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Data Analysis

Procurement Fraud: It’s time to say ‘no’ to the quid pro quo

A hand reaching down for money sitting in a bear trap, representing procurement fraud

Globally, the cost is US$3.7 trillion annually. Your organisation alone is losing anywhere from $10,000 to $150,000 a year. For some departments, that’s a conservative figure. Based on these numbers alone, you’d assume those in managerial positions would be doing everything they can to stop the bleeding but, for several…
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5 Steps for a Robust Contingency Plan

Contingency plan

The modern supply chain is a beast, operating on a ‘just-in-time’ basis at a large scale. This fast and loose style works well when things are going smoothly and predictably, but when disaster strikes – like a pandemic – the vulnerabilities can no longer be ignored. The best way to…
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6 Tips for Supplier Risk and Performance Management

supplier risk and performance management

The common thought is that COVID-19 has exposed weaknesses in our supply chains. The reality, however, is that most organisations have been dealing with significant unforeseen vulnerabilities and disruptions for at least the past decade. The word to focus on in that sentence is ‘unforeseen’. Admittedly, there are some disruptions…
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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 New VGPB policy is a Massive Opportunity – if you do it right

Let’s agree on one thing: the new VGPB goods and services policy looks daunting. It’s unlikely that many VGPB expansion agencies will be currently compliant with it and getting there is a complex and sometimes confusing process. However, there’s no denying the benefits this policy can bring to your organisation….
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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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How agile is your supply chain?

Three people staring at a ticking clock, wondering if they have an agile supply chain

Now is the time to ensure you can respond quickly to changes in your supply chain. ‘Let’s face it – it can’t get any worse.’ This came from a man on ABC News, talking about the impact of COVID-19. It’s an optimistic statement at best, but more likely famous last…
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7 Keys to a Successful Reverse Auction

Reverse auctions

Reverse Auctions are a great way to generate significant cost savings. According to CNBC, companies are typically saving 10 to 20% by using reverse auctions, but I’ve also seen others quote savings over 30%. However, it’s got to be done right. So, how do you run a successful reverse auction?…
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It’s Time to Think About the Total Cost of Ownership

United symbols of business and environment, achieved though total cost of ownership

‘High quality, affordable products, and services that don’t harm the environment, delivered on demand!’ Sound familiar? That’s the mantra of the modern customer. No longer is it acceptable to sacrifice quality for a cheaper price tag. Nor is it acceptable to cut corners at the expense of the environment and…
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Procurement Challenges Facing CPOs

A chain with a weak link, and text asking how resilient is your supply chain

Travel to Australia is down by 60% due to COVID-19. It’s just one of the many blows to the economy caused by the pandemic. This unprecedented drop in GDP is leading to a potentially seismic shift in how procurement is viewed and how it can make organisations across Australia more…
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