Many organisations plan their budgets on a fiscal year basis, making cost savings a top priority at the beginning of each year. While negotiation, rationalisation, standardisation and relationship-building all contribute to reducing expenses, one key strategy is often overlooked: Early [Read More]
Strategic sourcing is a contemporary approach to supply chain management. It formalises the gathering, analysis and application of information to assist companies in aligning their purchasing strategy with their goals and securing the best possible value. In this post, we [Read More]
Watch our latest Procurement on Demand webinar that provides an insight into the important role equality, diversity and inclusion can have within procurement. Equality, diversity and inclusion are not only morally significant but can also provide a competitive advantage when [Read More]
Watch our latest Procurement on Demand ‘Reasons to Implement Kaizen and Where to Start’ webinar which provides an insight into the role of Kaizen in procurement. What is Kaizen ‘Kaizen’ is a Japanese term meaning “change for the better”, a [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]
Good stakeholder engagement can help a business to build strong relationships and generate value in several ways. Improving how you engage with your stakeholders can help you find cost-saving opportunities, negotiate better terms, improve risk management and stimulate supplier innovation. [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 value of measuring the performance of external suppliers, distributors etc. is well known. Understanding current performance, comparisons over time and using data to better understand areas for improving performance of procurement are some of the key benefits of developing [Read More]
