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Procurement

Negotiation using Hagglebots

Negotiation using Hagglebots - Procurement Department

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!”

Digital Procurement Bot Powered By Artificial Intelligence

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

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?!

Procurement professionals have plenty of fuel interacting with suppliers - 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?

Global Procurement Capability Benchmark. To Participate In The Global Be

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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Can Automation Help With Sustainability?

Automation

People have known the importance of sustainability for a long time, with interest in sustainability eddying and flowing with societal anxiety over resources. ? However, while companies used to embrace sustainability as a way to save money, the latest McKinsey Global Survey on the topic finds that the top reason…
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If she is blockchain…do you trust?

Procurement Professionals

What is trust? The dictionary defines trust as “a firm belief in the reliability, truth or ability of someone or something.” Although, do we have a “firm belief”? How often do you stop to think about the people or organisations you trust? When was the last time you asked why…
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It’s 2018, time to reflect – and see the wood from the trees.

Global Procurement Capability Benchmark?

Though it might seem like a completely arbitrary line in the eternal sands of time, the New Year is still a good time to reflect. With 2018 still in its infancy, may we suggest taking the time to accept our invitation to participate in the inaugural Global Procurement Capability Benchmark?…
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Competition vs Collaboration

Competition vs collaboration

How do you approach negotiation as a procurement professional? Do you go in looking to get the best deal possible? What does it even mean to get the best deal? Unfortunately for many procurement departments, getting the best deal means getting the lowest price possible. Procurement departments are still largely…
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Procurement 4.0 for Industry 4.0

Procurement 4.0 - Comprara

Overview. Over the course of the last few weeks, we have discussed a number of trends that are taking us into a brave new world of Business and Industry. We have explored topics such as big data, increased automation and discussed other subjects that fall under the broad umbrella term…
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