Blog

Every year, thousands of small businesses in Australia struggle with cash flow challenges, not because they’re unprofitable, but because they’re waiting to get paid. Late payments cost small businesses more than just money – they impact jobs, growth, and innovation across our economy. For many small business owners, it’s the…
Read more.

Read more >

Having laid the foundation of strong supplier relationships in Part 1, exploring effective communication and trust-building, it’s time to turn our attention to the analytical tools and strategies that drive Supplier Relationship Management (SRM) to new heights. In this part, we will explore how performance metrics, risk management, negotiation tactics,…
Read more.

Read more >

Imagine a company that consistently saves millions annually while maintaining top-notch product quality and pioneering innovations in its industry. The secret behind such success often lies in effective supplier relationships. Strong supplier relationships are the backbone of successful procurement, and their impact is profound. According to a Deloitte study, businesses with well-managed supplier relationships can achieve up to…
Read more.

Read more >

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…
Read more.

Read more >

The business world is the most complex, interwoven, ever-shifting community on our planet. No man is an island? The saying is truer for an organisation. We are, in essence, only as strong as our supply chains. It follows, therefore, that building strong supplier relationships must be a core tenet of…
Read more.

Read more >

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…
Read more.

Read more >

Strategies for Reducing Supplier Costs and Avoiding Price Rises If you haven’t already been hit by one of these 97 then chances are it’s right around the corner.  So you need to do something about it.  But what!  Check out our list below and highlight the ones that you think…
Read more.

Read more >

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…
Read more.

Read more >

Sustainability isn’t a buzzword anymore; thanks to customer demands (expectations, even) and government regulations, it’s the new normal. Unfortunately, the traditional, linear supply chain, with its resource-heavy inefficiency, doesn’t lend itself to this ESG-focused world. If organisations want to capture the loyalty of the contemporary customer and stay in the…
Read more.

Read more >

Are You Making the Big Mistakes Without Knowing It? Procuring insurance is different from procurement in any other industry due to the unique relationship between client, insurance broker and insurer.  Industry practices such as “reserving” can block you from getting the best price for your insurance, and if you’re a CFO a lack of knowledge about how the insurance industry really works can leave…
Read more.

Read more >