Strategies for Reducing Supplier Costs and Avoiding Price Rises If you haven’t already been hit by one of these 97 then chances are it’s right around the corner. So you need to do something about it. But what! Check out our list below and highlight the ones that you think…
Almost overnight, the COVID-19 pandemic forced the global medical industry to switch its procurement strategy from cost-reduction to value-driven. A new perspective was required as critical supplies of personal protective equipment (PPE), test kits, cleaning supplies and vaccines needed to be secured, and a disrupted supply chain dealt with. While…
Here are two facts that demonstrate the massive global influence procurement in mining has. Mining sites are operational for years, heavily influencing the communities around them and the fortunes of the companies that operate them. Procurement has the biggest say in the success (or otherwise) of these long-term projects. It…
One of the most significant challenges for companies is identifying modern slavery risks in their supply chain. Procurement spend analytics can help by providing companies with comprehensive supply chain data that can be used to identify and address modern slavery risks. Modern Slavery Statement’s Looming Deadline… and then what? The…
We were invited by Sue Barrett to contribute to Barrett’s 12 Sales Trends for 2023, titled “The Case for Human-centred Economics”. Below is the piece we wrote on the human approach to procurement. You can find Barrett’s full report here.[1]. I think we can all agree on procurement’s primary objective:…
Turnover is high. By some estimates, it’s double pre-pandemic levels. This is putting at significant risk the ambitions of procurement teams in 2023: increased adoption of digital solutions; strengthening strategic supplier relationships; further commitments to ESG initiatives. Without an adequate workforce, nothing of significance will be achieved. With many HR…
Gone are the days when Chief Procurement Officers only managed day-to-day procurement activities; CPOs are now strategic power players in their organisations. They are responsible for developing long-term partnerships with key suppliers, managing risks, driving innovation and digital transformation, and being a valuable asset to the company’s overall strategy. At…
Sustainability isn’t a buzzword anymore; thanks to customer demands (expectations, even) and government regulations, it’s the new normal. Unfortunately, the traditional, linear supply chain, with its resource-heavy inefficiency, doesn’t lend itself to this ESG-focused world. If organisations want to capture the loyalty of the contemporary customer and stay in the…
As we enter the new year of 2023, it’s important to reflect on the past and consider how we can improve in the future. One area that organisations should focus on is procurement hygiene. Identify opportunities and clean up your act Procurement hygiene is a crucial component of any successful…
2022 was arguably the hardest year on record for procurement teams worldwide. Unfortunately, the issues responsible for this aren’t disappearing with the coming of a new year, and some are only going to get worse. The constant pressure procurement teams have been under in recent years looks to be a…
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.
