To focus on savings alone is to sell procurement short and miss out on its potentially game-changing capabilities. A good procurement team can save your business money. This goes without saying. Savings are for procurement what risk mitigation is for legal, innovation is for R&D, and new business is for sales. They’re table stakes, just … Continue reading Procurement Can . . .
We asked a number of procurement leaders to reveal the procurement term they would most like to ban, for good! Every procurement professional has a different opinion on the terms that should and shouldn’t be used in their day-to-day working lives. Some terms are loathed because they undervalue the huge contributions procurement make to the organisation. … Continue reading 4 Terms We Should Ban In Procurement
Advanced procurement functions, and the CPOs that lead them, can make a significant and lasting impact on the success of their companies, but only by focusing on the real value and innovation that suppliers can bring… There’s no doubt that procurement enjoys a privileged position in a company’s value chain. Sitting between a network of … Continue reading 3 Ways Procurement Can Make A Lasting Impact On The Organisation
Procurement has not only great power, but also great responsibility to help drive social change. And embedding social value in tenders is only the start. “No fundamental social change occurs merely because government acts. It’s because civil society, the conscience of a country, begins to rise up and demand – demand – demand change.” Former … Continue reading Time to Tune into the Real Social Network
Vishal Patel explores the difference between direct and indirect spend across three different industries… The most fundamental spend categorisation in procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. Whether spend is direct or indirect, supplier … Continue reading A Cross-Industry Look At Direct vs Indirect Spend
How much should you pay for using music in a commercial? Around 70 per cent of TV commercials use music in one form or another. That is a lot of music. And a lot of money being paid by brands and their agencies to the music industry. Procurement departments ask us three questions: Can you … Continue reading What Every Procurement Professional Needs To Know About Music
Travel is complex, costly, affects the vast majority of your organisation’s employees, and everyone has an opinion on best practice. It is also one of the most “mature” categories managed by procurement professionals. So why so many challenges? Travel was one of the very first categories ever formally managed by procurement. It is what I like to call a “mature … Continue reading Rush Hour: High Risk, Hidden Costs and Unexpected Travel Spend