By Erica Bosio (Program Manager of the Growth Analytics, Development Economics Vice Presidency at the World Bank) and Simeon Djankov (Director, World Development Report 2019) Public procurement — the process by which governments purchase goods, services and works from the private sector — amounted to $11 trillion out of global GDP of nearly $90 trillion […]
Global GDP: How large is public procurement? Read More »
By Gordon Reid, Lead – Transparent Procurement Advisory Programme One of the first things that I learned when I started my unplanned career in Procurement is that you cannot do it alone. Besides the team that you work with, you also need support and buy-in from people across all departments of the organisation for Procurement
Procurement: You can’t do it alone! Read More »
When companies think about security, it is usually about securing their networks, software and digital assets against cyber-attacks and/or data breaches. But, in supply chain – whether it is a vendor used for facilities management or for cloud hosting – almost every organisation depends on a growing supply chain of services, creating an eco-system of
Managing Supply chain cyber risks Read More »
While it is true that you often have to spend money to make money, optimising every cent by tapping into the power of spend analysis creates significant savings opportunities compared with flying blind and having no visibility on your spend. To get an optimal return on your investment, it pays to understand and implement effective
How procurement spend analysis can cut costs Read More »
Rogue purchasing can cost you plenty. PurchaseControl unpacks the implications of maverick spend and how you can tackle it.
How can maverick spend hurt your company? Read More »
Supply management organisations have tended to ignore tail spend, considering it non-strategic. But as they realise the cost savings that can be derived, organisations are becoming more aware of their tail-spend management problems and are looking into solutions.
Making headway in tail-spend management Read More »
By Nicolette Emmino We were not even at the end of Quarter 1 of 2020 when tariff wars seemed to be the least of our problems. Even before the coronavirus started to disrupt supply chains, procurement analysts had identified several things to watch out for and necessary transformations that needed to happen within the procurement
Living in interesting times: procurement 2020 Read More »
By Dr Marcell Vollmer, Chief Innovation Officer, Celonis Across all industries, procurement leaders are seeking significant and measurable productivity gains. New technology, based on machine learning and artificial intelligence, is driving the digital transformation of the procurement function to deliver value, driving supplier innovations, performing risk management, securing a sustainable supply chain and, of course,
Procurement empowered by cognitive and intelligent applications Read More »
By Hemant Porwal, Executive Vice President: Supply Chain and Operations, WESCO Distribution Over time, the concept of measuring savings has evolved to creating a baseline by comparing items under the form, fit and function framework. Top-quartile procurement teams have taken this further by adopting total cost of ownership (TCO) into their request for proposal (RFP)
The traditional mindset of cost savings is dead Read More »
With cost pressures likely to mount up as we recover from COVID-19, mining and manufacturing companies must find alternative methods to reduce total cost of ownership relating to product procurement and product consumption. “A product information management (PIM) system can help”, says Isak Marais, CEO, DigiTeams, which specialises in bespoke digital transformation within the mining,
Post-COVID-19 cost savings in the mining and manufacturing industries Read More »
