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Procurement

The Supply Chain: We Change or We Burn

The Supply Chain Management

Proverbs and Anecdotes When I was asked to contribute to the Barrett 2020 Sales Trends Report, the invitation posed a question: “With everything we need for positive change and progress available to us now, why wait for a crisis to secure our future?” Immediately, all the proverbs warning against change…
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The Holy Trinity of Procurement Skills

Procurement Skills Assessment

There’s a joke among engineers that new grads lament not taking more maths subjects during their degree but, as they progress, rue not improving their communication skills. Procurement professionals don’t have the luxury of hindsight. From day one, our ‘soft skills’ make or break us. According to the Ikaros community, the…
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How could the $40million NAB Executive fraud been avoided?

Forty million! That is how much an ex-NAB executive was able to defraud from the bank before being detected. What would happen to your business if you lost even a fraction of that kind of money? Trust is important in a business. But so is vigilance against untrustworthy people. People…
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Three Startups on a quest to change how we procure

Blockchain-Based Procurement Start-Ups

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

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?!

Procurement professionals have plenty of fuel interacting with suppliers - 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?

Is Adaptability a Procurement Skill?

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?

Procurement Professionals

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?

What will the landscape of procurement be in 2025?

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 - Comprara

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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