Summary COVID-19 changed the business landscape as we know it, permanently. The priorities that face businesses in the new normal must be informed by the lessons learned as a result of the pandemic. The future of procurement, therefore, has a renewed focus on knowledge building and the value of professionals driving the development of organisations […]
Summary In the wake of COVID-19, higher value addition across our business processes is vital. How do digitalisation and greater efficiency help us achieve this? The role digitalisation plays in people-driven procurement: Despite the digital future of virtually every business process, the personal relationships between businesses and suppliers are set to play a major role […]
Summary Getting accustomed to the new normal means that your business operations must move away from short-term survival and towards driving value in more sustainable ways. Having witnessed the impact of COVID-19 in 2020, we know this means preparing for a future of remote working. Training helps your teams work together: Due to the nature […]
Summary The relationship between a business and the environment is often complex and full of hidden contradictions. Given the current global climate, however, the need for eco-conscious business operations has never been higher. Here is how procurement BPO can help a business achieve this integrated goal. Outsourcing supports more efficient resource allocation: Specialisation cannot be […]
Summary Identifying a clear roadmap for your procurement function can help you discover the future of your business. In order to do this, a company must distance itself from its current operations. In this Kronos Group blog post we explore: The tools you need to build a clear procurement roadmap: Ensure that your company has […]
Summary There are four key features that spell success for any procurement function—regardless of industry or size. They are: A robust risk management process: Risk management is an essential component of any business. Post-COVID-19, the requirement for greater crisis preparation is more urgent than ever before. Even if a risk management process cannot be geared […]
Summary All businesses are on the path to digitalisation. The rapid pace at which technology adapts, however, means that this journey is in constant progress. Benefitting from the many advantages of a more streamlined digital procurement process enhances your business from the inside-out. It helps you: Create transparency: transparency is a valuable feature for any […]
Summary Procurement transformation is a business-wide move towards streamlining and improving your procurement function for greater efficiency and effectiveness. This is especially useful, post-crisis, to strengthen your business operations and optimise them for accelerated recovery. By giving effect to purchasing transformation, you create higher-value addition through: Sustainable crisis management and recovery: As we adapt to […]
Summary: Procurement training can add significant value to more than just your procurement function. When you enhance the performance of your procurement arm, your entire organisation benefits. Discover how procurement training enhances human capital, business resilience, and business performance by adding value to every critical function. Respondents who worked at companies with fewer than 100 […]