Market research in procurement is the process of gathering and analysing information about suppliers, products, services and market conditions to make informed procurement decisions. It is a crucial step in the procurement process that helps organisations identify potential suppliers, assess their capabilities, and understand market dynamics. We’ve drawn on our…
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What can procurement consultants deliver? Procurement consultancy is interesting that it blends very specialized expertise along with focus. And you know, what we’ve done for them is that we’ve done some project management work around the overall business improvement program throughout their organisation. And, you know, certainly the CEOs came…
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In an age where diversity and choice reign supreme, the recent report by the Joint Committee of Public Accounts and Audit (JCPAA) highlights an irony in the Commonwealth’s procurement approach. The analogy of ‘AusTinder’ – as coined by Julian Hill MP – is fitting. Just as in the realm of…
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Reimagining how quick service restaurants (QSRs) approach the specification, sourcing, and management of COGS can yield substantial benefits, including cost reduction, alignment with evolving consumer preferences, as well as effective risk management. Over the last ten years, the quick service restaurant sector has grappled with considerable profitability challenges. Intensified competition,…
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Procurement fraud is a huge issue right now. According to PwC, over 51% of organisations worldwide have been victims of fraud in the past two years. Additionally, there are rising concerns about irregularities and intentional misconduct during the procurement process due to negligence or deliberate actions rooted in collusion and…
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Every procurement project comes with its risks. But the bigger, more complex projects can present unique issues, and with the extra time these projects can take to complete, there’s a greater chance of these issues cropping up. For the procurement professional a big project can be a career marker, but…
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It’s in the nature of procurement people to always be on the lookout for the best deal. Given the rate of employee churn, it seems we carry this ethos through to our careers. This presents a problem for procurement teams trying to develop capability. When asked what the most important…
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There’s an exciting workplace culture shift taking place in the world of Procurement. Procurement teams have come a long way in establishing themselves as valuable business partners, going beyond the traditional role of acquiring products and services. They now harness the power of spend data as a conversation starter and…
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Are you looking to further your career in procurement? Good – you’ve got your eyes on a growth career. Recent surveys found that nearly half of organisations were looking to expand their procurement team last year. But in what direction should you develop your procurement career? Where are the…
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We may have hoped differently at the end of 2022, but high inflation is having its say in 2023. While this is creating a tough playing field globally, it’s a great opportunity for procurement teams to create value, build resilience and become that all-important strategic function organisations need them to…
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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.
