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Artificial Intelligence

5 Reasons to Use Reverse Auctions in 2022

“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: Develop Core Skills, Outsource the Rest

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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5 Ways Robotic Process Automation (RPA) Benefits Procurement

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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Stay on Top of Probity with Cutting Edge AI

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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Procurement Strategy for an Unpredictable World

A person thinking about procurement strategy

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…
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The Spend Profile: It’s Time You Got to Know Your Own Company

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.

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Voice Activation & Bot Purchasing: Welcome to the Future of Procurement

Back in 2016, Gartner predicted that “About 30% of searches will be done without a screen by 2020”. The following year, Oracle suggested that a significant portion of the sales executives are either already using chatbots or planned to use them by 2020. Well, it’s 2020, so how did these…
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COVID-19: Transforming the Procurement Landscape

Procurement in the era of COVID-19

Working From Home memes have gone to a new level since the COVID-19 pandemic. Most of them focus on the lack of work being done when the boss isn’t around to look over our shoulder, which is one reason why companies have been loath to embrace the work from home…
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Digital Alignment: The What and the How

Woman from procurement communicating with a colleague

A lack of communication kills many things. From relationships to profit margins, misinterpretation and silence can lay waste to nearly all aspects of human life. It’s frustrating, because it’s fixable. Failed IT projects account for $14 billion in losses every year for the world’s biggest 500 companies, and it’s all…
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The Rise of DataOps: The Competitive Edge You Need

“Decision makers are used to making judgments. Any CEO understands statistics at a gut level, because that’s what they do every day. They may not know the math behind it, but the idea of collecting evidence, iterating on it and basing decisions on this is intuitive for executives.”  Paco Nathan…
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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.