Like Amazon but better for business

January 12th, 2021|

The simplicity of Amazon makes it appealing to businesses. It’s familiar and easy to use. Finding what you want is simple and ordering is reduced to a click of a button. Moreover, the endless choice means that you are never short of suppliers for your goods. That also means that prices are competitive – supply far outstrips demand for most product categories.

New year, new goals

January 4th, 2021|

2020 was one of the hardest years on record for businesses – and that’s not about to change in 2021. But it’s not all doom and gloom. While the challenges last year posed difficulties that nobody had planned for, this year they’re more a known quantity. Most of the challenges business face this year will be dealing with the fall out of COVID-19 and Brexit. Both will restrict the way organisations operate and in different ways. But with a clear understanding of what each scenario involves, risks can be planned for and mitigated – leaving you in a position to thrive rather than just survive. So what can we expect from 2021?

Effective & efficient procurement: can you have both?

December 4th, 2020|

In any complex system, there are natural trade offs – and that’s certainly true of the supply chain. The ability to move goods on time and on budget is balanced against external forces such as product quality and customer satisfaction  – and thus you have the finely poised relationship between efficiency and effectiveness.

Opinion: Resilience to drive supply chains in a post-pandemic world

December 1st, 2020|

The news that a vaccine for COVID-19 could be available in early 2021 brings with it renewed hope that the world may return to normal by the end of the same year. The pandemic has shown us many things, among them that the resourcefulness and resilience of communities – both locally and globally – is alive and well. That’s been especially true in the business world where organisations and their supply chains have proved flexible and adaptable to change.

How procurement can generate value for stakeholders

November 24th, 2020|

Building relationships with stakeholders to a point where procurement is seen as a valuable business partner is a long and arduous road. Even with C-Suite directives, the prospect of change can be an obstacle and changing mind-sets can be challenging. Fortunately, the use of internal data analytics and external market intelligence (MI) has changed the way businesses work. It’s also influenced how they go after success and ultimately how that success is defined.

The why and how of strategic sourcing

November 19th, 2020|

If proof were needed that procurement is the epicentre of modern business, then one need only look at the demands placed upon it. Its evolution has seen it transform from a price-driven, cost centre, to a strategic powerhouse that delivers on everything from corporate and social responsibility to environmental outcomes.

Leveraging your data to gain a competitive edge

November 17th, 2020|

Reliable data is the cornerstone of modern procurement. Clear information informs wider strategy and drives business performance through informed decision-making. Specifically, it is the data organised by spend analytics tools that are a catalyst for elite performance. Those using such platforms report savings of between 5% and 20% a year after engaging the software, gaining competitive advantage from improved process, enhanced supplier performance and consolidating spend. So how can you drive competitive advantage from data?

Why indirect procurement matters

November 12th, 2020|

In a tight and volatile market where margins are fine and challenges are exacting, every competitive advantage needs to be explored. Despite that, few organisations examine their indirect spend with any real intent – which is surprising given that it grows an average of 7% year-on-year and accounts for roughly 20% of an organisation’s procurement spend. At best, such practices are negligent. Even in favourable market conditions, very few organisations can afford to leak that amount of cash and value from their business.

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