Blog


Spend Analytics Can Drive ESG Initiatives

Environmental, social and governance (ESG) initiatives are important strategy drivers for an increasing number of organisations worldwide. This is no longer only about responsibility to the environment and community we operate in (though that is motivation enough); these initiatives are now considered key drivers in the effort to gain greater…

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Address Cost Pressures & Modern Slavery Reporting with Data Analytics

The construction industry is under significant pressure at the moment. A perfect storm of expensive, scarce materials coupled with extra compliance reporting obligations have brought the pain, and its focal point is the procurement team. With rising prices, businesses in this industry are under pressure to come up with cost-effective…

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Labour Hire: Keep the Advantages, Leave the Risks with ProcureTRAK

Labour costs are rising and the transient workforce is growing. In response, many organisations are relying on labour hire and recruitment agencies more than at any other time. This has its advantages – and its risks. If you’re the average organisation, you aren’t doing enough to manage these risks. Of…

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GDPR and Procurement: 9 Things You Should Know

Data protection has been a growing concern worldwide as more of our personal information moves online. In Australia, this concern has become acute recently after the hacking debacles at Optus and Medibank. Many have wondered, ‘How can this happen?’. Many are now asking, ‘How could this have been prevented?’. On…

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How to Pitch to C-Suite

‘It’s not the right time’. ‘I’d need to run this past…’ ‘It’s food for thought.’ ‘No.’ These are familiar responses to anyone who has pitched an idea to management. If you’re finding them triggering, I apologise, but hang in there: there’s light at the end of this tunnel. Preparing a…

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Project Charters – The Ultimate Category Transformation: The Data Suite Series #6

Effective procurement is a journey. From spend analysis and data categorisation through to compliance, contract management and opportunity analysis, there are stations along the way where we can stop, get off and use what we’ve learned up to that point. But if you want to put into action every scrap…

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5 Steps to Begin Your ESG Journey

ESG is the current buzz-acronym of the corporate world, but high inflation and supply chain disruptions have led many businesses to move their focus elsewhere. This is a mistake. It was once assumed that businesses had to make a choice between doing what was right and doing what was profitable….

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Why Procuring Insurance Is Different

Are You Making the Big Mistakes Without Knowing It? Procuring insurance is different from procurement in any other industry due to the unique relationship between client, insurance broker and insurer.  Industry practices such as “reserving” can block you from getting the best price for your insurance, and if you’re a…

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4 Ways to Mobilise Your Team to Reduce Costs

We could blame the pandemic, or high inflation, or world events wreaking havoc on global supply chains. But the simple fact is, reducing costs will always be a high priority for every organisation, no matter what’s happening externally. And one of the best ways to achieve this is by mobilising…

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Maximise Your Precious Resources with Opportunity Analysis: The Data Suite Series – #5

All organisations have one particular concern in common: proper allocation of finite resources. The difference between doing this right and doing it wrong is boom and bust. This concern touches all aspects of business, but none more so than procurement. With the rise of globalisation, supply chains have swelled into…

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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.