Summary  Procurement has evolved beyond sourcing materials—the global web: more than just suppliers. It’s now a key business strategy, ensuring growth and resilience. Procurement expertise: the unsung hero of business strategy, turns risks into opportunities. Amid uncertainty, procurement professionals are navigating the storm: risk and resilience, leveraging tech disruption: the power tools of modern procurement […]

Summary  The hidden cost of ‘sustainable’ procurement often arises when businesses overlook key details. The overload of certifications can lead to inefficiency, while blind faith in labels: The greenwashing trap might expose companies to greenwashing. The cost of the short-term win over long-term value can backfire, just as ignoring the whole supply chain undermines sustainability […]

Summary  Transactional thinking in procurement in supply chain management often leads businesses to treat suppliers as mere vendors, focusing on short-term cost savings rather than long-term partnerships. The real value of supplier relationships goes beyond discounts, offering faster problem-solving, innovation opportunities, and better contract terms. Trust is key to resilience, especially during uncertain times, where […]

The difference between a successful project and one that unravels often comes down to a single factor: coordination. Picture this—a major infrastructure project with tight deadlines, multiple stakeholders, and shifting priorities. Without a skilled project coordinator, deadlines slip, budgets spiral, and communication gaps turn small setbacks into major crises. Project managers may be the face […]

Summary Sustainable procurement is no longer optional—businesses need to thrive in an evolving marketplace. The shift from cost-cutting to value creation is clear, as companies realise the long-term benefits of sustainable practices. However, the challenges of why businesses struggle to adapt remain, with businesses struggling to balance sustainability goals with cost pressures and complex supply […]

Summary  Sustainable procurement involves making purchasing decisions that benefit both the environment and business performance. Key principles of sustainable procurement include energy efficiency, waste reduction, low-carbon alternatives, and ethical sourcing. What is the relationship between cost and environmental impact? Green procurement can lead to long-term savings by reducing energy consumption, minimising waste, and optimising supply […]

Summary  Procurement spend analysis is the process of examining an organisation’s expenditure data to uncover insights for better decision-making and cost management. The promised benefits include cost savings, supplier performance optimisation, risk mitigation, and improved compliance. The case for the hype includes success stories where spend analysis has driven significant value, particularly with the help […]

Imagine waiting weeks for a product you ordered online, only to find out it’s been delayed due to shipping bottlenecks. This common frustration highlights the critical role of supply chain management in our daily lives. Behind the scenes, supply chains keep businesses running and ensure that goods reach consumers efficiently. With 90% of the world’s […]