Environmental, social, and governance – or ESG for short – is a hot topic. In fact, it has been a hot topic for some time now. But lately it’s been getting even hotter. And there are a number of reasons for that. There’s a climate crisis unfolding, which has highlighted the urgency for all, including […]
7 Surprising, but Effective, Steps to Achieving More Profitable Growth
To become more profitable, you need to either increase your turnover, become more efficient & effective or lower total costs. Even better if you can do all three. And there is an, often overlooked, way Small and Medium Enterprises (SMEs) can achieve all three by simply focusing on improving one specific area of their businesses. […]
How SMEs Can Prepare for a Merger
You want your company to grow, and a merger can be a very effective way of achieving that goal. But the business world is littered with failed mergers. In fact, 50-70% of them fail. So, how can you prepare for a merge to give you the best chance of beating those odds? Read this article […]
How to Use Financial Reports to Prepare for Supplier Negotiations
When Warren Buffet looks for shares to invest in, he looks for companies with “durable competitive advantages”. As Procurement professionals, we are also concerned with performance and stability of suppliers. So, are there lessons to be learned from Warren’s approach? Most definitely, yes. Knowledge isn’t power, applied knowledge is power Eric Thomas That is true […]
Building Business Resilience: How Procurement Plays a Critical Role
Right now, the focus is very much on business resilience. And for good reason. COVID-19 has disrupted long and complex supply chains and Just-In-Time systems like never before. So, what can Procurement do to help build this “new” element of competitive advantage called “business resilience”? In my view, there are two key areas where the […]
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