All procurement projects need to be data driven, however, this often requires additional resource in your procurement team or otherwise. It is necessary to get into the granular detail in order to identify the best purchasing opportunities and deliver consistent, successful results. This often requires the detail included in invoices and unless you have an […]
Are procurement projects a priority in your business, or do they frequently get put on the back burner in order to deal with more pressing issues? Should these projects be deemed less of a priority when Procurement is one of the key functions to drive improvements in a business’s profitability and cashflow? An outsourced procurement […]
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 […]