What Is Sustainable Procurement? A Comprehensive Guide

This guide highlights the importance of strategic sustainable procurement to the long-term success of organisations and presents a compelling case with the delivery of consistent financial and environmental benefits.  

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The Advantages And Benefits Of Sustainable Procurement

Organisations recognise the role that strategic sustainable procurement can play in their long-term success with the delivery of key ethical, environmental and economic objectives when sourcing third-party products and services from suppliers and the extended supply chain.

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From Legislation to Action: Navigating the Path to Procurement Excellence 

The Procurement Act, which received Royal Assent last year, is set to revolutionize public sector procurement in the UK. It aims to modernize practices, enhance transparency, and prioritize value for money. Key provisions include thorough disclosure of procurement information, making procurement pipelines public, and requiring contracts over £2 million to include at least 3 KPIs. The Act emphasizes contract...

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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...

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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.

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Sustainability and Cost Reduction: Are They Mutually Exclusive?

In the current economic climate, procurement teams face the challenge of reconciling the push for sustainability with the need for cost reduction. Businesses are urged to adopt eco-friendly practices even if they come at higher costs, while inflation drives the demand for cost cutting. The conventional belief that sustainability drives up cost is being challenged. Strategies such as Total...

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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...

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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...

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More Haste, Less Speed

Are you considering your next clinical outsourcing decision?

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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…

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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?

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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...

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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.

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The Impact of Direct and Indirect Spend in Hospitality and Leisure

The Hospitality & Leisure (“H&L”) industry faces an uncertain year ahead. The New Year brings with it a double-edged sword: a global recessionary environment where high-interest and inflation rates threaten consumer spending & H&L revenues, coupled with energy uncertainties that continue to hike the direct and indirect costs of service delivery (hotel shower gels to raw food and utility...

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The Historic Acquisition of Credit Suisse and Using Procurement in Acquisitions of Distressed Assets

Over the last few weeks, we have seen a number of major acquisitions. None larger than the historic ‘shotgun-acquisition’ of Credit Suisse. UBS will pay 3 billion Swiss francs (£2.644 billion) for 167-year-old Credit Suisse Group AG and assume up to $5.4 billion in losses. The acquisition makes UBS a significantly more powerful on the global stage, with a pro-forma c.$5 trillion...

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