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Procurement

8 Procurement Risks to Watch Out For in Big Projects (and Their Solutions)

procurement risk management

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 potentially a…
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Closing the Capability Gap in Procurement: 6 Strategies for Building and Retaining Talent

Procurement professionals

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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7 Steps to Building a Premier Procurement Team

7 Steps to Building a Premier Procurement Team

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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Top 5 Hottest Procurement Jobs in 2023

Procurement Services

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 top…
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6 Ways Procurement Can Fight Inflation

Procurement and Supply Chain Initiatives

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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5 Steps for Creating Your Indigenous Procurement Policy

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

Spend Analytics in Healthcare Procurement

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

Comprara - Mining Procurement Consultant

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

Human Approach to Procurement - Comprara

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

Procurement Strategies for cpos - Comprara

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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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.