Power to the People…

Simon Latham Blog, FMCG, Procurement, Supply Chain 0 Comments

I had a really informative day yesterday attending the “Groceries Code Adjudicator Annual Conference, 2019” in the wonderfully historic Church House in Westminster – a building that acted as a temporary parliament for William Churchill’s government during the war after the Houses of Parliament took a direct hit! It really was a celebration of the continued and great success that …

If You’re Small, Source Smart Globally

Jay Tan Blog, Oil&Gas, Procurement 0 Comments

Unlike large energy conglomerates, smaller energy companies ought to take advantage of global sourcing in order to remain competitive in the markets. Unfortunately, many are still ill equipped to do so, owing to the complexities involved in cross-border buying. Nevertheless, there can be significant upside if it’s done right. Smaller firms within energy markets may have the tendency to source …

Nearshoring: the fashion revolution

Rosanna Collins Blog, Procurement, Retail 0 Comments

Mention the phrase ‘fast fashion’ and most people will think of a cheap high street t-shirt with a predictable country listed on the inside label: China.  But increasingly, observant consumers are finding a new collection of countries on the label of their fast fashion clothing – countries that are a lot closer to home, such as Turkey and other Eastern European countries. This phenomenon is called ‘nearshoring’.  Why, in a world of innovation, …

Procurement and big data

Vincent Hauss Artificial Intelligence, Procurement 0 Comments

It comes as no surprise that the procurement function is using big data to drive digital change. According to a recent survey of over 650 leaders in procurement, supply chain and finance from Europe and North America, 72 percent of respondents stated big data and predictive analytics as one of the top five priorities for their organisations. These organisations are investing heavily in technologies that, beyond cost savings …

Game Theory and how to improve e-Auction value delivery

Sunny Agnihotri Blog, Procurement

Much has been written about the decline in savings from the long-term use of e-auctions. The law of diminishing returns is often quoted as applying to e-auctions in just the same way as any other sourcing strategy. So what can you do about it? After all e-auctions are a very efficient way of sourcing low-to-medium value/risk products, which could otherwise …

Public Sector – Is it right to be wary of The Cloud?

Public Sector – Is it right to be wary of The Cloud?

Daniel Bone and Dominic Rocha Blog, IT, Procurement

In recent years, procurement functions within the private sector have recognised the value of cloud technology and solutions, to the extent that procurement can play an integral role in the organisations move to digitalisation. This involves utilising cloud Procure to Pay (P2P) and Source to Pay (S2P) solutions to drive value for money. Despite the benefits reaped within the private …

Negotiation Strategies

What makes a good negotiation? Reflection on key characteristics

Adam Strauchold Blog, Procurement, Strategy

As procurement professionals, we frequently come across a view that negotiation is the core of our job – at times it’s even the only thing we are asked to do! Our stakeholders (managers of finance, operations, engineering, marketing, and other departments for whom we buy) see us as expert negotiators. Just picture a typical situation: a fleet director agrees with …

Procure-to-Pay software: how can virtual assistants help with user adoption?

Procure-to-Pay software: how can virtual assistants help with user adoption?

Joe Temple Blog, IT, Procurement

Take a look around a business that has implemented a new Procure-to-Pay system in the last few years and you will likely come across some user adoption challenges. Perhaps requisitioners have stopped using catalogues because they can’t find the items they are looking for, or don’t trust the pricing. Maybe line managers have overdue approvals in their queue because they …