Resources
Is On-shoring Really Happening or is it Just Political Rhetoric?
The concept of on-shoring, or bringing manufacturing and supply chains closer to home, has gained significant attention recently. Governments and companies alike have touted on-shoring as a way to increase supply chain resilience, reduce dependency on foreign...
What Are the Most Important Skills for a Procurement Professional to Hold in the Future?
The role of procurement professionals is expanding rapidly, moving from basic cost-saving functions to more strategic, value-driving roles within organisations. As procurement transforms into a more data-centric, tech-savvy field, the following skills are becoming...
Where Does a Procurement Person Go After a Career in Procurement?
Procurement professionals often develop a unique set of skills that open up a variety of career paths beyond traditional procurement roles. These individuals bring experience in negotiation, data analysis, risk management, and supply chain optimisation—all of which...
What Trends Are We Expecting to See in Procurement Staff Recruitment in 2025?
In 2025, procurement recruitment is set to align with the increasingly digital and agile landscape of global supply chain management. To address the complexity and unpredictability of today's market, procurement departments are evolving from traditional purchasing...
What is the Commodity Inflation Rate Expected to Do in the Next Few Years, and Will We See a More Settled Picture?
The commodity inflation rate has been highly volatile in recent years, primarily due to factors such as pandemic disruptions, supply chain issues, geopolitical tensions, and fluctuations in demand. As we look ahead, experts are cautiously optimistic that we may see a...
Should I Set Up a Procurement Function Offshore in a Low-Cost Country?
Setting up a procurement function offshore in a low-cost country (LCC) is a strategy many companies consider to reduce operational expenses and enhance global competitiveness. While the potential for cost savings is significant, the decision comes with both advantages...
Should We Make All Suppliers Have Cyber Insurance?
As cyber threats continue to grow in frequency and sophistication, businesses are increasingly vulnerable to data breaches, ransomware attacks, and other cybersecurity incidents. Given the interconnected nature of modern supply chains, the cybersecurity practices of...
Does Working from Home Increase or Decrease Productivity?
The question of whether working from home increases or decreases productivity has become a central debate in the modern workplace, particularly since the COVID-19 pandemic accelerated the shift toward remote work. The impact on productivity can vary depending on...
Best Practices in the Procurement of Industrial Maintenance Services
Procuring industrial maintenance services is crucial for ensuring the smooth operation, safety, and longevity of equipment and facilities. The right procurement practices can lead to reduced downtime, cost savings, and enhanced productivity. Here are some best...
Pros and Cons of Low-Cost Country Outsourcing of Procurement Activities
Low-cost country outsourcing (LCCO) of procurement activities has become a common strategy for businesses seeking to reduce operational costs, increase profitability, and remain competitive in the global market. However, while this approach offers distinct advantages,...
