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Get to Know Your Business with a Commercial Business Review

External spend can typically run from 30 to 70 percent of a company’s total expenditure, depending on the industry. It’s a staggering amount – but it’s also an opportunity. This level of expenditure can be used to transform a business by not only reducing costs, but by achieving competitive advantage…

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Data Categorisation: The Data Suite Series – #2

The second edition of our Data Suite Series takes a look at data categorisation and the benefits of developing a procurement taxonomy. Data categorisation. It’s what every procurement team wants. It’s the next stage after a spend analysis, and it’s where the presentation of data starts yielding really useful and…

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Open vs Closed Tenders: the Benefits & the Downsides

Which tendering process is right for what you’re trying to source? Choose wisely – the wrong path can put you in bed with the wrong supplier, which always leads to unwanted ramifications for the broader business.  There are, obviously, many steps to the procurement process, but none more important than…

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What Is a Procurement Spend Cube?: The Data Suite Series – #1

It’s not about what you have; it’s how you use it. Anyone can collect data, but more and more organisations are struggling to visualise it in a manner which leads to actionable insights. If you want to see your spend data clearly, you have to put it in a spend…

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5 Ways Procurement Can Expand Your Business

Expand or die. It may seem like a brutal ultimatum, but it holds some truth when it comes to the business world. Organisations, like the universe, cannot stay still: they expand or they contract. That’s it. If you want to keep operating, you have to keep growing. But this growth…

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4 Steps to Address the Skills Gap

narrow the skills gap with Comprara

The pandemic was a torture test for the procurement industry, applying immense pressure and exposing considerable fault lines. 86% of respondents to a McKinsey survey believe they are currently facing significant gaps in procurement capability directly as a result of COVID-19. More broadly, 87% of companies say they are facing…

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4 Vital Criteria of Supplier Selection

Few things have more impact on a business than supplier selection. Who you work with and where you source your materials and resources determine your future success. This isn’t only about providing a product or service that performs as needed, but about what it took to create it. Price is…

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What Goes Into a Value Chain Analysis?

What is your competitive advantage? If you hesitate when asked, then take cold comfort in the fact that you’re not alone. Too many businesses haven’t performed an adequate value chain analysis, which means they can’t know precisely what value they’re generating and which areas to target for gain. If you…

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7 Reasons why eLearning outperforms the classroom

Modern eLearning outperforms the classroom when it comes to delivering an engaging and efficient syllabus. I don’t know about you, but my lessons at school, university or professional development training have not always gone at the pace I wanted. They were either too fast, too slow and even if they…

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5 Reasons to Use Reverse Auctions in 2022

“What is the best deal you can offer me?” This question is at the heart of negotiations. Of course, a lot of factors must be taken into account when arriving at the answer. The “best deal” isn’t necessarily the lowest price, but the one that allows both parties to achieve their objectives….

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Comprara acknowledges the traditional Aboriginal owners of country, recognises their continuing connection to land, water and community and pays respect to Elders past, present and future.