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spend analysis

Why it’s time to move on from Electronic Resource Planning (ERP) platforms

Life is cluttered with ERPs

NSYNC, The Simpsons, chokers. Some things just seemed cool in the nineties. Now… not so much. And in terms of business management, we’ll add ERPs to that list. Sure, the organisation you run or work for may have purchased an Electronic Resource Planning platform more recently – even this year…
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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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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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Procurement Skills for the future: predict the future with predictive analysis

Data is the new oil

Data is the new oil, but how will it fuel procurement in the future? One way is for data to predict the future. Currently, the focus of data analysis is to examine the past. Spend analysis and management involve processing and analysing data to decrease procurement costs, improve efficiency and…
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Procurement Basics: Where should we pro-actively use Supplier Relationship Management (SRM)?

Supplier Relationship Management

First of all a question for buyers, be you CEOs, CIOs, HoEs, PMs, CatMans etc. “Do you have unlimited time and resources?” No, of course not! Our time and resources are limited, therefore we need to apply pragmatic Effort/Benefit considerations to all activities including SRM, using KPIs etc etc Secondly,…
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The majority of CPO’s do not believe their team have the skills to deliver!

The majority of CPO’s do not believe their team have the skills to deliver! Now, this is an opinion that really counts.  324 Senior procurement leaders, across 33 countries with a combined total representing US$4.4 trillion?  Surely their opinion counts? But what exactly are we counting here?  The recent Deloitte…
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