The Procurement Evolution: It is all about Category Management
27/09/2010
There are many definitions given for category management, but simply it is the process that involves managing product/ services spend categories on behalf of your organisation to gain optimum benefit/ value from the product/ services attained as per contract arrangement with your suppliers.
Consolidating Your Travel Program and Achieving Results
16/08/2010
Business travel is part of many businesses and part of the life of many of the employees. While a company needs it employees and executives to travel, it also needs to ensure the money being spent on travel is getting the very best value.
Optimising Your Corporate Travel Program
06/08/2010
In most major corporations the second or third biggest discretionary spend is on Business Travel. Business Travel is an essential part of any business but many do not maximize the value they get from their travel budget by simply paying too much. This is an example where procurement and strategic travel management jointly can ensure an organisation gets best value for their travel spend. Remember, travel costs are being paid out of money your organisation has already earned through sales etc. So every dollar you save in travel has a multiplying effect to the bottom line.
Strategically Managing Meetings & Events – Some thoughts
15/07/2010
Meetings and Events are an imperative part of any business environment. There are many businesses however that do not place much emphasis on meetings/ events program and do not drive the procurement strategically. Meetings and Events used effectively can be a channel to promote products and services to clients, used to train staff and promote internal organisational programs
Services Procurement – Some Quick Tips on How To Achieve Savings
24/06/2010
In business, procuring services is one of the most important requirements as it supports business operations and ultimately supports the delivery of service and/or product offering to the end client. Your business needs many different types of services in order to function in a normal capacity every single day. So what kind of services are you going to need?
The Value Of Spend Analysis
25/05/2010
One of the integral aspects of cost managing a business is spend analysis. This in turn is deeply connected with procurement management, which is the process by which new assets, materials/ goods, or services are acquired for company use to run their business.
Optimising & Measuring Supplier Performance & Key Metrics
25/05/2010
As a business, you must rely on suppliers for your goods & services, and you must utilise the supply of these to run a successful business. . The question however is their offering in accordance to what you require/ need and whether the supplier performance is up to par.
How competent are you? Procurement Competence
20/05/2010
Procurement competence has taken a more strategic approach because the way we do business has changed. Procurement executives realise that they face the following challenges:
