The Thomas Blog

Procurement

Do You Have What It Takes To Be A Successful CPO?

It takes a lot of skill to become a successful CPO. Not only do procurement leaders need to understand how globalization affects their department, they also need to stay up to date on emerging procurement technologies and evolving business standards. But what makes the difference between an average CPO and a CPO that goes above and beyond? 

Read More »
Manufacturing and Industrial

Can A DDoS Attack Impact The Supply Chain?

Last week, an unprecedented cyberattack crippled many popular websites — including Twitter, Netflix, PayPal and Reddit. While the size and breadth of the attack made lots of headlines, the truth is that similar cyberattacks are waged every single day, and they could pose a risk to your business or your supply chain.

While there is no way to completely mitigate the risk of a cyberattack like the one carried out last week, understanding the nature of the attack and taking a proactive approach to cybersecurity, can prove helpful — especially as businesses (and even factories) become increasingly connected to, and reliant on, the web.  

Read More »
Procurement

4 Lean Procurement Strategies For Small And Mid-Sized Businesses

Many small- and mid-sized businesses (SMBs) don't have dedicated procurement teams in place. In fact, thanks to limited resources and tight budgets, sourcing responsibilities often fall on the shoulders of one or two individuals — many of whom juggle responsibilities other than procurement. As a result, monitoring existing contracts and sourcing best-in-class agreements can be a tremendous challenge for these SMBs.  

So how can SMBs optimize their procurement efforts despite the lack of resources? The key is to be Lean.

Read More »