Summary The benefits of procurement extend far beyond cost savings and efficiency. It plays a critical role in improved cash flow management, enhanced financial planning, and budget control, enabling businesses to optimise spending and maintain financial flexibility. Procurement also supports risk mitigation and cost avoidance by managing supplier reliability and ensuring compliance with regulations. Through […]
Summary A project risk management plan outlines how to identify, analyse, and manage potential risks throughout a project. It begins with risk identification, where potential risks are recognised early. Then, risk analysis and assessment help evaluate their potential impact. Risk response planning follows, determining strategies to mitigate or avoid these risks. Risk monitoring and control […]
Summary The role of data analytics in digital transformation is crucial for navigating today’s competitive landscape. Many organisations face challenges in using data effectively, but those that do unlock key benefits for strategic growth—from faster decision-making to personalised customer experiences. To maximise impact, companies should follow best practices for data analytics: establish clear objectives to […]
Summary Ethics are essential for success, as it promotes transparency, trust, and accountability. What are ethics in project management? They are guiding principles like integrity and fairness that drive responsible decision-making. Project managers often face common ethical dilemmas in project management, such as resource misallocation and conflicts of interest. Ethical leadership influences project outcomes by […]
Summary AI is revolutionising project management by streamlining tasks and enhancing decision-making. While AI in project management is a function that automates processes like scheduling and risk assessment, the role of human expertise in project management remains crucial for leadership, creativity, and emotional intelligence. However, there are potential challenges of AI in project management and […]
Procurement significantly impacts various aspects from the supply chain to overall profitability. It is estimated that procurement accounts for approximately 50-75% of business costs, underscoring its importance for organisations seeking to enhance efficiency and maintain a competitive edge. There is an increasing focus on cost reduction within procurement. Organisations are actively pursuing intelligent and strategic […]
88% of leaders anticipate an even faster rate of change, underscoring the urgency for organisations to adapt. With 60% viewing change as an opportunity and 68% expecting revenue growth to accelerate, the momentum is palpable. However, despite this optimism, more than half admit they are not fully prepared to tackle transformations. This highlights a critical […]
Summary Do technology and human skills complement each other to mitigate risks in the procurement process? Yes, they do, as modern procurement faces various risks, including supply chain disruptions and compliance issues. The risks in modern procurement processes can significantly impact businesses, leading to financial losses and reputational damage. The impact of risks in the […]
Did you know that 96% of organisations are currently leveraging AI in their procurement processes? This surge in adoption reflects the growing recognition of AI’s potential to streamline operations and enhance decision-making. Among the most common applications, 77% of companies use AI for market intelligence gathering and analysis, followed by 74% for automating data entry […]
Julie Brand
A part of Kronos Group’s team since 2018, Julie is a leader who has honed her specialisation in business transformation and utilised her expansive financial expertise to power business strategy and add value to what we do. She has amassed experience (Pfizer, Sony, AXA, SMEC, Tradelink) all over the world in strategy, project management, analysis, and supply chain.