Why procurement pros should be proud ‘vendor defenders’
While it’s true that cost reduction, strategic sourcing and category management, among other functions, are part of the procurement professional's routine, a procurement professional-turned-academic urges practitioners to also become 'vendor defenders' in their...
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Study finds companies over-estimate their level of procurement transformation
A new study, 'Executing a Successful Procurement Transformation'by US market research firm, Forrester Consulting, has found that most companies are over-estimating the maturity of their digital procurement transformation implementation. The research used a...
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Understanding the importance of risk management in procurement
Risk management is part and parcel of procurement because organisations depend on suppliers for products or services. Since supply is through a third-party, procurement needs to be prepared for any disruption to the supply chain, as it could affect the organisation’s...
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Supply chain innovation investment set to soar in 2019
The three-year-long investment decline in supply chain innovation is about to reverse in 2019, with 95% of respondents to a new survey confirming that they intend to increase spending this year. The survey, Elevating Supply Chain Digital Consciousness, by...
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Why effective strategic sourcing should also be sustainable sourcing
An enterprise software expert has cast new light on key procurement functions, such as cost reduction and strategic sourcing, moving them beyond solely financial measures as a result. Procurement professionals work to understand spend analytics, drive cost reduction,...
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Brexit update: uncertainty continues for procurement
With the UK now no longer leaving the European Union until 31 October 2019, unless the current deadlock with in parliament can be broken, uncertainty for procurement professionals across the country continues. The UK was scheduled to leave the EU on 29 March, but the...
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