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Welcome back! If you missed Part 1, we covered the fundamentals of the Environmentally Sustainable Procurement Policy (ESPP) and why it matters for Australian businesses and the environment. We also explored what the policy entails and how it encourages sustainable practices across high-impact procurement categories. Here’s a recap to get…
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The Australian Government is making strides towards sustainability with the upcoming Environmentally Sustainable Procurement (ESP) Policy, set to commence in July 2024. This policy aims to integrate circular economy principles into procurement practices, promoting environmental responsibility and innovation across various sectors. Here’s the low-down:  What it is: The ESPP is…
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Here’s a day in the life of a Procurement Professional:  “How did I not know about this? Why was this not on the sourcing project plan? When did you decide to go to market?”   Many procurement professionals experience these moments of surprise and frustration, which typically arise from being brought…
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Welcome to Part 2 of our exploration into Strategic Sourcing Strategies. Having laid the groundwork by defining strategic sourcing and its key components in Part 1, we now turn our focus to the invaluable contributions of procurement consultants.   In this segment, we will explore how these experts apply their deep market insights…
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“Give me six hours to chop down a tree, and I will spend the first four sharpening the axe.” Abraham Lincoln’s words echo profoundly in the world of strategic sourcing, where preparation, precision, and the right tools define the success of procurement strategies. A well-crafted strategic sourcing strategy that is…
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Procurement consulting goes beyond simply finding the cheapest supplier. It’s a strategic approach to optimising the entire procurement process, aligning it with your business objectives to unlock significant value.   If you missed Part 1, be sure to catch up on our introduction to procurement consulting’s strategic significance. Now, in…
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Introduction Procurement consulting has become crucial for businesses since it assists companies in optimising what they spend and how they spend which is pivotal for managing costs, driving for value (and competitive advantage) and reducing risk. 1% improvement in procurement can deliver results equivalent to a 10% increase in sales….
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Introduction In our first discussion titled “Open vs Closed Tenders: the Benefits & the Downsides” we covered the basics of open and closed tenders, highlighting the benefits and drawbacks of each. Open tenders open the door to a broader array of suppliers, promoting transparency and competition, but can lead to…
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In the first part of our series, we delved into the foundational elements of procurement maturity models, from assessing the current state to charting a path towards a transformative future vision. We underscored the strategic importance of these assessments and the tangible benefits they offer. Equally crucial, we touched upon…
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Procurement is a critical strategic function that significantly impacts an organisation’s bottom line and operational efficiency. Leaders increasingly recognise the adoption of procurement maturity models as essential. These models offer a method to evaluate the effectiveness of an organisation’s procurement activities, covering aspects such as process efficiency, digitalisation, supplier management,…
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