A key to competitive advantage Procurement process re-engineering brings better results and more savings for companies that seek to extend it to the entire procurement value chain rather than to their in-house procurement function. That essentially entails putting the whole procurement process under scrutiny, and moving from a large number of suppliers towards developing a… Continue reading A Collaborative Approach to Supply Chain Management Can Enhance Competitive Advantage
The above quote comes from Warren Buffet, talking about sales and marketing. However, I feel that the quote is equally as relevant for Supply Chain and Procurement professionals, especially in today’s climate, where there is constant pressure on reducing costs and ultimately squeezing the Supply Chain. Is this really a longer term option? I don’t believe… Continue reading Price is what you pay. Value is what you get!
Are YOU subconsciously diluting the value that you deliver in your Company? The overwhelming reality is that you’re probably doing just that right now! It’s a fact that most procurement activity never maximises the value delivered to the bottom line. Do you agree? Why do you think that’s the case? Well it’s not because you’re… Continue reading How To Set Yourself Up For Procurement SUCCESS in 2016
As we approach December, in my experience, thoughts turn to three things; The Christmas Party The Christmas Party The targets for the new year OK, I admit that You may not be thinking about next years targets just yet, but I bet your boss is! How have you done this year? How does the actual value… Continue reading How important is it that you understand how likely you are to deliver your 2016 savings/ efficiency targets?
As companies are seeking to move beyond procurement into fully deployed supply chain systems, there are significant opportunities to widen their margins by improving efficiency in their procure-to-pay cycles for many of their contracted services. We typically find that major challenges where field associates are working from manual or electronic systems, requisitioning onsite services for… Continue reading 8 steps to deliver margin gains by improving your P2P process
I have long held the belief that business can get significantly greater value from their procurement activities and by definition, their procurement teams. Historically, the profession has been driven by transactional behaviours, whether that is the number of procurement projects completed or the volume of tenders managed. More forward thinking procurement organisations have developed closer… Continue reading Building a dynamic new procurement profession