Procurement with purpose: beyond the bottom-line

Patrick_McCarthy.jpgHow can you embrace the notion of procurement with purpose authentically and in ways that are consistent with your core beliefs and ideals? Patrick McCarthy, SVP and GM, SAP Ariba North America, guides the way...

Procurement agility in the age of digitalisation

GilesBreault.jpgHow can your procurement team embrace the age of digitalisation and develop an effective roadmap that ultimately puts you in the driver's seat?The digital enablement field is wide open, with no single right answer on how to proceed.

However, there are ways that can help organisations to plot a way forward. CPOs must define a roadmap for change and align it with enterprise-level digital transformation initiatives, says Giles Breault, Supply Chain, Sourcing and Procurement Executive at The Beyond Group AG.

4 tips to manage supplier risk

RudiKruger_2017.jpgSuppliers can fail you in many ways. Supplying inferior quality goods and services, missing deadlines or data breaches can affect the bottom line and reputation of a business.

However, while risks are ever-present, some are more avoidable than others - including the effects of mistakes and failures by suppliers" says Rudi Kruger, General Manager of LexisNexis Data Services.

3 tips for better retail procurement

DarrenJackson.jpgThe retail landscape has changed dramatically in the last decade, with technology becoming an important consideration in the customer journey.

A historical buzzword, 'omnichannel', is now an integral part of any retailer's strategy, with in-store kiosks, transactional iPads and social screens now commonplace in-store. Advances in technology are having a direct impact on the role of procurement leaders, who must now consider everything, from the physical hardware to the content that is being shown on digital screens.

Darren Jackson, Director of Retail Solutions at APS Group, has put together his top three tips on how procurement teams can deliver the best value in a sector that is continually evolving:

The 'why' behind the drive for retail process efficiency

RetailProcessEfficiency_resized.jpgProcess efficiency is good. In fact, it is one of the most frequently cited objectives of the procurement profession. But it cannot have a real impact unless we understand the bigger picture...

Procurement predictions for 2018

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Procurement in 2018 is all about speed

GuyStrafford.jpg"Procurement needs to embrace agility in 2018", argues Guy Strafford, Executive Vice President: Market Engagement at Proxima. Much like Top Gun's Maverick and Goose, procurement will have a "need for speed" in 2018. Your CEO is worrying about speed and agility, so you should be worrying about it too.

January PMI rebounds from December fall

PMI_growth.jpgThe Purchasing Managers' Index (PMI) rose to 49.9 index points in January. This is the best reading since May 2017 and the 5-point rise counters the 3.7-point slump experienced in December 2017.

Building effective procurement teams: the struggle is real

GregTennyson.jpgThe conversation around talent shortages in the procurement space has been going on for five to ten years now. Greg Tennyson, CPO at VSP Global, has come to realise that the real problem is not the lack of ready-to-go procurement talent, it is the hiring managers' inability to see a future procurement professional in a law student, a finance professional, an engineer or yes, even a sales person.

Can Enterprise and Supplier Development equal cash efficiency?

StuartTownshend.jpgIn this month's SmartProcurement, Stuart Townshend, Edge Growth Director, explores how you can use your Enterprise and Supplier Development (ESD) initiative to be cash efficient, and become self-sustainable - yet making a positive impact where it is needed most.

Procurement: Are you getting the most out of your supply base?

KristianOMeara.jpgWhen it comes to choosing suppliers, some procurement teams are losing sight of what matters most. Instead of focussing on the long-term, strategic value of a relationship, many often get caught up in the transactional aspects of signing a supplier, such as pricing, contracts and negotiations. They get so wrapped up in the details around how much the supply costs, the terms of agreement and product specifications, that they neglect to think about the overall value the supplier can bring to the organization, by helping them achieve their unique business goals, says Kristian O'Meara, senior vice president of value engineering at BravoSolution.


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