It’s in the nature of procurement people to always be on the lookout for the best deal. Given the rate of employee churn, it seems we carry this ethos through to our careers. This presents a problem for procurement teams trying to develop capability. When asked what the most important…
It’s early 2018, and the world’s largest ID database, Aadhaar, suffers a breach, exposing information on more than 1.1 billion people. Last year, 10 million current and former Optus customers had personal information stolen in a hack. In the last month, Fortescue Metals Group suffered its own data breach, as…
By now, I’m sure we all believe in the power of data-driven procurement. In our July edition of the Comprara monthly digest Ben Shute talks about extending that to leverage data for strategic advantage. Latest Blogs About Data Analytics Brace yourself as we plunge into the realm of data analytics and its…
In the past, procurement was primarily concerned with cost reduction, and pursued it with the blinkers on. But attitudes have changed, and procurement is now seen as one of the key weapons in the fight against climate change. How should it be used? Is it realistic? And can procurement ultimately…
Since the GFC of ’08, procurement has endured a 15-year stress test. Power plant meltdowns, more powerful weather events than ever before, a pandemic and the continuing Russia/Ukraine conflict. How have we, as a function, learned to deal with events outside our control impacting on our supply chains? McKinsey put…
There’s an exciting workplace culture shift taking place in the world of Procurement. Procurement teams have come a long way in establishing themselves as valuable business partners, going beyond the traditional role of acquiring products and services. They now harness the power of spend data as a conversation starter and…
Are you looking to further your career in procurement? Good – you’ve got your eyes on a growth career. Recent surveys found that nearly half of organisations were looking to expand their procurement team last year. But in what direction should you develop your procurement career? Where are the…
It’s a common question: If ESG initiatives are self-reported, why should we bother putting the time and money into pursuing them in earnest? The answer is that you absolutely should, and the reasons are threefold: Let’s take a more detailed look at each reason and then discuss how to do…
We may have hoped differently at the end of 2022, but high inflation is having its say in 2023. While this is creating a tough playing field globally, it’s a great opportunity for procurement teams to create value, build resilience and become that all-important strategic function organisations need them to…
Engaging with Indigenous-owned enterprises is a key part of building your supplier diversity. Not only is it beneficial for your organisation, it helps an important community develop economically and gain more independence. For it to be done sustainably, you have to develop your own Indigenous Procurement Policy (IPP). In this…
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