5 Ways Procurement Can Expand Your Business
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…
Spend Analysis for Data-Driven Decisions
A lack of information used to be the issue for procurement departments. Now that we’re drowning in it, the problem has shifted; how do we organise all this data into some kind of coherent story? Procurement can only be as effective as the data it understands, and too many organisations…
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….
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.
How agile is your supply chain?
7 Keys to a Successful Reverse Auction
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?…
Procurement Challenges Facing CPOs
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…
What part can procurement play in kick-starting the economy?
Melbourne is in lockdown. Again. Many are asking, ‘How did we get here?’. The answer is multifaceted and, unfortunately, procurement played its part. The Conversation recently published an excellent article on the role procurement had in Melbourne’s clumsy hotel quarantining, including its influence on the troubled private security industry. We…
The 6 Key Skills You’ll Need to Support Business Recovery Post-Pandemic
Life used to be simple. There were blue collar workers and white collar workers. You either wore denim to the factory or starched and pressed whites to the office. Now, though, the coronavirus lockdown has introduced a “new” collar. The pyjama shirt collar. When we begin to leave lockdown, some…