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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‘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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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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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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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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The third edition of our Data Suite series takes a deep dive into organisational compliance, why you need it and how to manage it. Maverick spending is a problem. For some organisations, it accounts for up to 80% of total spend. To get on top of it, though, you need…
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The second edition of our Data Suite Series takes a look at data categorisation and the benefits of developing a procurement taxonomy. Data categorisation. It’s what every procurement team wants. It’s the next stage after a spend analysis, and it’s where the presentation of data starts yielding really useful and…
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It’s not about what you have; it’s how you use it. Anyone can collect data, but more and more organisations are struggling to visualise it in a manner which leads to actionable insights. If you want to see your spend data clearly, you have to put it in a spend…
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Expand or die. It may seem like a brutal ultimatum, but it holds some truth when it comes to the business world. Organisations, like the universe, cannot stay still: they expand or they contract. That’s it. If you want to keep operating, you have to keep growing. But this growth…
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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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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.
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