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Procurement

Three Startups on a quest to change how we procure

Cryptocurrencies are back in the news, but not for the right reasons. Crypto prices have crashed; people have lost money. The critics are gleeful, while supporters urge faith. So it would seem that no, we won’t be procuring goods and services up and down the supply chain using Bitcoin just…
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Trust me I am in procurement

What does it mean to trust someone? It certainly does not mean that we know everything about them. Indeed, after a certain point, further information is meaningless.  Studies have shown that once an impression is made, new facts don’t necessarily trigger a reassessment. If our trust is formed based on…
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Is anyone sick of VUCA?!

VUCA

Did we need to add a new acronym to our vocabulary? VUCA.   VUCA stands for volatile, unpredictable, complex and ambiguous; it is the word that summarise the world in which we currently live. In many ways, we have always lived in a VUCA world, but the nostalgia can often make…
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Is Adaptability a Procurement Skill?

Adaptability

Recruiting experts, Hays conducted a survey of 951 employers to discover what skills are they believe are the most in demand (also, will continue to be in demand going forward). The top five skills turned out to be: Communication (77%), Adaptability (66%), Digital proficiency in relevant new technology (64%), Innovation…
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If she is blockchain…do you trust?

Blockchain

What is trust? The dictionary defines trust as “a firm belief in the reliability, truth or ability of someone or something.” Although, do we have a “firm belief”? How often do you stop to think about the people or organisations you trust? When was the last time you asked why…
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You are brilliant at procurement today. But will you be tomorrow?

Behind every successful product and service is a brilliant procurement team … a team who finds innovation, and uncovers value. Procurement has contributed to the delivery of outstanding global business achievements … global communications … economically providing essential services for those who need them the most, … making electronics more…
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Procurement 4.0 for Industry 4.0

Procurement 4.0

Overview. Over the course of the last few weeks, we have discussed a number of trends that are taking us into a brave new world of Business and Industry. We have explored topics such as big data, increased automation and discussed other subjects that fall under the broad umbrella term…
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Procurement in the future: Humans need not apply

Future of Procurement

Are humans obsolete? It’s a strange question to ask, but if you read articles commenting on the current rise of automation, robotics and artificial intelligence, you cannot escape the notion that many futurists believe that we should all prepare to be replaced by machines. To be fair, there is some…
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Who is responsible for your procurement competency development?

LEAP Academy of procurement

EdAssist and the University Phoenix explored the question of “who is responsible” for their study titled “The Real Story Behind Career Development: Who is Responsible?” found a marked difference in perspective between workers and managers. Most workers believe that it is the responsibility of their employers’ to help develop their…
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Can robots take your procurement job?

Procurement Robots

Robotic Process Automation (RPA) is here and, for the most part, it is a great innovation. Procurement chiefs have long lamented that their teams spend too much time on administrative tasks and not enough on “growth-enhancement” activities. Robots in Procurement can readily assume these mundane tasks thereby freeing up intellectual…
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