Welcome to the second installment of our deep dive into Strategic Procurement Consulting. In Part 1, we explored the day-to-day realities of the job and the crucial client interactions that define success in this field. Now, we’re taking a closer look at the skills, responsibilities, and strategies that set top…
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In today’s rapidly evolving business landscape, the role of a Strategic Procurement Consultant has never been more crucial. Organizations are increasingly turning to these experts to optimize their supply chains, drive innovation, and reduce costs—all while aligning procurement strategies with broader business goals. But what does this role actually entail…
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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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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.
