Summary The procure-to-pay cycle is crucial for maintaining a smooth flow of processes. Procure-to-pay is the alignment of procurement and purchase management, which leads to increased efficiency, better cash flow management, better compliance, and more transparency and accountability, which builds satisfaction across all stakeholder groups. In this blog, we discuss the role of procure-to-pay and […]
Summary Supplier relationship management (SRM) is a vital process for objective achievement and business survival. This blog identifies the approaches taken for supplier management and the mechanisms used to improve supplier relationship management strategies. Data has shown that supply chain disruptions normally account for a 62% loss in finances for businesses. Thus, it is important […]
Summary Procure-to-pay is an integrated system that fully relies on the automation of the purchasing process to secure resources for a business. The main aims of a procure-to-pay process are increasing efficiency, financial optimisation, solvency, transparency, visibility, and control. In this blog, we understand how procure-to-pay systems mitigate operational risks and boost business capability and […]
Summary Projects are becoming an organisational staple because of their provision for control, coordination, management, quality enhancement, and time management across the business entity. Project management components derive the best outcomes when effectively balanced and integrated so that it results in project success and objective achievement. In this blog, we identify why online project management […]
Summary As the business and finance environment continues to battle growing demands, vast technological advancements, competitive business environments and quickly saturating markets, measures need to be taken by firms to act towards changing priorities and objectives through financial restructuring and recovery. Businesses often undergo restructuring through good and bad times. In this blog we talk […]
Summary Vendor management is vital for longevity and survival in today’s business environment. Vendor management in procurement has several aims and benefits that are reflected in strategic objectives. There is an important link between vendor management and strategic objectives and to derive the ultimate benefits, this must be recognised and aligned with each other. Since […]
Summary Procurement excellence is the benchmark for procurement processes. Among the several steps that can lead an organisation towards procurement excellence, digitalisation is one of the most impactful factors. The importance of procurement excellence can be understood by discerning the reasons why businesses are unable to effectively conduct procurement. Looking at the impact of digital […]
Summary Achieving maturity in project management functions requires an abundant amount of time, resources, and skills. The objectives of project management maturity are to strike a balance between deadlines, quality, and resource availability. The process of project management maturity is a distinctive one. It elevates the scope of project management and scales up the approach […]
Summary Cost reduction is an important yet tedious business adjustment for businesses to grapple with. Cost reduction achieves several business objectives, mainly concerned with sales revenue maximisation and reaching profit margins. However, to achieve these financial targets, cost optimisation must be realised. Since cost reduction can help achieve many business targets and is a commonly […]
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.