Procurement professionals need to think in more innovative ways about how we can drive competitive advantage and shareholder value for our organisations. In my recent article, I talked about “the Art of Procurement”, and suggested that the time is right for procurement to move beyond our traditional focus on transactional improvement and basic cost reduction. … Continue reading New Goals for Procurement – Driving Revenue Growth Through Supplier Collaboration
How does an organisation know that the procurement initiatives, projects, efforts really result in a quantifiable benefit to the business? As both a former CPO and consultant, I’m often asked about the strategies I have employed to grow, reach and deliver results. Yes, I can tell you stories from past lives of wooing reluctant stakeholders … Continue reading Procurement Pros: You’ve Got A Friend In ROI
Where supply chains are already complex, increased visibility throughout the supply chain and closer monitoring of risk are becoming more common… In 1992, Yoshihiro Francis Fukuyama, the American political scientist and author, published the much-praised The End of History and the Last Man, which suggested that the spread of liberal democracy and free-market capitalism meant that … Continue reading How To Seize The Opportunities and Manage The Risks
How can virtual card payments improve the procurement experience? Traditional card-based solutions link one card to one individual. Virtual card solutions, on the other hand, link one ‘virtual card’ to one transaction. It’s a technology that has the potential to add real value to corporate payments – especially as controls on credit limit and dates … Continue reading Forget Procure-to-pay – The Future Is Procure-AND-pay
An upgraded operating system (OS) takes the procurement function out of the traditional back-office role, and into that of a valued strategic business partner. That little flag in the corner of your laptop screen, the red exclamation mark on your phone, the middle-of-night system message. You know what it means- it’s time to upgrade … Continue reading 4 Factors To Consider When Upgrading your Procurement OS
ISM CEO Tom Derry urges procurement leaders not to let perfect be the enemy of good – make decisions and move on! When Tom Derry, CEO – ISM attended Procurious’ Big Ideas Summit in Sydney this week he came armed with a stark warning for the procurement professionals in attendance. “If you’re the steward of … Continue reading Why Quick Decision-Making is the Name of the Procurement Game
Strap yourselves in – we have HOURS of fantastic video content from the Sydney Big Ideas Summit to share! Missed out on the action at #BigIdeas2018 Sydney? Never fear: you can still catch videos, top speaker quotes and more right here on Procurious. Simply opt in to the Digital Delegate group here. Here’s a taste … Continue reading ALL the video content from #BigIdeas2018 Sydney!