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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...

From Automation to Analytics: How Technology Is Making Supplier Management More Efficient and Effective

In the rapidly evolving business landscape, effective supplier management is essential for competitiveness and success. Technology is reshaping this landscape, introducing automation, analytics, collaboration, transparency, and AI to enhance value and performance. Inefficient contract management causes potential value loss, while most procurement lacks advanced supplier relationship programs. Technology-driven automation streamlines tasks like ordering, boosting efficiency and supplier performance. Analytics...

The Importance of Relationship Management in Clinical Outsourcing

The success of clinical outsourcing depends on the relationship between the sponsor and the CRO. A lack of trust can lead to problems, so it is important to build strong relationships. Sourcing managers can play a key role in this by understanding the needs of both parties, facilitating communication and collaboration, managing conflict, and measuring and rewarding performance. By...

Survival of the Fastest: Why the ‘3 Ps’ Must Become the ‘4 Es’

Traditional businesses need to adopt technology platforms to improve efficiency, sustainability, and compliance. Technology platforms are essential for businesses to survive and thrive in today's world. Businesses that resist new technologies will be at a competitive disadvantage. The blog discusses three key challenges of not investing in new technology platforms: data leakage, compliance failure, and talent deficiency. It also...

Don’t Wait for the Procurement Reform Bill to Make Positive Change!

The UK public sector spends £300 billion a year on procurement. The Procurement Reform Bill is set to introduce positive change to the regulations that govern this process, but it is not due to be implemented until October 2024. Public sector organizations should not wait until then to make changes that can help address today's challenges. Here are some...

The NHS Efficiency Challenge – Time for a fresh approach

The NHS is facing the most challenging period since its inception, with performance standards not being met, compromised quality, and low patient satisfaction and outcomes. Add to these issues a burnt out and undervalued workforce dealing with long waiting lists, a diagnostic backlog brought about by COVID and most systems facing deficit positions not seen before, and it’s clear...

Return on Inclusion: Why You Need to Embrace The New ROI

Return on Inclusion (ROI) is a new concept that measures the value of diversity, equity, and inclusion (DE&I) in marketing. ROI can be measured in a variety of ways, such as through increased brand awareness, sales, and customer loyalty. There is a growing body of evidence that suggests that DE&I can have a positive impact on marketing ROI.

ChatGPT: Friend or Foe in the Pursuit of Sustainability?

We explore whether ChatGPT can help improve sustainability, examining the potential benefits and challenges of using AI to promote sustainable practices.

More Haste, Less Speed

Are you considering your next clinical outsourcing decision?

Retail Fashion Trends 2023

As we move closer to the middle of the year, SMEs from across 4C Fashion & Luxury Goods Sub Sector have come together to share insights and explore the challenges the sector faces in 2023 and beyond…

A Platform for Sustainable Change in Biopharma

As severe weather causes illness, injury, and death worldwide, it is impossible to ignore that the health of our communities and our planet are intrinsically linked. This fundamental truth puts the healthcare industry in a unique position: to align its purpose—enhancing societal health and preserving life—with the sustainable practices needed to mitigate environmental catastrophe.

Why Diversifying Your Supply Chain is a Commercial Imperative

How can a partnership with non-traditional suppliers help your business to unleash the benefits of supply chain diversity?

Experience First: The Human-Centred Design Principles Accelerating The New Norms in Source-to-Pay Transformation

This blog discusses how the integration of S2P AI with Human Centred Design will address seven distinct unmet needs through improved user-accessibility, frequency of business-critical insight generation and procurement process efficiency, beyond what is currently available.

The Case for Change: Procurement Annual Report 2023

Interview: Innocent Drinks’ Strategy for Success as B Corp Leaders

When B Corp launched in the UK, it gained attention in the business industry with organizations seeking to gain certification that independently endorsed their credentials. Being certified distinguishes those companies who are simply using savvy marketing and greenwashing rhetoric, from those genuinely committed to driving positive social and environmental change.

Budget Reinforces Sourcing Playbook Opportunities!

Karl Marx anticipated the Boom Bust cycle in the 19th Century …..it could be said that in 2023 the Budget of His Majesty’s Government has missed the opportunity to benefit from the experience of those that have gone before us and survived the cycle.