Procurement will always be about three things: getting the right product or service in a timely fashion for the lowest price. The best way of achieving this, however, changes with the times. Over the last couple of years, supply chains have been buffeted by geopolitical instability, natural disasters and a…
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A global recession, geopolitical turmoil and a continuing talent shortage: these are the risks that procurement teams are dealing with now and will deal with for the foreseeable future. All told, it means doing more with less, in terms of both capital and personnel. To cope, an increasing number of…
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Reimagining how quick service restaurants (QSRs) approach the specification, sourcing, and management of COGS can yield substantial benefits, including cost reduction, alignment with evolving consumer preferences, as well as effective risk management. Over the last ten years, the quick service restaurant sector has grappled with considerable profitability challenges. Intensified competition,…
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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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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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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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We may have hoped differently at the end of 2022, but high inflation is having its say in 2023. While this is creating a tough playing field globally, it’s a great opportunity for procurement teams to create value, build resilience and become that all-important strategic function organisations need them to…
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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…
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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 deadline for submitting the Modern Slavery…
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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:…
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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.
