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 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]
As a procurement professional, your job should not be just reactive. A skilled buyer will conduct due diligence prior to making any business decision to ensure that it can add value and is the best option for the organisation. Part [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]
Back in 1979, Michael Porter created Porter’s Five Forces Model. He suggested portrayed the five forces that shape industry competition as well as strategy. Those five forces consisted of the bargaining power of suppliers, the bargaining power of buyers, the [Read More]
