Welcome to Part 2 of our exploration into Strategic Sourcing Strategies. Having laid the groundwork by defining strategic sourcing and its key components in Part 1, we now turn our focus to the invaluable contributions of procurement consultants. In this segment, we will explore how these experts apply their deep market insights…
“Give me six hours to chop down a tree, and I will spend the first four sharpening the axe.” Abraham Lincoln’s words echo profoundly in the world of strategic sourcing, where preparation, precision, and the right tools define the success of procurement strategies. A well-crafted strategic sourcing strategy that is…
In this series, we discuss AI’s impact on procurement. We’ve unpacked GenAI in Part 1 and delved into the predictive power of Machine Learning in reshaping procurement strategies and decision-making in Part 2. In the final instalment, we pivot towards the negotiation arena, introducing Haggle Bots and discussing the broader cases…
Welcome back to our exploration of AI’s impact on Procurement. If you missed Part 1, which covered the basics of AI in Procurement and the ground-breaking role of GenAI, make sure to catch up. Now, we dive deeper into Machine Learning and Predictive Analytics, demonstrating their pivotal roles in refining…
Procurement is radically transforming with the introduction of Artificial Intelligence (AI). The potential is ginormous. Is that an enormous overstatement? Amara said that society tends to overstate the short-term effects of technology while underestimating its long-term implications. In this three-part series, we will explore how AI automates and optimises Procurement,…
Procurement consulting goes beyond simply finding the cheapest supplier. It’s a strategic approach to optimising the entire procurement process, aligning it with your business objectives to unlock significant value. If you missed Part 1, be sure to catch up on our introduction to procurement consulting’s strategic significance. Now, in…
Introduction Procurement consulting has become crucial for businesses since it assists companies in optimising what they spend and how they spend which is pivotal for managing costs, driving for value (and competitive advantage) and reducing risk. 1% improvement in procurement can deliver results equivalent to a 10% increase in sales….
Introduction In our first discussion titled “Open vs Closed Tenders: the Benefits & the Downsides” we covered the basics of open and closed tenders, highlighting the benefits and drawbacks of each. Open tenders open the door to a broader array of suppliers, promoting transparency and competition, but can lead to…
In the first part of our series, we delved into the foundational elements of procurement maturity models, from assessing the current state to charting a path towards a transformative future vision. We underscored the strategic importance of these assessments and the tangible benefits they offer. Equally crucial, we touched upon…
Procurement is a critical strategic function that significantly impacts an organisation’s bottom line and operational efficiency. Leaders increasingly recognise the adoption of procurement maturity models as essential. These models offer a method to evaluate the effectiveness of an organisation’s procurement activities, covering aspects such as process efficiency, digitalisation, supplier management,…
Comprara Pty Ltd
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.
