Artificial Intelligence & Machine Learning: What’s the Difference?
What’s the difference between artificial intelligence and machine learning in procurement
The Role of Procurement in the Post-Apocalyptic Retail Landscape
By now we’re all aware that the internet has brought about a retail apocalypse. Most of us tend to think this is due to the availability of online goods at significantly reduced prices. If reduced prices were all the internet offered, though, then only price-sensitive consumers would have been lured…
Read more.
The Power of Government Procurement
Nothing has the influence of government procurement when it comes to effecting positive change within a community. The level of purchasing power a government department has, and the decisions made within the tender process, can be real drivers for innovation. The challenge for government procurement officers, though, lies in nuance….
Read more.
Procurement in the Roaring ’20s
“May you live in interesting times”. A blessing or a curse? Perhaps that’s something to be determined in hindsight but, right now, it’s looking like 2020 will be an interesting year. At least. It has certainly started on fire, with significant parts of Australia in flames. At multiple fire fronts,…
Read more.
Cleaning Up Our Supply Chains
Right now, there are five slaves working for you around the world. That’s according to some estimates. Some have the number higher. It’s sobering reading, and a dampening note to begin the new year with. Before you click away, however, this article isn’t just doom and gloom. I want to…
Read more.
Procurement and Climate Change
Embracing Change in a New World Not much happens in this world without the process of procurement having an impact. It’s the omnipresent reality of a global economy driven by desire and consumption, and can be a powerful weapon for beneficial change, or untold misery. We touched on this in…
Read more.
The Supply Chain: We Change or We Burn
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…
Read more.
The Holy Trinity of Procurement Skills
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…
Read more.
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…
Read more.
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…
Read more.
