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Data Analysis

5 Ways Procurement Technology Can Help You Do More With Less

Investment in procurement technology

A global recession, geopolitical turmoil and a continuing talent shortage: these are the risks that procurement teams are dealing with now and will deal with for the foreseeable future. All told, it means doing more with less, in terms of both capital and personnel. To cope, an increasing number of…
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Procurement Needs to Start Prioritising Cybersecurity. Here’s Why & How

Consequences of Poor Cybersecurity

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…
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8 Ways Data Analytics Helps Procurement Navigate Conflict & Weather Events

Supplier Risk Assessment

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…
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Procurement Teams Without Spend Visibility Will Be D.O.A.

Supplier Chain Management

CPOs running their procurement operations without visibility into spend are committing procurement malpractice according to a recent article in CPO Rising. The article predicts that procurement teams without spend visibility will be dead-on-arrival. In the procurement world, spend visibility is the foundation of good decision-making. Without it, businesses are operating…
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How a Mastery of Procurement Data Analytics Can Make You a C-Suite Leader.

Procurement Data Analytics

How to Succeed Amid Conflicting C-Suite Views. Your C-Suite colleagues are facing ever more complex decisions to navigate through some tough economic times and increasing demands by consumers and government on the way you do business as much as the products you provide. Various players around the C-suite table may…
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Procurement Spend Analytics: A Powerful Tool in the Fight Against Modern Slavery

Procurement Spend Analytics

One of the most significant challenges for companies is identifying modern slavery risks in their supply chain. Procurement spend analytics can help by providing companies with comprehensive supply chain data that can be used to identify and address modern slavery risks. Modern Slavery Statement’s Looming Deadline… and then what? The deadline for submitting the Modern Slavery…
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2023: The Year of Procurement Hygiene

Procurement Hygiene Priorities - Procurement Consulting Services

As we enter the new year of 2023, it’s important to reflect on the past and consider how we can improve in the future. One area that organisations should focus on is procurement hygiene. Identify opportunities and clean up your act Procurement hygiene is a crucial component of any successful…
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Spend Analytics Can Drive ESG Initiatives

Track and report on ESG initiatives with Spend Analytics

Environmental, social and governance (ESG) initiatives are important strategy drivers for an increasing number of organisations worldwide. This is no longer only about responsibility to the environment and community we operate in (though that is motivation enough); these initiatives are now considered key drivers in the effort to gain greater…
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GDPR and Procurement: 9 Things You Should Know

9 Essential Things You Need to Know About GDPR and Procurement

Data protection has been a growing concern worldwide as more of our personal information moves online. In Australia, this concern has become acute recently after the hacking debacles at Optus and Medibank. Many have wondered, ‘How can this happen?’. Many are now asking, ‘How could this have been prevented?’. On…
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How to Pitch to C-Suite

How to Pitch to C-Suite - Comprara

‘It’s not the right time’. ‘I’d need to run this past…’ ‘It’s food for thought.’ ‘No.’ These are familiar responses to anyone who has pitched an idea to management. If you’re finding them triggering, I apologise, but hang in there: there’s light at the end of this tunnel. Preparing a…
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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.