What is the purpose of Procurement? The old school purpose of procurement was to save and cut costs. But we are now in 2020, and for at least the past two decades, there has been much talk about the need for Procurement to re-evaluate its purpose and work with business leaders to develop category plans […]
How Procurement Can Take a Strategic Approach That Inspires Stakeholders
There’s often friction between Procurement and other functions. Stakeholders see an overemphasis on short-term savings as a threat, which destroys business value. Procurement should be more than an efficient tendering machine. And in many organisations Procurement started the journey towards a more strategic approach many years ago. Most teams, though, still have a long way […]
3 Companies That Created Business Value by Digitising Their Supply Chains
Businesses can achieve substantial growth through leveraging technology, and one of the ways they can do this is by digitising their supply chain. It’s important to recognise that the benefits of this are not just cost-savings, but digital supply chains have the ability to increase business value in a vast range of ways. Here are […]
How the Procurement Function Creates Business Value When Companies Merge
I’ve written previously about why mergers have become such a popular growth strategy, including how our Business Focused Procurement approach can be pivotal in ensuring you maximise on the available benefits. Now I’d like to focus on how an empowered procurement function can add business value in a corporate merger situation. Often an important objective […]
3 Examples of Businesses Achieving Growth Through Corporate Social Responsibility
Businesses are increasingly prioritising their corporate social responsibility, with many implementing a range of policies that benefit their employees, their supply chains, their customers and the environment. While it is said that these kinds of initiatives are becoming necessary for businesses to compete and survive, it obviously benefits the wider population and is mostly being […]
