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 […]
The growing role of data analytics in modern procurement is transforming how organisations approach decision-making and process optimisation. By leveraging data-driven insights, businesses are enhancing the efficiency and effectiveness of their procurement strategies. With 75% of companies now prioritising data analytics and reporting improvement initiatives, the shift toward digitalisation is evident. Notably, this transformation is […]
Summary Project planning consultants improve and impact project success rates by aligning projects with organisational goals through strategic frameworks and advanced methodologies. They excel in risk management, resource optimisation, and leveraging data-driven decision-making and predictive analytics to address challenges proactively. By integrating change management processes and enhancing stakeholder engagement, consultants minimise resistance and streamline execution. […]
Summary An agile procurement process is a strategic decision for businesses as it fosters adaptability, innovation, and responsiveness to market changes. The benefits that agile procurement offers include increased flexibility, faster decision-making, and better alignment with business goals. Understanding the role organisational culture plays in procurement is crucial, as it impacts the success of agile […]
Summary Reskilling and upskilling are crucial for maintaining a competitive edge. Effective cost management in procurement can fund these initiatives by reallocating savings from streamlined processes and strategic decisions. By investing in learning technologies, supplier partnerships, and internal upskilling, organisations can boost employee development and future-proof their workforce. The link between cost savings and reskilling […]
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.