry;
  2. Volunteer for difficult projects when they arise – organisations like people who are prepared to do the hard stuff;
  3. Develop your network so that people think of you when opportunities arise.

Why not take the first step to build your network on Procurious by reaching out to other supply chain professionals today? You can start with Stephen Day as your first step to grow the connections in your supply chain network!

Pedal Hard, Reach the Top – Career Boot Camp 2019

Does your career need a boost to reach the top? Jump back in the saddle because we’ve got the solution for you – Career Boot Camp is back for 2019!

Imagine it is 2030. You are the Chief Supply Chain Officer of a $30 billion sustainable supply chain, and through using technology, gadgets and even implants, you structure your work day and round your peak performance levels. Is it a dream? Maybe. But you can start building this future reality next week with Procurious’ Career Boot Camp 2019.

We have curated some of the greatest global minds in supply chain, artificial intelligence, motivation and sustainability to give you a powerful push start towards the highest peaks of the supply chain profession.

Over 5 days next week, we’ll be sharing insights and learning from some of the freshest thinkers around in our no charge podcast series!

Introducing our Trainers

We have an incredible line-up of trainers for Career Boot Camp 2019. Just in case you haven’t had a chance to look yet, here’s a quick introduction:

Day 1 – Steve Day, Supply Chain Executive

The beauty of a career in supply chain is that you get to visit all sorts of exciting places and gain a wide range of experience from across the globe! And that’s exactly what our first Career Boot Camp 2019 trainer has done.

Steve Day is a Supply Chain Executive with expertise in Operations Management Supply Chain, Purchasing, Multi-Country Transformation and Change . Steve has led a number of operational transformations and developed new business models to support enterprise wide evolution from product to services and software revenue models.

His experience in the implementation of innovative approaches to existing business models, harnessing the power of the supply chain, has led him to senior positions helping a number of major organisations spearhead their digital transformations. We’re excited for him to share some of his career lessons with us!

Day 2 – Professor Moran Cerf, Neuroscientist, and Business Professor at the Kellogg School of Management

On Day 2 we will hear from Professor Moran Cerf, who will help learn how to get the peak performance from our brain. His research helps individuals and businesses harness the current knowledge of the brain to improve thinking and understanding of customers and business decisions.

Dr. Cerf’s academic studies apply methods from neuroscience to further understand the underlying mechanisms of our psychology, behavior changes, emotion, decision-making and dreams. In his acclaimed work, he studies patients undergoing brain-surgery by recording the activity of individual nerve cells using electrodes implanted in the patient’s brain. His work offers us a novel way to understand our psyche by observing the brain directly from within.

Day 3 – Alexis Bateman, Director, MIT Sustainable Supply Chains

Dr. Alexis Bateman’s work at MIT focuses on one of the exciting areas of supply chain impact – sustainability. In her work, Dr. Bateman studies supply chain sustainability through research, education, and outreach. She has engaged closely with industrial partners, public agencies, global governance organisations and non-governmental organisations.

Through MIT Sustainable Supply Chains, Dr. Bateman helps to bring together researchers from across MIT to examine the issue of supply chain sustainability, engaging on educational initiatives, research with industrial partners, and outreach to advance the knowledge around supply chain sustainability.

Day 4 – Ron Castro, Vice President, IBM Supply Chain

Do you dream of one day running one of the world’s leading supply chains?  Do you want to know what it takes to get to the top? On Day 4 you can listen and learn from an amazing global supply chain leader.

Ron Castro is responsible for all strategy, execution and transformation of IBM’s global end-to-end supply chain, delivering to clients across more than 170 countries. This transformation is inclusive of thought leadership, global talent development and is supported by a culture of engagement, agility and innovation.

Castro is leading the digital and cognitive transformation for supply chain leveraging emerging technologies to build transparent, intelligent and predictive supply chains at scale.

Day 5 – Dr. Karen Darke MBE, British Paralympic Gold Medal Winning and World Champion Hand-Cyclist, Para-triathlete, Adventurer and Author

We will finish the week on a real high, learning from an Olympic gold medalist how we all have incredible power within us to change our thoughts, our emotions, and our energy field.

After becoming World Para-triathlon Champion in 2012 and winning Paralympic Gold in hand-cycling at Rio 2016, Karen has hand-cycled to all four corners of the world, including Central Asia and the Himalayas, the Karakoram and the length of the Japanese archipelago.

As a coach and facilitator, author, speaker, and broadcaster, Karen works regularly with young people, schools, businesses and other organisations particularly on the subjects of challenge, change, resilience, sustainable wellbeing and maintaining a positive mental state. Her latest book, “Quest 79: Find Your Inner Gold”, is a collection of short stories and positive psychology tips, all based around her own experiences and life.  Karen aims to help Bootcamp participants find their inner gold.

Career Boot Camp FAQs

How could you not to be inspired by that group? If that’s got you motivated already, then make sure you sign up right now to access the podcasts as they go live. Here are the key things you need to know about how the Career Boot Camp 2019 podcast series works.

  • When does Career Boot Camp take place?

Starting on the 11th November, Career Boot Camp will run for five days. The podcasts will be accompanied by daily blogs from our Supply Chain Career Coaches plus group discussions and articles on Procurious.

When the series is complete, all five podcasts will be available for registrants via the Procurious eLearning hub, FREE of charge.

  • How do I listen to the Career Boot Camp podcasts?

Simply sign up or log in and you’ll be re-directed to the Supply Chain Pros group where you can access all five podcasts. You will also join a mailing list, which will alert you each time a new podcast is released.

  • How will I know when each podcast is published?

The series will run for one week, starting on November 11th, with a podcast released on Procurious each day. We’ll drop you an email to let you know as each podcast becomes available.

  • Why should I take part in Career Boot Camp every day?

Dedicating 15 minutes a day to developing and progressing your supply chain career can make the difference between standing still, or sprinting into more impactful roles. At Procurious, we firmly believe that daily learning is essential for career advancement. And Career Boot Camp will help you get into the habit!

Don’t delay, sign up now and unleash your inner Olympian or Grand Tour winner! Before you know it, you’ll be out of the career valleys and heading for the very highest peaks of the supply chain profession.

Don’t Be a Good Place to Work – Aim for Great

Is your organisation a great place to work? Going from good to great could unlock huge benefits and it’s not as hard as you think.

great place to work
Photo by Helena Lopes from Pexels

This article was written by Jim Beretta. This article was  originally published on Customer Attraction and LinkedIn.  

What is one of the best ways to grow a successful business? That is a constant dilemma for CEOs. Of course you have to have a great product or service. Your pricing has to make sense. You must be timely when attempting to solve your customer’s pain. You must build a memorable brand and communicate your brand story.

There are lots of elements in the secret sauce of creating a successful company. A company that people want to work with and to work for. And what is the purpose of starting a company or growing a company? Who are you serving: customer, stakeholders, employees? It is a bit of a chicken and egg question.

But there is a big difference between being an okay company, a good company and a great company. And becoming a great company to work for should be one of the CEO’s top priorities. You want your employees out there saying: “This is a great place to work!”.

When you are a great place to work, the effort and cost of hiring comes way down. You are able to attract top talent and retain them, and that is half the battle.

Start with Management

Your managers are the one of the keys to making your company a place where your employees are happy to come to work everyday. Give them responsibilities, accountabilities, manage to their objectives and cut them loose. Don’t micro-manage them. Set the expectation that they will in turn, do the same for their own staff. No one wants to be micro-managed and successful managers don’t have the time.

Get Picky: Put Recruitment Effort into Hiring the Right Employees

Look for people with passion. Passion for anything! Trained and supported, people with fire in their belly will transfer that go-getter attitude to your workplace. Look for patterns of initiative in past roles, school or community work. Skills can be taught. Experience can be acquired. Invest in your staff for the long term. They will return that investment many fold.

Get Comfortable Hiring Millennials

No matter what you read or hear, Millennials are not really that different from any other demographic group. They have their challenges, but in my experience, those are far outweighed by what they have to offer. Embrace their characteristics and turn them into assets.

Figure out where a Millennial might shine in your organization, give them challenges, stretch their goals and watch them lead. By 2020 this population will make up 50 per cent of the workforce. Put effort into hiring, training and retaining this cohort and this is your competitive advantage.

Treat Your Employees Well

One of our local large employers has a “First Day” policy. Your first day on the job at this company was a celebration. They made it an experience. It was part of the corporate culture of being employee-focused. Did it help them attract employees? Absolutely it did; who would not want to work with a company that celebrated their employees?

Another company in our region allows you to bring your pet to work. Is this problem free? Doubtfully, but for them, the benefits must outweigh the costs, I think, as I share the elevator with a poodle.

Company Culture

There’s something important we’ve forgotten about work: how to have fun. Your employees need a place of trust, of balance, with a sense of humor. We’ve forgotten that work is, or could be, or rather, should be, a community. Employees spend at least one-third of their lives at work.

Workplaces need to remember that their employees have lives outside of work and not grudgingly acknowledge it, but celebrate it. Their families, their partners, their hobbies and pastimes and their volunteer communities. They are proud of these and you should be too.

Brand

We are more brand-aware today than ever before. We all have brand affinities, we wear icons on our clothing, we talk about brand preferences and are acutely aware of brands when we shop or when we choose not support certain brands. CEOs need to think about their corporate brand and brand citizenry.

When employees can be invested, excited, and proud to tell people where they work, they’ll be more inclined to stick around for the ride and tell everyone they know about it.

Connection

Our employees need a connection to the big picture. They need to understand the mission and the vision for the company and how that translates into the goals, and to answer the question “Why are we doing this”? They need to know where their own work fits into realising the company goals and how what they do everyday supports their managers and the CEO.

On the question of who you are serving when you start or grow a company, I am going to go with employees. Without great staff, without motivated employees, there is no innovation, invention and loyalty. Your customers and stakeholders know this and if they don’t, they will. And isn’t that the reputation you want.

Jim Beretta is a strategic marketer and President and CEO of Customer Attraction. He consults companies, manufacturers, associations, technology start-ups and governments across North America and Europe.

Blockchain: Supply Chain’s 21st Century Truthsayer

No-one can predict the future. But we could all use a truthsayer to help us protect ourselves in the here and now…

Photo by Mitya Ivanov on Unsplash

In most supply chains, communication is point-to-point and one direction. There is no single, shared record of events across multiple parties. This is no longer an efficient or effective way to do business and most organisations know this.

And where there is no single point of truth or shared records, trust in supply chains and from consumers can be eroded. What procurement and supply chains need is a solution that can deliver data, but also be unimpeachable.

But how to solve this issue and penetrate the dense forest of new ideas and myriad technologies all offering to be some form of truthsayer?

A Truthsayer in our Midst?

New technology is, however, transforming that linear disconnected approach, and providing momentum to the movement for mature supply chains to operate in a “network of networks”.

By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital. With blockchain, organisations can shine a light on the provenance of their goods, but also earn the trust of consumers by proving the safety and traceability of the goods. And in a fast-paced environment, those organisations who don’t engage with blockchain face the reality of being left behind.

From farm to plate, the food supply chain can now be tracked in an open, transparent, fully traceable and entirely digital way. But what has started out in the food supply chain has all the applicability we need to cover all supply chains. Everywhere.

How then do we get involved? And how also do we sell this concept to a probably sceptical organisation (and budget holder…)?

Join our Webinar

Help is at hand in the form of Procurious and IBM’s latest webinar, ‘Blockchain – Supply Chain’s 21st Century Truthsayer’.

Sign up now to join our panel of experts at 14:30pm (BST) on Tuesday the 15th of October:

  • Tania Seary, Founder, Procurious
  • Shari Diaz, Innovation Strategy and Operations Program Director, IBM Watson Supply Chain
  • Professor Olinga Ta’eed, Director of the Centre for Citizenship, Enterprise and Governance

In the webinar, you’ll hear from a panel of experts on a range of topics including:

  • The importance understanding products’ provenance in your supply chain;
  • The link between successful blockchain adoption and rising consumer confidence;
  • Success stories from across the globe in blockchain implementation; and
  • How to start the conversation in your organisation to get the ball rolling.

FAQs

Is the Blockchain webinar available to anyone?

Absolutely! Anyone & everyone can register for the webinar and it won’t cost you a penny to do so. Simply sign up here.

How do I listen to the Critical Factors webinar?

Simply sign up here and you’ll be able to listen to the on-demand. 

Help – I can’t make it to the live-stream of the webinar!

No problem! If you can’t make the live-stream you can catch up whenever it suits you. We’ll be making it available on Procurious soon after the event (and will be sure to send you a link) so you can listen at your leisure!

Can I ask the speakers a question during the Blockchain: Supply Chain’s 21st Century Truthsayer webinar?

If you’d like to ask one of our speakers a question please submit it via the Discussion Board on Procurious and we’ll do our very best to ensure it gets answered for you.

Don’t Miss Out!

This webinar promises to provide a fascinating insight for all procurement professionals into the wealth of possibilities that Blockchain has to offer procurement.

Make sure you don’t miss out by signing up today!