By Moses Manuel, Lecturer in Business, Legal and Development Studies, and Founder of Zerite Network Purchasing and supply management is not an entirely new concept to most people. Take a look at the first part, purchasing: we all undertake purchasing, be it data for your mobile phone, food, clothes, etc. Purchasing and supply management is […]
Tools & Tips
By Sammeli Sammalkorpi During the past few months, I have discussed with a number of chief procurement officers (CPOs) how they have managed procurement during COVID-19. One recurring answer was along the lines of ‘we broke all of our processes and went into wild-west-mode’. Now, many said this with an interesting combination of sadness and
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
By Anant Kadiyala, Director: Blockchain and IoT Industry Solutions, Oracle Shrinkage, wastage, counterfeiting, contamination, mishandling, logistical delays and other challenges continue to plague today’s supply chains − despite decades of investments and improvements along the way. Companies have limited visibility into who their end-users are and how end-users actually use/handle their products on a day-to-day
By Angela Wilson, Senior Solutions Architect, CSS While large companies with procurement departments often have the personnel and resources to negotiate significant savings and better terms, small and medium businesses (SMBs) typically do not. The good news is that the digital era has created new opportunities for SMBs to improve their procurement practices and outcomes,
The human element will make or break your supply chain career. Procurious Founder Tania Seary reveals the human strengths that artificial intelligence (AI) will never replace and how to leverage this competitive advantage. There comes a time when you forget why you ever started I will never forget my first meeting as a procurement executive
By Helen MackenzieAn experienced former CPO currently working with Procurious to help connect the procurement community across the world. We’re all talking about delivering value these days in procurement, aren’t we? But with so many definitions around, how do we maximise its impact?
By Bertrand Maltaverne If there is one topic in business literature that has been covered exhaustively, it is key performance indicators (KPIs). But if you’re not careful, the indicators you set might inadvertently encourage behaviours that can be dramatically damaging… Case in point: in 19th-century India, the city of Delhi had a snake problem. A
To move your procurement organisation to the next level, it pays to learn from the masters… New research conducted by Accenture Strategy shows that a small group of procurement masters – defined as the top 10% of procurement organisations in terms of performance – are delivering a 15:1 return on investment (ROI) to their organisations.
The role of procurement extends far beyond the belief that procurement’s primary function is to obtain goods and services in response to internal needs. A world-class procurement process aims to optimise the whole process to create significant business value. Procurement optimisation leads to a number of benefits and adds remarkable value to your organisation as