Summary The new industrial revolution: redefining the old guard, digital transformation is reshaping manufacturing with real tech making a real impact. Beyond the buzzwords, AI and IoT drive efficiency, enabling manufacturers to break old rules and optimise production. Reimagining productivity through digital integration, companies harness the power of real-time decision-making to stay ahead. When the […]
Summary Sustainability is no longer just a trend; it is a competitive edge in procurement. Many companies fall into “the compliance trap: Where many get stuck,” focusing solely on meeting regulations without creating real value. To break free and lead the shift for procurement compliance, procurement leaders must rethink supplier selection, embrace circularity, leverage technology, […]
Summary The impact of automation on cost reduction in procurement significantly affects cost-saving initiatives by streamlining processes and enhancing decision-making. How AI enhances cost reduction includes leveraging data-driven insights, optimising inventory management, and identifying cost-saving opportunities. Effective procurement strategies also focus on improving supplier management and negotiations, using AI for better evaluation and risk management. […]
Summary The procurement landscape is evolving, with stricter regulations reshaping business operations. The regulatory shift: What is changing? Businesses must now prioritise transparency, ESG reporting, and digital transformation. What are the biggest challenges in procurement management? Companies face supply chain risks, compliance burdens, and the struggle to balance costs with regulatory demands. How to stay […]
Summary AI is enhancing procurement operations management by providing capabilities such as automation, predictive analytics, and real-time risk assessment. However, there are several things AI cannot do in procurement operations management, like handling negotiations, understanding context, and making ethical decisions. As the role of procurement operations management is shifting from transactional tasks to strategic decision-making, […]
Procurement plays a crucial role in ensuring that the right materials and services are obtained at the right price, quality, and time, supporting the overall success and efficiency of the business. Procurement can involve purchasing raw materials, equipment, or even outsourced services, and it works closely with other departments like finance, operations, and marketing to […]
Summary A procurement risk assessment matrix is a strategic tool that helps organisations identify, assess, and prioritise risks within their procurement processes. However, common misconceptions: the box-ticking mindset can undermine its effectiveness, reducing it to a compliance task rather than a strategic asset. Unlocking the real value of the procurement risk assessment matrix involves aligning […]
Summary The real-time imperative in procurement highlights the growing need for data-driven decision-making. Procurement analytics empowers teams to make smarter, more informed choices by providing real-time insights into spending, supplier performance, and risks. Core capabilities of digital procurement analytics for real-time decision-making include real-time spend visibility, dynamic supplier risk management, predictive analytics, and automated alerts. […]
Geopolitical unrest remains the top concern for supply chains, affecting 58% of business leaders, followed closely by shortages in raw materials at 44%. These disruptions have led to significant challenges for companies, from delayed shipments to increased costs. In fact, 52% of business leaders believe they could improve their supply chains to better handle such […]
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.