Resources

The Red Sea, a vital artery of global trade, has long been a bustling thoroughfare for shipping, connecting the Mediterranean Sea to the Indian Ocean. However, recent disruptions in this crucial maritime route have sent ripples through global supply chains, prompting...

Triple Bottom Line (TBL) is a concept that goes beyond traditional profit measurement, encompassing social and environmental impacts alongside financial performance. Coined by business author and consultant John Elkington in 1994, TBL advocates for a holistic approach...

The art of negotiation is a fundamental aspect of human interaction, permeating every facet of life, from personal relationships to business dealings. However, the question remains: is negotiation a skill that people are born with, or is it learned? While some...

Greenwashing refers to the deceptive practice of companies presenting themselves as environmentally friendly or sustainable, often through misleading marketing or advertising, while their actions tell a different story. It involves exaggerating or misrepresenting a...

Extending supplier payment terms can be a strategic move for businesses looking to improve cash flow, re-position supplier relationships, and optimize working capital. However, measuring the benefits of this strategy requires careful consideration of various factors,...

In the complex web of business operations, procurement often plays a behind-the-scenesrole, but its significance should not be underestimated. Procurement is the process ofacquiring goods, services, or works from external sources, and taking it seriously is crucialfor...

In the ever-evolving landscape of procurement, exploring alternative methods for supplierpayments has become a topic of increasing interest. One such alternative that has gainedtraction is Bitcoin. While the idea of using cryptocurrency in business transactions...

In the dynamic landscape of software-as-a-service (SaaS), negotiating contracts is a crucial aspect that demands careful consideration. As organisations increasingly rely on SaaS solutions to streamline their operations, the negotiation process presents a unique set...

Introduction: Efficient procurement is crucial for any organization seeking to maximize cost savings and operational effectiveness. Often overlooked, tail spend, or low-value spend, represents a significant challenge for procurement professionals. In this article, we...

As we step into 2024, the role of a procurement professional continues to evolve, shaped by technological advancements, changing global dynamics, and an increased emphasis on sustainability. The procurement professional of today is not just a cost-conscious negotiator...