A recent report conducted by Accenture among supply chain leaders revealed that when it comes to being advanced in terms of technology, talent and processes, only 4% of organisations meet this level – and only 34% are expected to reach the future-ready status by the end of 2023.

In this episode - procurement recruitment specialist Lucy Harding knows exactly what she is looking for to recruit top talent.  She believes the pandemic has shone a light on the vital role of the procurement community at the highest levels of strategic decision-making.  

Tail spend has a specific set of challenges, quite different to those faced with the management of strategic spend. We recently spoke with several procurment leaders about some of these challenges and how they might be addressed.

During the past year, the need for more resilient supplier networks has steadily risen to the top of every CPO's importance list.

Tender results are in - now selecting your suppliers and getting to work with them needs to be seamless. Speed to contract can be a big barrier for small suppliers looking to work with large organisations, yet a reduced tender-to-contract time benefits everyone. In this blog we’ll look at how to create a streamlined and successful route to contract, ensuring a swift process which results in gaining what you need from each contractor relationship.

Tenders: a lengthy and complex process best used for procuring large contracts? It may be the generally accepted view, but it’s not necessarily the right one. This article will outline why competitive tenders are effective for the procurement of any services - big or small.

Total cost of ownership, or TCO for short, is a term most usually associated with assets, goods and software. Procurement takes the base price of the asset, add the cost of shipping, import duties and warehousing and then finally work out any forecasted costs of managing, repairing or decommissioning the asset through its lifetime within the business.

The procurement world is emerging from the paralysis of lockdown to discover the landscape before them is quite different.  The urgent need to cut costs, supplier chain disruption, longer lead-times, higher supply prices and rapid changes to internal budgets.

It’s the new kid in town but Lean Methodology is no stranger. Manufacturing businesses have been using lean thinking for decades to streamline processes, saving time and waste. But why aren’t more service-led organisations capitalising on the benefits Lean can bring?