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…

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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…

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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…

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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…

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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…

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7 Key skills for successful negotiation

Negotiation is the key to business success. Successful negotiation involves good interpersonal and communication skills, used together to bring a desired result. In fact, negotiation is one of the main qualities employers look for when recruiting staff nowadays. This is because a good negotiator can close the best deals, leading to the advancement of an…

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Training and Digital learning trends for 2018

With today’s fast evolving corporate world, organizations are expected to adapt to the changing needs of training and improve their learning culture. Everything is evolving: Learners are more demanding, new technologies, new skills, automation, and globalization is expanding our reach. Our ability to adapt to change and how fast we adapt to it often defines…

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Best practices to encourage procurement savings

The purpose of any organization is to make profits in a sustainable way. Procurement plays an important role in achieving those recurrent profits. One of the most essential factors to consider for achieving the best business results lies in a cost-effective procurement and making savings. The aim of procurement savings are to drive down procurement costs,…

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