Kronos

Category: On Procurement

What does the EU’s latest regulations on foreign subsidies mean for finance and procurement?

Summary The newest regulations proposed by the EU fulfil the express purpose of analysing non-EU foreign subsidies that fell into a regulatory gap before the proposal of the newest regulations.  For the governing process, the EU has also introduced three key tools including: The investigation of foreign contributions valued at a minimum of €50 million […]

How procurement consulting and spend management can optimise your SRM

Summary  Supplier relationship management (SRM) is a rising priority in the procurement and supply chain industry, especially in the wake of COVID-19. There is no replacement or digital tool for the human interaction through which supplier relationships are formed.  There are, however, ways that a business can facilitate better SRM through the optimisation of the […]

What does procurement data integration mean in the Procurement 4.0 era?

Summary  When it comes to navigating the new wave of digitalisation, namely Industry 4.0, it often feels like a trial and error process. Finding the right solution that will complement your business style and accelerate its growth is not a straightforward process. The key to successful digitalisation is in establishing priorities early on to guide […]

How can a procurement interim manager help you achieve your short-term goals?

Summary: Hiring an interim manager for your procurement function can add value to your business on a faster timeline. These professionals are an effective way to keep a business lean and competitive in the current business climate.  In this blog post, Kronos Group dives into: The function of short-term purchasing managers: Their fresh perspective, swift […]

How procurement transformation can help us navigate global resource shortages

Summary The current business landscape is experiencing severe supply shortages caused by the pandemic. Businesses are struggling to procure the materials they need to sustain their day-to-day operations. While your business may not be directly affected by global resource shortages, you may feel the pressure of supply shortages as disruptions expand to other industries. By […]

How to achieve and maintain procurement excellence

Summary The modern business environment is volatile and poses many threats to your procurement function. To mitigate the current risks and improve the overall performance of the procurement arm, businesses must achieve procurement excellence. Achieving excellence in the procurement function requires a collaborative approach from all parties involved to align procurement and supply chain operations […]

The advantages of procurement business partnering for gradual COVID-19 recovery in 2021

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 […]

WEBINAR RECAP: How procurement consulting achieves business efficiency on a timeline

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 […]

Why the cost and effort of remote procurement training may be what your company needs

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 […]

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