Self-Serve Procurement: Why It Goes Wrong! Self-serve procurement is designed to let employees buy quickly within approved rules, using catalogues, automated approvals and integrated finance controls. In large organisations it can work brilliantly, but when governance slips it drives maverick spend, invoice backlog, and real compliance risk in both public and private sector. Done badly, […]
Design to Cost (DTC): How Procurement and Engineering Cut Cost Without Cutting Corners Design to Cost procurement helps manufacturing businesses reduce the cost to buy by removing unnecessary cost from design. By reviewing drawing packs, materials, tolerances and manufacturing routes with engineers, you can lower the cost to manufacture, and secure better, more sustainable pricing […]
Based on the GEP 2025 Procurement & Supply Chain Tech Trends Report Procurement is no longer simply evolving — it is undergoing a structural reset. The latest GEP 2025 Tech Trends Report paints a clear picture: traditional tools and legacy systems are being replaced by a new ecosystem of intelligent automation, AI-driven platforms and connected […]
Why Fractional Procurement is the Future of Strategic Sourcing he Procurement Challenge for Businesses In today’s fast-paced business landscape, organizations need to optimize procurement strategies while controlling costs. However, not every company requires a full-time Chief Procurement Officer (CPO) or procurement team. This is where fractional procurement services come in. What is Fractional Procurement? Fractional […]
Revitalising Procurement: A Strategic Leap into Digital Transformation In today’s fast-paced business environment, staying ahead requires more than just keeping pace; it demands a proactive leap into the future. The realm of procurement is no exception, with digital transformation heralding a new era of efficiency, innovation, and strategic advantage. As companies grapple with the complexities […]
The Power of Collaboration: Building Strong Supplier Relationships Introduction: In the dynamic landscape of procurement and supply chain management, fostering strong relationships with suppliers is essential for achieving operational excellence and driving business success. Collaboration with suppliers brings numerous benefits, including increased efficiency, enhanced product quality, innovation, and cost savings. In this article, we will […]
The Importance of Supply Chain Management for SMEs Deloitte’s recent survey, conducted between January and February, encompassed the insights of 1,037 supply chain executives. The findings underscored the interdependence of customer experience, organisational culture, and supply chain operations on trust. In today’s dynamic global environment, the supply chain landscape is experiencing monumental shifts. Factors such […]
Purchasing Strategies: A Comprehensive Guide for Businesses Purchasing strategies are crucial plans that businesses implement to optimise their procurement processes. The choice of strategy is influenced by several factors, including the nature of the product or service being procured, market conditions, and the specific needs and goals of the business. This article will delve into […]
Procurement KPIs and Dashboards: Top Metrics + Examples Procurement KPIs and dashboards help you measure savings, supplier performance, cycle time, compliance, and risk, so leadership can clearly see procurement’s impact. In this guide to procurement KPIs and dashboards, you’ll learn the most useful metrics to track and how to structure a dashboard that supports smarter […]
Negotiation Techniques in Procurement: Creating Win-Win Outcomes Negotiation is a critical skill in procurement and sourcing. The goal is to reach an agreement that benefits both your organization and the supplier. Here are some techniques that can help create win-win outcomes: Preparation and Research: Before entering into negotiations, gather as much information as you can […]