Summary 2023 has so far been a notable year in the post-pandemic era, having a considerable impact on businesses around the world that are still on the journey of recovery and normalisation of key functions including procurement. Challenges to procurement remain multifaceted this year as in the years before, with the main challenges to global […]
Summary In the backdrop of increased pressure on organisations to follow more strict policies in reducing emissions, cutting back on pollution and waste, as well as conserving resources to reduce the social costs of their operations, there is a great need to take strategic steps to cement green sourcing and procurement within corporate strategy. By […]
Summary Getting the sourcing strategy right forms a major component of driving value for organisations through their procurement functions. Specialist consulting services can allow businesses to boost the effectiveness and efficiency of these efforts to optimal levels by utilising specialist knowledge and expertise in strategy development and alignment and leveraging market intelligence and analysis to […]
Summary Financial services and insurance industries are generally tightly regulated and have to remain compliant with a host of standards. Understanding procurement in financial services and insurance industries in a way that is specific to each organisation will allow procurement leaders to streamline procurement processes and boost returns from procurement operations. Several measures can be […]
Summary Procurement is a vast process that involves not just sourcing, negotiating, purchasing, and managing contracts, but it could also extend well beyond this scope to include procurement auditing, assessing vendor performance, processing advanced analytics, and so much more. Industrial procurement is an avenue where partnering with the right service provider can enable organisations to […]
Summary The best practices for procurement in the pharmaceutical sector start with ensuring the availability of medicines and medical devices, maintaining optimal quality and safety, as well as establishing cost-effectiveness for sustainable operations. It is also important to ensure that procurement functions are aligned towards complying with ethical practices and maximising transparency and accountability so […]
Summary Indirect expenses in procurement can be easily missed when organisations lay out their plans for overall cost-cutting, leading to reduced effectiveness and missed potential for greater savings. To provide insights to prevent this scenario, we have to start by understanding what indirect expenditure in procurement is. This will help organisations detect and identify hidden […]
Summary The management of procurement risk requires organisations to focus their efforts on many aspects of their operations. The first measure is to conduct a risk assessment to identify vulnerabilities which will allow organisations to spot potential areas from which procurement risk can arise. Organisations should also carry out due diligence before supplier selection and […]
Summary When exploring the reasons sustainable procurement is gaining prominence in construction, it is revealed that sustainable procurement in construction and allied industries is essential for promoting environmental sustainability, social responsibility, and economic growth. As such, sustainable procurement is a critical aspect of modern construction practices, and organisations should strive to follow the steps for […]
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.