Why procurement has to stop only talking about ‘savings’ and focus on strategic value

Why procurement has to stop only talking about ‘savings’ and focus on strategic value

Jeremy Smith Blog, Procurement

A look at why the procurement  function needs to move beyond pure cost cutting and better publicise the leadership and revenue growth opportunities it can bring to the boardroom. It’s no secret that procurement was one of the few functions to emerge triumphant from the financial crisis. Leading businesses faced with increasingly uncertain forecasts found themselves reliant on optimising cost …

How to incentivise suppliers

How to incentivise suppliers

Milan Panchmatia Blog, Procurement, Supply Chain

In an economic climate where many businesses need to do more with less, procurement functions are increasingly looking to uncover new ways to incentivise their suppliers. Incentivising suppliers to deliver improved performances is not a new concept in the world of procurement. However, with an increasing number of businesses facing tighter margins, it is an area which certainly merits investigating. The …