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Procurement

5 Steps for Creating Your Indigenous Procurement Policy

Engaging with Indigenous-owned enterprises is a key part of building your supplier diversity. Not only is it beneficial for your organisation, it helps an important community develop economically and gain more independence. For it to be done sustainably, you have to develop your own Indigenous Procurement Policy (IPP). In this…
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The Revolutionary Potential of Spend Analytics in Healthcare

Almost overnight, the COVID-19 pandemic forced the global medical industry to switch its procurement strategy from cost-reduction to value-driven. A new perspective was required as critical supplies of personal protective equipment (PPE), test kits, cleaning supplies and vaccines needed to be secured, and a disrupted supply chain dealt with. While…
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Capture the Power of Procurement in Mining

Here are two facts that demonstrate the massive global influence procurement in mining has.  Mining sites are operational for years, heavily influencing the communities around them and the fortunes of the companies that operate them. Procurement has the biggest say in the success (or otherwise) of these long-term projects. It…
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The Human Approach to Procurement

We were invited by Sue Barrett to contribute to Barrett’s 12 Sales Trends for 2023, titled “The Case for Human-centred Economics”. Below is the piece we wrote on the human approach to procurement. You can find Barrett’s full report here.[1]. I think we can all agree on procurement’s primary objective:…
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How Modern AI Can Help CPOs Embrace Their New Role

Gone are the days when Chief Procurement Officers only managed day-to-day procurement activities; CPOs are now strategic power players in their organisations. They are responsible for developing long-term partnerships with key suppliers, managing risks, driving innovation and digital transformation, and being a valuable asset to the company’s overall strategy. At…
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2023: The Year of Procurement Hygiene

As we enter the new year of 2023, it’s important to reflect on the past and consider how we can improve in the future. One area that organisations should focus on is procurement hygiene. Identify opportunities and clean up your act Procurement hygiene is a crucial component of any successful…
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2023 Will Be Hard on Procurement. Here’s How to Make it Easier & Gain an Advantage

2022 was arguably the hardest year on record for procurement teams worldwide. Unfortunately, the issues responsible for this aren’t disappearing with the coming of a new year, and some are only going to get worse. The constant pressure procurement teams have been under in recent years looks to be a…
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Spend Analytics Can Drive ESG Initiatives

Environmental, social and governance (ESG) initiatives are important strategy drivers for an increasing number of organisations worldwide. This is no longer only about responsibility to the environment and community we operate in (though that is motivation enough); these initiatives are now considered key drivers in the effort to gain greater…
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GDPR and Procurement: 9 Things You Should Know

Data protection has been a growing concern worldwide as more of our personal information moves online. In Australia, this concern has become acute recently after the hacking debacles at Optus and Medibank. Many have wondered, ‘How can this happen?’. Many are now asking, ‘How could this have been prevented?’. On…
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5 Steps to Begin Your ESG Journey

ESG is the current buzz-acronym of the corporate world, but high inflation and supply chain disruptions have led many businesses to move their focus elsewhere. This is a mistake. It was once assumed that businesses had to make a choice between doing what was right and doing what was profitable….
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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.