INSIGHTS

Commentary and key developments in Procurement

How bad is the Coronavirus for your procurement?

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...

Four tips for making mapping your supply chain easy

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 staff training

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...

Factors Affecting Procurement Cost Optimisation

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...

What do SMEs need to know about procurement?

There are several reasons why SMEs should know more about procurement. However, many small businesses do not recognise the need to implement procurement processes until they grow much bigger. In fact, research was recently conducted into 260 UK businesses to find out...

7 Benefits of Hiring a Process Improvement Consultant

Have you considered what a process improvement consultant could do for your business, or what they even do in the first place? Think about what a successful business looks like to you. The chances are it’s one with high levels of efficiency and productivity, as well...

Could Supplier Mapping Reduce Risk and Protect Profitability?

It’s undoubtedly an uncertain time for the UK. Uncertainty is increasing the level of risk facing most businesses and the fragility of EU-UK supply chains and the importance of supplier mapping is more pronounced than ever. According to a Deloitte Survey from 2014,...

What are the Benefits of Investing in Procurement Training?

Procurement underlines a great deal of what we do in business. If we want to expand, we have to invest; if we invest, we want to see a good ROI. Procurement can make or break a business. When done well, it cuts costs and increases the bottom line, if managed badly,...

How 5 Simple Steps Can Reduce Risk in Your Business

How do you reduce risk in your business? According to the 12th Annual Global CEO Survey, 92% of CEOs agree that information about risk is important or critical to long-term success. Only 23% reported having a comprehensive knowledge of the potential risks to their...

Deliver Sustainable Profitability Through Effective Procurement

Goods and services purchased by a business can account for 70% of a company's total expenditure, and we all want to reduce that cost. However, for many companies, work pressures and a lack of resources can lead to a focus on trying to save money on specific items,...

How Supplier Innovation is Essential to a Successful Business

Supplier Innovation Innovation - including supplier innovation - is an essential part of any successful business. Keeping products, practises and processes the same as they have always been because they worked in the past carries no guarantee that they will continue...

The Pros and Cons to Implementing eProcurement in Your Business

eProcurement This article should provide you with a clear insight into the pros and cons of implementing eProcurement. If you're interested in eProcurement, you should know why you want it, how it’s going to benefit you and improve the running of your company. After...

Use Your CSR Report to Grow Your Business

How Procurement can support your CSR How's your sustainability report? Have you completed your Modern Slavery policy reporting? Are you reporting the gender pay gap? Maybe you're still consumed with Health and Safety reports? Sustainability reports have drastically...

How to Implement Better Contract Management

Ask a business leader about contract management. They will probably tell you about late-night negotiations, arguing with lawyers, red-lining documents and disputing who did what when something fails. What they probably won't know and won't talk about is the number and...