Kronos Group

Author: Kronos Group

How spend management solutions can be improved to address business and economic volatility

Summary  Today’s corporate landscape is marked by economic volatility, affecting budgeting, risk management, and operational efficiency. According to Grant Thornton’s 2022 Q1 CFO Survey, 80% of CFOs face increased costs and 50% plan price hikes to combat inflation. Spend optimisation solutions allow firms to navigate volatilities by offering methods to manage expenses, mitigate risks, enhance […]

How does project management excellence foster innovation and creativity?

Summary  97% of organisations consider project management vital for business performance. Achieving project management excellence involves meticulous planning, execution, and adaptability. Creativity and innovation in project management are crucial to achieving this and can be facilitated through brainstorming sessions, diverse team collaboration, and iterative improvements. Techniques for encouraging creativity within project management call for effective […]

How do project management consulting firms promote digital transformation?

Summary  Project management consulting firms play a crucial role in propelling digital transformation through their adeptness in formulating strategies, selecting technology solutions, and allocating resources. Project management firms evaluate a company’s preparedness for digital transformation by appraising an organisation’s preparedness through preliminary evaluations and gap analyses, subsequently constructing personalised roadmaps, and delineating strategic blueprints for […]

Why competitive procurement methods must be adopted in the face of market volatility

Summary  Volatility is crucial for investors as it reflects the risk and uncertainty of their investments. Factors contributing to increased volatility include global economic uncertainty driven by trade tensions and geopolitical risks, which impact investment decisions and supply chain management strategies. In response to these risks, competitive procurement methods ensure cost efficiency, transparency, and risk […]

How to make use of a procurement agency to build a resilient supply chain in the face of climate change

Summary  Supply chains in the business world are increasingly vulnerable to disruptions caused by climate factors. However, supply chains are often neglected during decision-making processes that prioritise immediate cost-cutting and revenue growth. The impact of neglecting the supply chain during decision-making has significant consequences for companies, including production delays, low inventory levels, and financial setbacks. […]

How does digitalisation in procurement for the healthcare industry balance compliance and operational efficiency?

Summary  In the changing world of healthcare, it is very important to have efficient procurement processes. The current state of healthcare procurement is a complicated process. There are many steps involved and it frequently depends on old-fashioned paper systems. The challenges of healthcare procurement can take up to 45% of a hospital’s budget for running […]

Will AI procurement software transform the procurement process?

Summary AI is significantly impacting the business world, particularly in procurement, where it automates tasks and aids in decision-making. However, challenges such as complex setup, heavy investment, security risks, lack of human judgement, and customisation constraints exist.  While AI procurement software streamlines processes, traditional procurement consultants provide irreplaceable human expertise, adaptability, and personalised solutions. They […]

How do procurement consulting providers facilitate personalisation through maturity assessments?

Summary Procurement consulting is crucial for companies to enhance their supply chain, reduce costs, and optimise efficiency. Consultants navigate businesses through complex areas like supplier partnerships, contract management, and strategic sourcing to establish streamlined and cost-effective processes that align with company objectives. The importance of understanding procurement maturity assessment is apparent in this context as […]

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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.