Data analytics has been the buzzword in the procurement industry for years, yet there are still many organisations that can’t articulate precisely what it can do for them. Not only has this prevented them from developing their data analysis capabilities, but it’s also meant that those companies who truly benefit…
Robotic process automation is the latest weapon in the war to drive down costs, improve efficiency and stimulate innovation. Organisations worldwide are putting together teams dedicated to analysing all processes and identifying the tasks most suitable to RPA. Procurement is an area ripe for this type of innovation. Tasked with…
The future is bright for those organisations who adopt green supply chain management. By 2025, the global consuming class is expected to have swelled by 75 per cent since 2010. In addition, incomes are growing and people are spending a larger portion of their budget on consumer goods. If companies…
It’s a seller’s market, which means traditional negotiation tactics don’t hold up any longer. Inflation is pushing prices up and sellers are passing this on. Banging a fist on the table and demanding a cost reduction will get you nowhere. More likely, the seller will walk, find another buyer and…
A lack of information used to be the issue for procurement departments. Now that we’re drowning in it, the problem has shifted; how do we organise all this data into some kind of coherent story? Procurement can only be as effective as the data it understands, and too many organisations…
What’s the ROI of your supply chain diversity programs? If you’re struggling to come up with a number for this, you’re not alone. A poll taken as part of Supplier Diversity Discussions asked companies what the primary reason was for having a supplier diversity program. The most common reason by…
Contract management, project management, category management, strategy, negotiation… a procurement officer needs to be skilled in many areas to adequately perform their role. With the rise of digital applications within the industry, such as AI and machine learning, the skill base is only getting broader. It goes without saying that…
An event as profound and far-reaching as the COVID-19 pandemic was always going to affect how we see things. For employees, this has meant looking around at their organisation and wondering if this is where they want to be. October 2019 saw a 26% jump in the number of employees…
All procurement teams need to ask themselves a question: are we getting any better at responding to disruptive events? Over the past decades, we’ve had plenty of practice. Climate change is intensifying weather events all over the globe, leading to more devastating bushfires, tsunamis, floods and droughts. In the background,…
Hurricanes in the Philippines, cyclones in North and Central America, flash flooding in Afghanistan and, of course, bushfires in Australia. There’s no place in the world that isn’t immune to the devastating effects of global warming. As we draw inevitably closer to the 1.5°C increase in average global temperatures, things…
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Comprara Pty Ltd
Comprara acknowledges the traditional Aboriginal owners of country, recognises their continuing connection to land, water and community and pays respect to Elders past, present and future.
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