strategic sourcing Archives - Procurement Cube https://procurementcube.org/tag/strategic-sourcing/ Passion for business Thu, 05 Jan 2023 14:21:41 +0000 en-GB hourly 1 https://wordpress.org/?v=6.6.2 https://i0.wp.com/procurementcube.org/wp-content/uploads/2019/07/cropped-ProCu-THICKER-All-Grey.jpg?fit=32%2C32&ssl=1 strategic sourcing Archives - Procurement Cube https://procurementcube.org/tag/strategic-sourcing/ 32 32 193294611 This Approach to Creating Competitive Advantages Through Innovation, Works for All SMEs https://procurementcube.org/competitive-advantages/#utm_source=rss&utm_medium=rss&utm_campaign=competitive-advantages Sun, 10 Apr 2022 22:12:42 +0000 https://procurementcube.org/?p=2345 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 […]

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]]> 2345 5 Tips on How to Research the Translation Industry in 7 Days: In-Depth, Yet Effortlessly! https://procurementcube.org/5-tips-on-how-to-research-the-translation-industry-in-7-days-in-depth-yet-effortlessly/#utm_source=rss&utm_medium=rss&utm_campaign=5-tips-on-how-to-research-the-translation-industry-in-7-days-in-depth-yet-effortlessly Wed, 09 Mar 2022 00:12:02 +0000 https://procurementcube.org/?p=2335 Supply market research tips for procurement professionals If you’re a procurement professional responsible for sourcing Professional Services, Corporate Services or Marketing Services, there’s a good chance that you’ll get involved in sourcing language translation services sooner or later. The industry has experienced significant growth over the past few decades, fuelled by globalisation and enabled by […]

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]]> 2335 6 Things You Need to Know About Buying Services https://procurementcube.org/6-things-you-need-to-know-about-buying-services/#utm_source=rss&utm_medium=rss&utm_campaign=6-things-you-need-to-know-about-buying-services Fri, 29 Jan 2021 00:12:40 +0000 https://procurementcube.org/?p=2130 Buying B2B services is very different from buying physical goods and, therefore, requires a different approach. Goods are tangible – you can touch them, test them and quality approve before they are shipped. So, with the right due diligence in place, there is a high degree of certainty in terms of what you get when […]

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]]> 2130 How the Procurement Function Creates Business Value When Companies Merge https://procurementcube.org/how-the-procurement-function-creates-business-value-when-companies-merge/#utm_source=rss&utm_medium=rss&utm_campaign=how-the-procurement-function-creates-business-value-when-companies-merge Mon, 23 Dec 2019 11:43:29 +0000 https://procurementcube.org/?p=1647 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 […]

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]]> 1647 Proof That Investing in Employees Is Good for the Bottom Line https://procurementcube.org/proof-that-investing-in-employees-is-good-for-the-bottom-line/#utm_source=rss&utm_medium=rss&utm_campaign=proof-that-investing-in-employees-is-good-for-the-bottom-line Wed, 28 Aug 2019 14:04:40 +0000 https://procurementcube.org/?p=1604 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 […]

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]]> 1604 Get More Value From Translation Agencies, While Controlling Costs https://procurementcube.org/get-more-value-from-translation-agencies-while-controlling-costs/#utm_source=rss&utm_medium=rss&utm_campaign=get-more-value-from-translation-agencies-while-controlling-costs Thu, 08 Aug 2019 08:01:03 +0000 https://procurementcube.org/?p=1570 2nd of 3 articles: How to buy language translation services Implementing a sourcing project for language translation solutions can be a complex and resource intensive process. In large organisations the spend is often fragmented and key internal stakeholders tend to have strong opinions about which translation agency to use. The first article in this 3-part […]

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]]> 1570 How to Strategically Source Translation Services https://procurementcube.org/how-to-strategically-source-translation-services/#utm_source=rss&utm_medium=rss&utm_campaign=how-to-strategically-source-translation-services Thu, 01 Aug 2019 11:56:28 +0000 https://procurementcube.org/?p=1535 1st of 3 articles: How to buy language translation services We live in a world that’s increasingly becoming globalised according to a United Nations report, which describes our world as, “more interconnected than ever before”. In a Business-to-Business context, English is often the preferred language when communicating across borders. But that’s not always the case, […]

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]]> 1535 The Benefits and Pitfalls of a Remote Working Team https://procurementcube.org/the-benefits-and-pitfalls-of-a-remote-working-team/#utm_source=rss&utm_medium=rss&utm_campaign=the-benefits-and-pitfalls-of-a-remote-working-team Tue, 11 Jun 2019 11:46:52 +0000 https://procurementcube.org/?p=1437 There’s no doubt that remote working is the future. Research has found that, on the whole, people who work remotely are happier. Among millennials, 70% already spend their time working away from office, while 40% of 50 years or older are making the transition to a remote working lifestyle. When executed in the right way […]

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]]> 1437 The Procurement Principles that Set Us Apart https://procurementcube.org/the-procurement-principles-that-set-us-apart/#utm_source=rss&utm_medium=rss&utm_campaign=the-procurement-principles-that-set-us-apart Mon, 29 Apr 2019 09:51:49 +0000 https://procurementcube.org/?p=1304 At Procurement Cube we like to think we’re a bit different than other procurement consultancies. We’re not just your run of the mill procurement company. We don’t come in and slash your outgoings. Oh wait, that’s what you want us to do? Well, it’s not as simple as that. In fact, an approach to procurement […]

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]]> 1304 So, what’s the point of Procurement? https://procurementcube.org/so-whats-the-point-of-procurement/#utm_source=rss&utm_medium=rss&utm_campaign=so-whats-the-point-of-procurement Mon, 25 Jun 2018 22:02:02 +0000 https://procurementcube.org/?p=1126 We all know how to buy, right? We do it every day. How hard can it be? Despite decades of delivering business benefits and taking costs out, Procurement often has to justify its own existence. This is particularly true in organisations where Procurement is predominantly seen as an order placing function, or at best as […]

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