What if your AI-powered procurement tool automatically rejected a supplier simply because they were from an emerging market? This isn’t just a hypothetical—it’s happening today. Artificial Intelligence (AI) is reshaping procurement, streamlining supplier selection, risk assessment, and contract management. But for all its promise, AI introduces ethical dilemmas that can’t…
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AI in government procurement—now that’s a big topic, right? The Australasian Procurement and Construction Council (APCC) has recently released a whitepaper that dives deep into this very subject. The paper, Artificial Intelligence in Government Procurement, is a fascinating read that explores not only the opportunities AI brings but also the…
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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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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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The future of procurement strategy is data driven. In fact, it should already be a reality in your organisation. I don’t believe this is something I have to convince you of. We all accept it. My question is: are we actually using data correctly? Do we really understand what data is? Do we even know if we have access…
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“What is the best deal you can offer me?” This question is at the heart of negotiations. Of course, a lot of factors must be taken into account when arriving at the answer. The “best deal” isn’t necessarily the lowest price, but the one that allows both parties to achieve their objectives….
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Data analytics has been the buzzword in the procurement industry for years, yet there are still many organisations that can’t articulate precisely what it can do for them. Not only has this prevented them from developing their data analysis capabilities, but it’s also meant that those companies who truly benefit…
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Robotic process automation is the latest weapon in the war to drive down costs, improve efficiency and stimulate innovation. Organisations worldwide are putting together teams dedicated to analysing all processes and identifying the tasks most suitable to RPA. Procurement is an area ripe for this type of innovation. Tasked with…
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In the 24 months leading up to 2020, 22% of Australian organisations lost over $7.1m to fraud. An additional 40% lost over $1.4m. Where there’s money, there’s temptation and, with large sums of money and many stakeholders involved, procurement is particularly vulnerable to corruption. We’re all aware of this. Awareness,…
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No, procurement officers, it’s not your imagination. People are staring. All eyes are on you. Hellish 2020 may be over, but now it’s February 2021 and companies are desperately trying to identify areas of cost-saving opportunity while shoring up a teetering supply chain. It’s time to step into the breach.
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.
