The Case for Change: Procurement Annual Report 2023
In last years’ Procurement Annual Survey we discussed the unprecedented procurement and supply chain challenges facing organisations and provided a series of recommendations on how to reimagine and to reinvent procurement for the future. Whilst supply chain resilience issues caused by the pandemic linger, other challenges have emerged with recent political and macroeconomic events significantly impacting energy and input...
If Knowledge is Power, Data is Knowledge
Through procurement reform the UK government are introducing a new digital supplier registration portal. Reform also means more information will need to be available, correct, and shareable, than ever before. This is an opportune moment to make long-lasting changes and implement mechanisms that will transform your supplier data from a disabler to an enabler, with the help of digital...
Do you have a secure supply chain? How well do you really know your suppliers?
In today's fast-paced and ever-evolving business landscape, the significance of a secure and resilient supply chain cannot be overstated. Our 4C Transformative Procurement Survey highlighted that only 38% of respondent had a very good understanding of their first-tier supply base and more worryingly only 21% had only a basic understanding- which raised the question… Do you have a...
Mastering the Robot …. Automate > Innovate > Elevate
The modern business landscape where efficiency and productivity are paramount demands that organisations evolve quickly to survive. Robotic Process Automation (RPA) is a key tool in this quest, allowing for the rapid automation of repetitive tasks that were once performed by humans. But what is RPA and how might it transform procurement?
How AI Is Revolutionising the Life Sciences Industry
From discovering new drugs to diagnosing diseases, AI is helping scientists and clinicians achieve breakthroughs faster and more efficiently. But AI is not without its challenges. How can we ensure data quality, ethical standards, regulatory compliance and human trust in AI? Find out in this article, where we explore the benefits and risks of AI in the life sciences...
The Blockchain Revolution: Cutting Through the Chain of Uncertainty
In a world where transparency is of utmost importance, trust is the most valuable currency, and middlemen are becoming obsolete. It may seem utopian, but it’s happening now, and all sector and industry leaders are quickly adopting it. Blockchain is here.
Environmental Commitments and Cost Efficiency: One or the Other, or the Best of Both?
Environmental Commitments and Cost Efficiency: One or the Other, or the Best of Both? Find out how to align your cost reduction and environmental commitments with practical tips and real-life examples. Read on and discover how to make your business more sustainable and profitable.
Aligned with Success: Why a Fully Developed Procurement Vision and Strategy Could be Your Key to Growth
Our research in the Transformative Procurement Survey demonstrated that only 6% of organisations had a developed procurement vision and strategy which was fully aligned to all short and long-term business objectives. This may seem alarmingly low, but when you separate functional objectives from those specific to the business, think about your business – do you actually have procurement functional...
Enhancing Supply Chain Resilience: Transforming your Procurement Operating Model
We live in an increasingly interconnected, complex and uncertain global marketplace, where the significance of a resilient supply chain cannot be overstated. In this blog, we will highlight the importance of optimising your procurement and supply chain activities to develop enduring risk protocols and resilience through the fundamental transformation of your procurement operating model.
Can Pan-Enterprise Procurement Category Strategies Drive Innovation and Market Leadership?
Pan-enterprise procurement category strategies hold immense potential for organisations aiming to drive innovation, optimise efficiency and achieve cost savings. However, addressing challenges related to data management, organisational complexity and change management is crucial for successful implementation. In this blog, we will explore the innovations pan-enterprise procurement category strategies can bring, as well as effective solutions to overcome implementation hurdles.
Byte-Sized Brilliance: Nurturing the Digital Mindset
To become a digital leader, you must be data-driven, curious, adaptable, digitally fluent, and collaborative. You must also understand the societal impact of technology and be able to translate it into business strategies. This blog discusses six key strategies to help you grow into a digital mindset. Becoming a digital leader is an ongoing journey, but by following these...
Corporate sustainability: how much do employees really care?
Sustainability continues to be a key concern for individuals and businesses alike, with an ongoing spotlight on how we can be kinder to our planet, both at home and in the workplace. To investigate this, we surveyed 41 individuals on their attitudes towards sustainability, both in their personal lives and in the workplace. All respondents were aged 18-55, with...
Transforming Supply Chains: Your participation in the 4C Survey will help you think differently about your supply chains
Supply chain and logistics innovation is essential for businesses to stay competitive and succeed. It can help improve financial performance, customer satisfaction, and employee motivation. Organizations need to be able to keep up with the pace of change and implement widespread initiatives to distinguish themselves from their peers. The 4C Transformative Supply Chain Annual Survey can help businesses assess...
What does the future hold for R&D outsourcing in 2024 and the years to come?
Speed, cost and productivity have forever been the key areas of focus for biopharma sponsors and CROs, but the intensity of their demand has significantly risen. Read more about whether current outsourcing models are adequate to meet current and future demands.
Analogue to Algorithm: Pioneering Change in a Digital Frontier
Delve into the importance of change in the procurement domain, how diverse approaches to change management can impact outcomes and how a harmonious blend of change management principles and technology can drive successful transformation.
The importance of sustainability in the corporate world
Our sustainability event in London discussed importance of sustainability for organizations and how they can collaborate with supply chains to drive sustainability. The event highlighted the challenges of sustainability, such as working with complex supply chains and keeping up with regulations. It also discussed how companies are waking up to sustainability and how they are collaborating with their suppliers...