A poorly executed procurement process often leads to failed sourcing activities with detrimental consequences: budget over-spend, losses, frustrated stakeholders and suppliers, wasted resource, fragmented buying, maverick spending. We regularly hear that procurement processes are avoided because they are authorisation and admin heavy and actually easy to circumvent. A robust procurement process doesn’t necessarily mean that […]
A manufacturing company has 3 separate departments purchasing stationery. Department 1 buys it from a local supplier, department 2 buys from a national supplier, department 3 shops around and buys from whoever offers the best prices. There are up to 10 different stationery suppliers set up on the system. The product range is extensive, prices […]
As a business leader, owner, decision maker in a manufacturing company, what do you think about when you hear the word procurement? Raw materials, packaging, supply chain? All budget holders within a business are “buying” on one level or another, yet very few businesses follow the same stringent procurement processes that are in place when […]
Holistic procurement is imperative in the current environment as businesses face the double whammy of inflation and supply shortages. Traditional price negotiation strategies are less effective when trying to keep costs below the inflation line. To increase profitability, as well as making productivity improvements, businesses should also be looking at their internal end-to-end procurement processes […]