Sustainability in supply chains is often associated with renewable energy, sustainable materials and responsible sourcing. But another important factor starts much earlier in the process: demand forecasting. Accurate demand forecasting helps organisations align purchasing, production, inventory and logistics with what [Read More]
When organisations think about supply chain disruption, they often focus on geopolitical tensions, supplier failures or economic uncertainty. However, one increasingly important factor is the weather. As temperatures continue to rise across many parts of the world, prolonged periods of [Read More]
When organisations invest in capital expenditure (CAPEX) assets such as machinery, vehicles, IT infrastructure, or production equipment, significant attention is typically given to sourcing, supplier selection, and whole life costing. However, one critical stage of the asset lifecycle is often [Read More]
Risk management in supply chains is essential for ensuring goods and services are delivered on time, to the right place and to the right specification. While sourcing and supplying are core responsibilities of procurement professionals, maintaining continuity of supply requires [Read More]
In today’s procurement environment, evaluating suppliers against the classic Five Rights: price, place, quality, quantity and time, is no longer enough. Modern procurement strategies must also account for social value in procurement, ensuring that decisions deliver not only financial efficiency [Read More]
A well-written specification in procurement lays the foundation for effective sourcing and supplier performance. It defines the business need, sets expectations and ensures fairness and transparency throughout the procurement process. Clear specifications save time, reduce risk and strengthen relationships by [Read More]
Big Data is changing the way we think about procurement. In today’s digital-first environment, the volume, speed, and variety of data being generated has exploded, far beyond what traditional systems can handle. Whether you're optimising costs or managing supplier performance, [Read More]
As globalisation accelerates, technological innovation surges and the world continues to shift politically and economically, procurement professionals face a growing list of challenges. While we can’t eliminate every risk, awareness and preparation remain critical. Frameworks such as SWOT, STEEPLED, and [Read More]
Power plays a crucial role in procurement and across the supply chain. Understanding the 6 types of power can help procurement professionals approach key activities more effectively, from sourcing and negotiating to supplier management and conflict resolution. Each type of [Read More]
In procurement we are often working with current contracts and creating new ones. Sending a purchase order or a response to an RFQ can constitute a contract, as well as a verbal agreement, so it is important to understand the [Read More]
