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Procurement

Comprara has a new leadership team!

Milan Panchmatia has been named as joint Group CEO and will work alongside current Founder & CEO Ben Shute at procurement consultancy Comprara

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Artificial Intelligence & Machine Learning: What’s the Difference?

Man looks suspiciously at AI

What’s the difference between artificial intelligence and machine learning in procurement

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Let’s Celebrate: We’re taking over PI Day

Join the Comprara and Purchasing Index Team to take over Pi Day #PIDayTakeover  #PIDay  Pi Day on March 14th is an annual opportunity for maths enthusiasts around the world to recite the infinite digits of Pi, talk to their friends about maths, and to eat Pie.  But this year we’re…
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7 Tips to Shine During EOFY Period

Because time waits for no one! At the end of financial year – motivation definitely drives decisions, and there is no shortage of motivation from stakeholders to purchase nor suppliers to sell. This is a match made in heaven and an opportunity for you to really shine. Whilst the current…
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It is dirty work, this data business

Data Analysis

 “I’m an oil man, ladies and gentlemen. I have numerous concerns spread across this state. I have many wells flowing at many thousand barrels per days. I like to think of myself as an oil man”. – Daniel Plainview, There Will Be Blood Data is the new oil; many people…
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Negotiation using Hagglebots

hagglebots

Procurement is about making deals. What does it mean to make deals in 2019? For too long, savings has dominated the procurement agenda. A success of a procurement department is measured by how much value they derive for the organisation and yes, of course this comes down to savings on…
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“Let us welcome our newest chatbot to the team!”

Remember the good old days where most manager’s had personal assistants? You may not because it has been many decades since it was viable to have a large pool of secretaries to whom you could delegate tasks. Technological aids have facilitated the self-service model which in-turn has seen the decline…
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Trust me I am in procurement

What does it mean to trust someone? It certainly does not mean that we know everything about them. Indeed, after a certain point, further information is meaningless.  Studies have shown that once an impression is made, new facts don’t necessarily trigger a reassessment. If our trust is formed based on…
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Is anyone sick of VUCA?!

VUCA

Did we need to add a new acronym to our vocabulary? VUCA.   VUCA stands for volatile, unpredictable, complex and ambiguous; it is the word that summarise the world in which we currently live. In many ways, we have always lived in a VUCA world, but the nostalgia can often make…
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Does data give your day a va-va-va voom?

Data

Is data the most disruptive force for procurement, or if used correctly, can it power us forward? In 2016, EY released a paper exploring the role of analytics in procurement. The paper is well worth the read, and this got me thinking about two of the ways analytics would change…
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