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Procurement Transformation Institute
Procurement Value Delivered
Issue 65, 13th June 2019
This Week's Highlight
Lean Construction: Cost Avoidance and Margin Increase
 

17.45-18.15 Registration-Networking-Refreshments

18.15-18.30 Opening & Welcome, Dr. Joe Harrington, CIT / Aidan Mangan, CIF

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Procurement Picks
People

Procurement in Emergency Situations — Preparing for the Hurricane Season
 
Last year the Caribbean Development Bank (CDB) organised an intensive two-day workshop on procurement in emergency situations. The event brought together people from around the word, including people who had actively managed procurement through hurricanes, earthquakes and wars, and those who had been active on the ground trying to make sure the right supplies were able to get through.
 
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Technology:

AI finally making its mark on procurement:

 AI is going to make business better, at least that is what the solutions providers would have us believe.
Businesses will be more agile, more efficient and, importantly, more profitable.

Yet it still feels procurement is behind the curve when it comes to AI adoption, despite those that have implemented things, such as machine-learning and AI-driven data analysis, seeing the benefits.
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Knowledge
 
MITIGATING RISK IN SUPPLY CHAIN:
One  of  the most  important  decision  for  a  supply  chain  manager is probably the trade-off between  buying  excess  stock  to  insure  against  a  shortage  and  running a tight model to keep costs  low.  Different  businesses  prioritise  differently. 
The  Ritz  Hotel  running  out  of  champagne  is  a  disaster. A  discount supermarket,  by  contrast, prefers  to  run  out  of  cabbages  by  the  end  of the  day than  overstock.

 Great  supply  chains  are  agile.  
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Connect With Us!
 
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Process.
 

FACTORS TO BE CONSIDERED WITH ONBOARDING A SUPPLIER:

From my own experience of working in procurement I follow a process called the 3 V’s 
VALUE:  VELOCITY:  VISION:
 Demonstrated “continuous improvement” culture that fosters quality and reliability in very aspect of the business .Supplier has best in class pricing and is committed to a documented cost reduction road-map. Supplier meets or beats delivery dates and offers security of supply.
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Europe

What is the Big Buyers Initiative?

The Big Buyers Initiative, is a European Commission platform for promoting collaboration between big public buyers in implementing strategic public procurement. Public procurement can be a key tool in driving the development of innovative goods and services on the European market. By working together, and pooling their resources public procurers can maximise their market power and impact. 
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Procurement Transformation Institute
Western Gateway Building, UCC,
Cork, Ireland
info@procureti.com
00353 212021052
www.procureti.com
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