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19 Nov 2018

Adopting digital transformation

Adopting digital transformation successfully is a global theme within procurement. The emergence of technologies such as AI, blockchain and virtual reality means there are a multitude of ways that technology can be harnessed to improve efficiency. A recent study from CIPS found that almost 95% of procurement professionals believe that digital transformation will fundamentally change […]

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19 Nov 2018

Benefits of Demand Challenge

Demand challenge and good demand management is an essential part of procurement. Demand challenge can be defined as evaluating a specification to ensure a product or service isn’t over spec’d. For example, can a specification be downgraded and still serve its purpose without a risk to supply? Is it a necessity or just on the […]

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30 Oct 2018

Managing Cultural Change Within A Corporate Organisation

Managing cultural change within an organisation is often one of the biggest barriers to transformation. In fact, a recent Booz and Company study suggested that 96% of leaders believe cultural change is needed in their organisation. Supporting cultural change is a large part of what a procurement consulting firm can do as part of the […]

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22 Oct 2018

How can a Procurement Function support a CFO?

For a procurement function to be at its most effective it needs to be working in close conjunction with all other elements of the business. There is a particularly close collaboration with procurement and the Chief Financial Officer, and this blog post examines how procurement can support a CFO. Establish payment terms to support working […]

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15 Oct 2018

Overview of Procurement and managing continual improvement within digital businesses

Managing continual improvement within an organisation’s procurement function is vital for its growth, especially for rapidly changing digital businesses. Businesses within the digital sector need to be open to regular transition to stay ahead of competitors in a quickly evolving market. Continual improvement can be challenging to implement though and requires a well-defined strategy. Identify […]

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01 Oct 2018

Using a procurement specialist to take energy and petro-chemical businesses to the next level in the Middle East

Energy and petro-chemical businesses in the Middle East are going through a dramatic phase of transition as emerging markets become more prevalent. The GCC countries contributed 11 per cent of global petrochemical capacity growth over the past decade, making an important contribution to the region’s economies and diversifying them away from their dependence on oil […]

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01 Oct 2018

Supplier Relationship management

As supply chains become increasingly complex, integrated, and global, supplier relationship management is a critical component of an effective procurement process. It is crucial to identify the right stakeholder to take ownership of supplier relationships, and to integrate strategic objectives of the whole supply chain. A recent survey from CapGemini found that supplier relationship management […]

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