Risky Business: The Alarming Truth Behind Government Contract Failures
$100m Defence-KPMG contract faces challenges, highlighting procurement issues, spend visibility, and the importance of risk management in Australia’s defence modernisation.
2023: The Year of Procurement Hygiene
As we enter the new year of 2023, it’s important to reflect on the past and consider how we can improve in the future. One area that organisations should focus on is procurement hygiene. Identify opportunities and clean up your act Procurement hygiene is a crucial component of any successful…
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You Shouldn’t Have! How to Manage Gifts from Suppliers
It used to be de rigueur. Gifts from suppliers, particularly around the festive season, were commonplace and expected. Up until the end of the 20th century, tickets to corporate boxes at the footy match or meals at fine-dining restaurants were all part of doing business, and a gift policy rarely…
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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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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…
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