The capability and composition of your Procurement and Supply team play a crucial role in determining the success and strategic impact of the function. A capable procurement team goes beyond simple cost-cutting measures, driving value creation through innovation, risk management, stakeholder engagement and sustainable practices. This article explores the strategic…
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Have you noticed how procurement’s really stepped into the spotlight? Remember when procurement was just that back-office team, crunching numbers and chasing discounts? We’ve come a long way from just being the ‘purchasing department.’ These days, we’re right at the heart of business strategy. We’re driving innovation and shaping business…
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Welcome back! If you missed Part 1, we covered the fundamentals of the Environmentally Sustainable Procurement Policy (ESPP) and why it matters for Australian businesses and the environment. We also explored what the policy entails and how it encourages sustainable practices across high-impact procurement categories. Here’s a recap to get…
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The Australian Government is making strides towards sustainability with the upcoming Environmentally Sustainable Procurement (ESP) Policy, set to commence in July 2024. This policy aims to integrate circular economy principles into procurement practices, promoting environmental responsibility and innovation across various sectors. Here’s the low-down: What it is: The ESPP is…
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Here’s a day in the life of a Procurement Professional: “How did I not know about this? Why was this not on the sourcing project plan? When did you decide to go to market?” Many procurement professionals experience these moments of surprise and frustration, which typically arise from being brought…
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Welcome to Part 2 of our exploration into Strategic Sourcing Strategies. Having laid the groundwork by defining strategic sourcing and its key components in Part 1, we now turn our focus to the invaluable contributions of procurement consultants. In this segment, we will explore how these experts apply their deep market insights…
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“Give me six hours to chop down a tree, and I will spend the first four sharpening the axe.” Abraham Lincoln’s words echo profoundly in the world of strategic sourcing, where preparation, precision, and the right tools define the success of procurement strategies. A well-crafted strategic sourcing strategy that is…
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In this series, we discuss AI’s impact on procurement. We’ve unpacked GenAI in Part 1 and delved into the predictive power of Machine Learning in reshaping procurement strategies and decision-making in Part 2. In the final instalment, we pivot towards the negotiation arena, introducing Haggle Bots and discussing the broader cases…
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Welcome back to our exploration of AI’s impact on Procurement. If you missed Part 1, which covered the basics of AI in Procurement and the ground-breaking role of GenAI, make sure to catch up. Now, we dive deeper into Machine Learning and Predictive Analytics, demonstrating their pivotal roles in refining…
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Procurement is radically transforming with the introduction of Artificial Intelligence (AI). The potential is ginormous. Is that an enormous overstatement? Amara said that society tends to overstate the short-term effects of technology while underestimating its long-term implications. In this three-part series, we will explore how AI automates and optimises Procurement,…
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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.
