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 to Create a Business Environment Conducive to Remote Working
Organisations are increasingly enabling their workforce to work remotely due to the host of benefits it brings to both the business and its employees. With some businesses even going so far as adopting a business model where they don’t have a centralised office and all employees work remotely. But, as with most things, while remote […]
Proof That Investing in Employees Is Good for the Bottom Line
I’ve previously written about how approaching procurement with a sole focus on cost saving can end up costing you more money in the long run, but I wanted to elaborate on one particular point I raised within that article. And, that’s how investing in your employees can benefit your bottom line. It’s becoming widely recognised […]
Are Business Ecosystems the Growth Model for the Future?
Business ecosystems have become “the topic on almost every corporate board’s agenda”, according to the World Economic Forum. They are both the present and the exciting future. But what exactly are business ecosystems and why have they grown in such prominence today? What is a business ecosystem? Investopedia defines a business ecosystem as a “network […]
The Importance of Creativity in Business
It’s an old saying and perhaps a tired one: the only constant is change. But it’s difficult to ignore how crucial that statement is for business. If companies want to survive, innovation is the only way forward. As the CEO of Symes Group, Jessica Symes, says: “… Change is coming, the robots are here and […]
