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Procurement

Open vs Closed Tenders: the Benefits & the Downsides

Open vs Closed Tenders: the Benefits & the Downsides

Which tendering process is right for what you’re trying to source? Choose wisely – the wrong path can put you in bed with the wrong supplier, which always leads to unwanted ramifications for the broader business.  There are, obviously, many steps to the procurement process, but none more important than choosing whether to…
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What Is a Procurement Spend Cube?: The Data Suite Series – #1

What Is a Procurement Spend Cube?

It’s not about what you have; it’s how you use it. Anyone can collect data, but more and more organisations are struggling to visualise it in a manner which leads to actionable insights. If you want to see your spend data clearly, you have to put it in a spend…
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5 Ways Procurement Can Expand Your Business

5 Ways Procurement Can Expand Your Business

Expand or die. It may seem like a brutal ultimatum, but it holds some truth when it comes to the business world. Organisations, like the universe, cannot stay still: they expand or they contract. That’s it. If you want to keep operating, you have to keep growing. But this growth…
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What Goes Into a Value Chain Analysis?

Procurement Consultant Experts - Comprara

What is your competitive advantage? If you hesitate when asked, then take cold comfort in the fact that you’re not alone. Too many businesses haven’t performed an adequate value chain analysis, which means they can’t know precisely what value they’re generating and which areas to target for gain. If you…
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Negotiation Approaches in Procurement – 5 Key Tips

Procurement Negotiation Strategies

It’s one of the oldest art forms in the world, but that doesn’t mean negotiation doesn’t need an update every now and again. A pandemic, supply chain issues and high inflation have combined to transform the negotiation landscape in 2022. Tactics we once relied upon may be more damaging than…
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Fast-track Your Career with the IFPSM Certification

Procurement and Supply Chain

Contract management, project management, category management, strategy, negotiation… a procurement officer needs to be skilled in many areas to adequately perform their role. With the rise of digital applications within the industry, such as AI and machine learning, the skill base is only getting broader. It goes without saying that…
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Navigating the Great Resignation

like Social & Sustainable Procurement

An event as profound and far-reaching as the COVID-19 pandemic was always going to affect how we see things. For employees, this has meant looking around at their organisation and wondering if this is where they want to be. October 2019 saw a 26% jump in the number of employees…
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Uncertainty is the New Certainty

All procurement teams need to ask themselves a question: are we getting any better at responding to disruptive events? Over the past decades, we’ve had plenty of practice. Climate change is intensifying weather events all over the globe, leading to more devastating bushfires, tsunamis, floods and droughts. In the background,…
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Procurement Can Drive Decarbonisation

How can procurement influence decarbonisation?

Hurricanes in the Philippines, cyclones in North and Central America, flash flooding in Afghanistan and, of course, bushfires in Australia. There’s no place in the world that isn’t immune to the devastating effects of global warming. As we draw inevitably closer to the 1.5°C increase in average global temperatures, things…
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The 6 Competencies You Need for Digital Procurement

Supply Risk Management

Digitising the procurement function is your number one priority. Along with nearly all procurement teams worldwide, you’ve already started this process. Unfortunately, you’ve no doubt discovered significant skills gaps preventing you from taking full advantage of all that digitisation has to offer. You’re not alone. 83% of respondents to an…
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