We were invited by Sue Barrett to contribute to Barrett’s 12 Sales Trends for 2023, titled “The Case for Human-centred Economics”. Below is the piece we wrote on the human approach to procurement. You can find Barrett’s full report here.[1]. I think we can all agree on procurement’s primary objective:…
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Turnover is high. By some estimates, it’s double pre-pandemic levels. This is putting at significant risk the ambitions of procurement teams in 2023: increased adoption of digital solutions; strengthening strategic supplier relationships; further commitments to ESG initiatives. Without an adequate workforce, nothing of significance will be achieved. With many HR…
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2022 was arguably the hardest year on record for procurement teams worldwide. Unfortunately, the issues responsible for this aren’t disappearing with the coming of a new year, and some are only going to get worse. The constant pressure procurement teams have been under in recent years looks to be a…
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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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ESG is the current buzz-acronym of the corporate world, but high inflation and supply chain disruptions have led many businesses to move their focus elsewhere. This is a mistake. It was once assumed that businesses had to make a choice between doing what was right and doing what was profitable….
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We could blame the pandemic, or high inflation, or world events wreaking havoc on global supply chains. But the simple fact is, reducing costs will always be a high priority for every organisation, no matter what’s happening externally. And one of the best ways to achieve this is by mobilising…
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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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External spend can typically run from 30 to 70 percent of a company’s total expenditure, depending on the industry. It’s a staggering amount – but it’s also an opportunity. This level of expenditure can be used to transform a business by not only reducing costs, but by achieving competitive advantage…
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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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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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