Indirect spend is a notoriously difficult area to bring under control, but it also offers enormous saving potential … if you can get it right! There’s a lot of buzz online at the moment about indirect spend because we’re barrelling towards one of the major events for indirect on the U.S. procurement calendar: ISM INDIRECT2018. … Continue reading 5 Challenges in Indirect Procurement
The recent cases of tragic deaths caused by food allergies has opened afresh the debate on fully transparent supply chains. Many of you will have seen or read news reports in the past couple of weeks regarding the tragic deaths of two women due to severe allergic reactions to eating pre-prepared food. In both cases, … Continue reading Food Allergy Deaths Avoidable With Blockchain
Manufacturing and procurement technology has moved so fast in recent years that it’s entirely possible the trusty maturity assessment you’ve always used is now hopelessly out of date. The other day, someone showed me a quiz from a 1960s Cosmopolitan with a title along the lines of How Good a Housewife Are You? The subject-matter, … Continue reading Why Out Of Date Procurement Models Are Worse Than Useless
Do you want to leverage big data in procurement but are unsure how to article the benefits? Here are four ways data analytics is changing the procurement profession. 1. Supply Chains Will Be More Transparent Data analytics will make it possible to have visibility of more factors than humans could ever analyse on their … Continue reading Procurement 101: Why We Need Data Analytics
Software supply chain cyber attacks look set to be one of the biggest cyber threats facing organisations in the coming years. This week, the US intelligence community issued a new warning regarding future attacks… The US intelligence community has issued a new warning on cyber attack risks. The Foreign Economic Espionage Report, which was published … Continue reading Supply Chain Cyber Attacks On The Up
In the past five years luxury retail brand Burberry has burned more than £90m worth of stock. What’s the justification? British fashion giant Burberry hit the headlines this week as it was revealed, in its 2017/2018 annual report, that it has set fire to over £28 million worth of products. According to the BBC, this … Continue reading Burberry Under Fire Following Reveal of Mass Product Burn
How can procurement professionals learn from the tragic events at Grenfell tower in June 2017? It’s just over a year on from the Grenfell Tower fire, which claimed the lives of 72 people and marked the UK’s worst residential fire since World War Two. With the Grenfell Tower Inquiry ongoing; there are still so many unanswered … Continue reading One Year On: Has Grenfell Changed Procurement?