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You’re Probably a Victim of Procurement Fraud. Here’s How to Spot It and Stop It.

What is procurement fraud?

Procurement fraud is a huge issue right now. According to PwC, over 51% of organisations worldwide have been victims of fraud in the past two years. Additionally, there are rising concerns about irregularities and intentional misconduct during the procurement process due to negligence or deliberate actions rooted in collusion and…

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August Monthly Digest

Comprara August Monthly Digest

If you’ve been following the cricket or Women’s World Cup football you’ll appreciate what a roller coaster playing in the big time is – hero headlines one minute, villain the next. Latest Blogs About Cybersecurity and Procurement Risks In our digest this month we look at playing big-time procurement in “8…

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8 Procurement Risks to Watch Out For in Big Projects (and Their Solutions)

procurement risk management

Every procurement project comes with its risks. But the bigger, more complex projects can present unique issues, and with the extra time these projects can take to complete, there’s a greater chance of these issues cropping up. For the procurement professional a big project can be a career marker, but potentially a…

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Closing the Capability Gap in Procurement: 6 Strategies for Building and Retaining Talent

Procurement professionals

It’s in the nature of procurement people to always be on the lookout for the best deal. Given the rate of employee churn, it seems we carry this ethos through to our careers. This presents a problem for procurement teams trying to develop capability. When asked what the most important…

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Procurement Needs to Start Prioritising Cybersecurity. Here’s Why & How

Consequences of Poor Cybersecurity

It’s early 2018, and the world’s largest ID database, Aadhaar, suffers a breach, exposing information on more than 1.1 billion people. Last year, 10 million current and former Optus customers had personal information stolen in a hack. In the last month, Fortescue Metals Group suffered its own data breach, as…

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July Monthly Digest

July Monthly Digest

By now, I’m sure we all believe in the power of data-driven procurement.  In our July edition of the Comprara monthly digest Ben Shute talks about extending that to leverage data for strategic advantage. Latest Blogs About Data Analytics Brace yourself as we plunge into the realm of data analytics and its…

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Can Sustainable Procurement Save Our Planet? 6 Ways towards Sustainable Procurement

Sustainable Procurement Consultants

In the past, procurement was primarily concerned with cost reduction, and pursued it with the blinkers on. But attitudes have changed, and procurement is now seen as one of the key weapons in the fight against climate change. How should it be used? Is it realistic? And can procurement ultimately…

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8 Ways Data Analytics Helps Procurement Navigate Conflict & Weather Events

Supplier Risk Assessment

Since the GFC of ’08, procurement has endured a 15-year stress test. Power plant meltdowns, more powerful weather events than ever before, a pandemic and the continuing Russia/Ukraine conflict. How have we, as a function, learned to deal with events outside our control impacting on our supply chains? McKinsey put…

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7 Steps to Building a Premier Procurement Team

7 Steps to Building a Premier Procurement Team

There’s an exciting workplace culture shift taking place in the world of Procurement. Procurement teams have come a long way in establishing themselves as valuable business partners, going beyond the traditional role of acquiring products and services. They now harness the power of spend data as a conversation starter and…

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Top 5 Hottest Procurement Jobs in 2023

Procurement Services

Are you looking to further your career in procurement?  Good – you’ve got your eyes on a growth career. Recent surveys found that nearly half of organisations were looking to expand their procurement team last year.   But in what direction should you develop your procurement career?  Where are the top…

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