Procurement has an established role in securing products and services at the best possible cost. But achieving that consistently depends on more than negotiation. It relies on suppliers delivering reliably, communicating clearly and working collaboratively when challenges arise. In many [Read More]
Understanding the tender process in procurement is vital for ensuring fairness, transparency and value for money in every purchasing decision. Whether you work in the public or private sector, following a clear, structured process helps you identify the right suppliers, [Read More]
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]
Ethical procurement is becoming increasingly important in our ever more complex, interconnected, and global economy. In the past, the main focus for most companies was profit, but more and more companies now understand and value ethical procurement. In this post, [Read More]
Sustainability has become a core focus in supply chain management, as businesses increasingly recognise that aligning with the triple bottom line—people, planet, and profit—creates greater long-term value. While Corporate Social Responsibility and ethical sourcing have grown alongside this trend, true [Read More]
The Internet of Things (IoT) is not new. Taking into account that the internet is simply a network, as opposed to the World Wide Web which is a way of accessing information over the medium of the internet, we can [Read More]
Supplier Relationship Management (SRM) forms a key part of the procurement cycle. It could be argued that a contract should merely be agreed upon and the rest will take care of itself. In reality, this is rarely the case. A [Read More]
The Modern Slavery Act 2015 is a long overdue legislation that ensures all businesses within the supply chain are working consciously and ethically. As globalisation grows, so does the complexity of international supply chains and many companies have been involved [Read More]
Supplier relationship management (SRM) and the more recently devised method of supplier engagement are both equally important to the modern procurement professional. They each have their advantages and disadvantages, and determining which one is more applicable to the situation, if [Read More]
When the marketing department decide they want to run some form of promotion, such as a special discount or exclusive offer, it is not often something the supply chain management team get asked to input on. However, there is a [Read More]
