The Coronavirus presents us with one of the first global challenges of the ’20s. Resources are being spread thinly as people try to mitigate risks and carry on with business as usual where possible. Questions about the viability of keeping schools open and whether...
Good procurement, at its core, is all about process improvement, so your procurement practises should, in theory, run like a well-oiled machine, with each action working in synchronicity. If your business is following poor procurement practises that are losing you...
Having a clear view of your supply chain is something that every business should be prioritising, but unfortunately, many of them do not. This is for a range of reasons, but generally, mapping your supply chain past your first-tier suppliers can be a challenging and...
Why spend analysis should be part of your training Spend analysis should be a core component of every procurement strategy. When it is conducted effectively, costs are lowered, supplier relationships are improved, and levels of efficiency increase. However, to...
What’s the importance of category management in procurement? We all know the importance of having a clear procurement process to manage our business’s spend, but where does category management in procurement enter the fray? In business, it’s widely used as a...
While almost every business relies heavily on procurement to run and be successful, many only scratch the surface of cost optimisation while maximising on efficiency. This doesn’t mean that the cost of procurement is unimportant to businesses. In fact, research shows...
