As buyers, we often expect a lot from our suppliers, but do we take the time to consider what they need from us to perform at the standard we demand? Understanding the supplier’s perspective and effectively communicating expectations ensures we [Read More]
As procurement professionals, we play a key role in ensuring that specifications—whether provided by suppliers or created in-house—are both (1) fit for purpose and (2) aligned with strong ESG practices. In this blog, we explore ESG practices for procurement professionals, [Read More]
As procurement professionals, we often spend significant time categorising our products, services, and suppliers. But how often do we stop to consider how our suppliers view us? The Supplier Preferencing Matrix is a valuable tool that shifts perspective, helping us [Read More]
What makes KPIs so vital to Procurement? Just because the purchase order is placed with the supplier, our work as procurement professionals is not done. At this stage of the procurement cycle (stage 10), our work should be focusing on [Read More]
Global sourcing, overseas buying, international trading? The terms are used interchangeably and all relate to buying products/services from a country other than the one in which you are based. Global sourcing usually attracts procurement professionals and other industry workers due [Read More]
As a procurement professional one of your main objectives will be achieving value for money on purchases. One way to reach this objective is to focus on the cost of acquisition rather than the price of acquisition. Price and cost [Read More]
Watch our ‘Introduction to Procurement’ webinar which provides an insight into the role of procurement and the role of the buyer. This is the first in our Procurement on Demand webinar series. Understanding The Role of Procurement Without procurement, it [Read More]
What is Blockchain Technology? Also known as distributed ledger technology (DLT), Blockchain Technology was first created in 2008 to support the use of Bitcoin. This article will explore how Blockchain Technology works and the benefits it provides to business. How [Read More]
The supply chain management industry is changing at an alarming rate with the introduction of cloud technology. This blog post will explore seven ways that Cloud Technology is impacting the supply chain management industry. What is Cloud Technology? Cloud technology [Read More]
The ability to conduct an effective RFx evaluation is one of the key responsibilities of any professional procurement role. In the past, buying meant focusing on the lowest cost option and then passing supplier dealings onto other team members. But [Read More]
