The ability to innovate and access external innovation is vital for SMEs to stay competitive. And due to the fact that SMEs are generally more nimble and able to pivot better than larger companies, doubling down on innovation can be a real source of creating competitive advantages. In this article I share a few examples […]
4 steps guaranteed to boost profit and prepare your company for growth
How to boost operational efficiency, lower costs, reduce risks and get more value from your suppliers Growing a small or mid-sized company comes with many challenges. One of the top challenges is to get key processes into good shape. That’s because you don’t want process inefficiencies to magnify as the business scales. Worst case, that […]
How to Get Business Process Outsourcing Right the First Time
Business is becoming more and more dynamic. Gone are the days when you needed to build expensive development, manufacturing and logistics infrastructure to compete. That’s because almost any activity today can be outsourced. That brings with it flexibility and opportunities for small companies to scale much quicker than before, without having to incur huge fixed […]
How to Negotiate Scientific Journal Subscriptions in a £19 Billion Oligopolistic Supply Market
The supply market for scientific journal subscriptions is unlike most other supply markets. Free content, based on publicly funded research, is transformed into premium digital subscriptions by an oligarchy of commercial publishers with net profit margins well above 20%. The oligopoly is being challenged by the Open Access and Open Science movements, and changes are […]
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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