Sustainable Procurement. Why should you care about it? Because more and more of your organisation’s customers and key stakeholders care about things like minimising waste, impact on society, the environment, etc. Organisations that ignore these concerns wilfully expose their brands to the risk of irreparable damage. Sustainable procurement is about “doing the right thing”. It’s […]
3 ways Procurement creates competitive advantages
Competitive advantages set your business apart. These advantages are the things your organisation does better than anyone else. Often competitive advantages are created over time with the contribution of many business areas. An empowered Procurement organisation collaborates with multiple touch points across the business. Procurement can, therefore, play a key role in building competitive advantages […]
Secret Competitive Weapon of Fast Growing SMEs: Procurement!
There are two types of fast growing SMEs (Small & Medium Enterprises). The ones that have had a cash crunch, and the ones that WILL have a cash crunch. Growing fast requires money. Money to finance trade credit, money to hire more staff, money to invest in machinery and overheads. Money, money, money! It’s at […]
The Creative Procurement Process
Is “creative procurement” an oxymoron? Not at all! In fact, creativity plays a key role in many things we do every day. It’s just that most Procurement professionals don’t recognise it due to the tick-box process approach often adopted by the profession. But Procurement is not meant to be a tick-box exercise. As Procurement professionals, […]
Procurement Folks, “Think like business leaders! Create more value!”
Procurement functions are often accused of having their own agendas, and not properly understanding the business functions they are supposed to support. Every function in a company is in the business of creating business value, including Procurement. But what is “business value”? To some extent it depends on what the stakeholders’ priorities are. Stakeholders are […]
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