Can a Retail Buyer become a Procurement Buyer?

Two professions that share a title, but where there is very little industry talent exchange. Once a retail buyer,  an individual tends to stay on that path, growing through the function and taking on ever higher buying roles or category management roles….. and it’s the same in industry… graduates start out as buyers or procurement […]

Procurement – As a CPO, your people are your greatest asset..and your greatest headache!

In several recent surveys of CPO’s globally, the overwhelming message is that CPO’s are concerned about the availability of talent in the procurement sector. From skilled buyers to category managers, procurement analysts and business partners –  CFO’s/CEO’s and CPO’s recognize the value in having capable, strong and embedded procurement teams that are able to hunt […]

5 ways to adapt to changing Consumer Behavior

There is no doubt that digitization is now reshaping consumer behavior and shopping habits. The question is; is your business keeping up with these changes? Indeed, it will not be possible to drive consumers’ perception and behavior without redefining traditional roles, switching up sales tactics and rethinking engagement strategies. Caught in a whirlwind of information, […]

Proven Methods for Achieving Employee Satisfaction

Recent research has revealed that 55.6% of workers in the UK are currently unhappy with their jobs. While this may not surprise most people, what is shocking is a 2017 Express report showing that “UK workers have one of the lowest levels of job satisfaction in the world.” Although it may be easy for employers to ignore […]

Understanding the role of finance to ensure effective strategic planning

Having clear financial goals and metrics allow firms to implement strategy and track success.  Business leaders daily make important financial decisions such as scheduling operations, hiring and firing personnel, preparing a budget, approving a capital investment, or sending an invoice for payment. However, very often those managers do not have the necessary skills to understand […]

5 steps to a successful strategic procurement process

The procurement process is not an easy one to handle. Strategic procurement needs the involvement of an entire organization. It necessitates effort from all departments of a company. A strategic procurement team is essential to set the overall direction for procurement, aligned with the business strategy. In fact, a procurement strategy is one of the […]

Optimizing the procurement process to boost efficiency

The role of procurement extends far beyond the belief that procurement’s primary function is to obtain goods and services in response to internal needs. A world-class procurement process aims to optimize the whole process to create significant business value. Procurement optimization leads to a number of benefits and add remarkable value to your organization as a […]

Ethics in Procurement: What are you doing to keep procurement ethical?

Ethics play a major role in procurement and are considered more important as technology and consumer behavior change. Being ethical means being in accordance with the rules or standards for right conduct or practice, especially the standards of a profession. For instance: procurement is involved in supplier selection, evaluation, negotiation, contracts sign off and awarding […]