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Supplier & Contract Management

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Procurement and Supply Chain

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…
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You Shouldn’t Have! How to Manage Gifts from Suppliers

It used to be de rigueur. Gifts from suppliers, particularly around the festive season, were commonplace and expected. Up until the end of the 20th century, tickets to corporate boxes at the footy match or meals at fine-dining restaurants were all part of doing business, and a gift policy rarely…
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How to Implement Proper Vendor Risk Management

What is vendor risk management?

For the vast majority of organisations, key strategic imperatives involve the use of third party suppliers. To achieve processing efficiency and cost savings, among other objectives, there’s simply no other way. But, as much as sourcing and offshoring initiatives are beneficial, they’re not without their risks. And as supply chains…
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5 Tips for Developing a Winning Category Strategy

What is category management?

What is category management? Humans love to group things. We’re wired to do it because it makes life easier. Animals go in one group, tools in another. Why? Quick processing and appropriate reactions. Animals might pose a threat, whereas a screwdriver isn’t something we need to run way from. Category…
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3 Ways the New VGPB Policy Can Reduce Your Risk Profile

For many government agencies, getting aligned with the new VGPB goods and services policy is a daunting task. But nothing worth doing is easy, and what the new policy can do for your procurement processes is certainly worth pursuing. Traditionally – and this may sting – public procurement is done…
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Give it to Me Straight: How to Write Effective Tender Evaluations

For procurement officers, the job is never done. You may have gone to market and found the right tender, but now it’s time to convince the decision-makers. Tender evaluations are powerful documents, with the ability to greenlight a project and get the contract underway quickly, or act as a roadblock,…
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Price Benchmarking: The most important element of strategic sourcing

Have you done price benchmarking lately?

Are you getting the best price from your suppliers? If you haven’t conducted a price benchmark, then this question should be keeping you up at night. Humans like to get comfortable. We like to establish routines and then settle into them like a big, plush, La-Z-Boy recliner. This attitude, however,…
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5 Steps for a Robust Contingency Plan

Contingency plan

The modern supply chain is a beast, operating on a ‘just-in-time’ basis at a large scale. This fast and loose style works well when things are going smoothly and predictably, but when disaster strikes – like a pandemic – the vulnerabilities can no longer be ignored. The best way to…
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6 Tips for Supplier Risk and Performance Management

supplier risk and performance management

The common thought is that COVID-19 has exposed weaknesses in our supply chains. The reality, however, is that most organisations have been dealing with significant unforeseen vulnerabilities and disruptions for at least the past decade. The word to focus on in that sentence is ‘unforeseen’. Admittedly, there are some disruptions…
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2021 Has Put the Spotlight on Supply & Contract Management (and it doesn’t look good)

Nothing is more pressing right now than getting a handle on your supply & contract management. Given that supply & contract management is such a fundamental part of any business, this might seem a ludicrous statement; surely everyone has sorted out their supply & contract management hygiene by now? Short…
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