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 Internal finance strategising is important to help a business create specific objectives. External finance consulting, however, adds a valuable perspective and expertise to your business. Finance consulting can help you: Gain access to a wealth of expertise: Experience and industry knowledge join forces in a finance consultant to provide lasting advantages to a business. […]
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 […]
Summary: The advantages of digitalisation are clear. Post-COVID-19, these will prove necessary to help a business recover from the crisis and return to efficiency. Digitalisation also creates opportunities for higher value addition. Kronos Group’s partnership with Ivalua has expanded our procurement expertise. It has also added a strong foundation for our specialised insights. Learn more […]
Summary: Procurement is a critical business function that is evolving, constantly, to suit the priorities of the market. One way procurement maintains a system of continuous improvement is through digitalisation. Dive into this post for insights into how e-procurement is transforming the industry, how it helps a business adapt to shifting priorities, and how our […]
Summary: Fierce competition in today’s global markets, products with shorter life cycles, and heightened expectations of customers have forced businesses to invest in and focus their attention on their supply chains. This, together with continuing advances in communication and transportation technologies, has supported the continuous evolution of the supply chain and the techniques used to […]