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How Can Procurement Navigate Consumer Sustainability Trends?
Consumer habits have long influenced initiatives set by global organisations. This is definitely true of measures that focus on sustainable and ethical sourcing. While over 70% of organisations have defined sustainability commitments—largely to meet government regulations and reduce risk—new trends in consumer demands have required businesses to shift focus and consider how their procurement practices … Continue reading How Can Procurement Navigate Consumer Sustainability Trends?
Supply Chain and the Macro Environment – Social Inequality
Global Supply Chains are subject to a number of external factors that they have little or no control over. But could they play more of a positive role fighting social inequality and poverty? The Macro Environment has a significant and on-going impact on business and global supply chains. Over the past few years, this impact … Continue reading Supply Chain and the Macro Environment – Social Inequality
Must-have Trends to Include in Your Next Procurement Strategy
We are working in an “issue-rich” environment, with so many different trends hitting our businesses, it is more difficult than ever to work out which trends we should consider in our procurement strategy. A well-thought-out procurement strategy defines and prioritises key actions and new approaches in thinking to ensure effective, strategic and fiscally responsible procurement … Continue reading Must-have Trends to Include in Your Next Procurement Strategy
The Importance of Automation, AI and Emerging Technology for Procurement
Most procurement and supply chain leaders are aware of the pivotal role technology-driven strategies can play in driving efficiencies across all sides of the supply chain, including sourcing, purchasing, production, distribution and payment. As the drumbeat of digitisation grows louder, the question is not whether or even when to digitalise but rather how to do … Continue reading The Importance of Automation, AI and Emerging Technology for Procurement
Diversity in Procurement: Procurement’s Next Generation
As with many other professions, Procurement is rapidly approaching the time where the torch is passed to the next generation. But is the next generation ready for it? There’s no escaping it, we’re all getting older. According to the World Health Organisation (WHO), the pace of population ageing is speeding up, meaning an increasing number … Continue reading Diversity in Procurement: Procurement’s Next Generation
The Power of Persuasion: Cultivating C-Suite Confidence in Procurement
Once viewed solely as a cost-cutting mechanism, the enterprise and C-level awareness of procurement as a key contributor to organisational success is on the rise. The traditionally narrow interpretation of procurement’s value – ruled by cost optimisation and profit and loss (P&L) statements – is finally being replaced by a more nuanced understanding. Procurement’s deep … Continue reading The Power of Persuasion: Cultivating C-Suite Confidence in Procurement
Mistakes Procurement Professionals Make When They’re Overwhelmed
With the current economic conditions, it’s no secret that many of us are being asked to do more with less. In the short term, this can feel like an interesting challenge: just how far can we, as procurement professionals, stretch ourselves? But in the long term, it can feel anything but. Continued pressure, more work, … Continue reading Mistakes Procurement Professionals Make When They’re Overwhelmed
These Distractions Derail Meetings – Here’s What to do About Them
Meetings. They’re a constant in our lives, so much so that the average professional spends 35% of their working hours in them, and attends at least ten separate meetings per week. And while we all get a lot out of a good meeting (the type where you walked away informed, inspired, and able to take … Continue reading These Distractions Derail Meetings – Here’s What to do About Them
How to Tell your Procurement Boss you Have too Much Work
It’s not uncommon for procurement professionals to have a lot of work on their plates, and sometimes, simply too much work. Many procurement professionals are already burnt out, with many more on the verge of quitting. WIth procurement in the throes of the great talent shortage, no manager anywhere wants you to quit, despite … Continue reading How to Tell your Procurement Boss you Have too Much Work
How to Keep your Poker Face During Tense Procurement Moments
In procurement, there’s a million and one reasons you might need to hide your emotions. Perhaps, for example, you’re negotiating a favourable deal with a supplier, but, for whatever reason, you don’t think you have the upper hand. Or perhaps you’re negotiating for a promotion or a pay rise, yet you’re suffering from a crippling … Continue reading How to Keep your Poker Face During Tense Procurement Moments