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Procurement Transformation Institute
Procurement Value Delivered
Issue 73, 08th Aug 2019
This Week's Highlight

The Brexit Food Summit, is taking place on September 5th at the Citywest Exhibition Centre, Dublin.
This Summit will highlight the latest developments in this major trade sector and will provide a forum for manufacturers and operators involved throughout the supply chain to gather to discuss the pressing issues facing them.

A key theme of the event is ‘Preparing for Brexit – Understanding the Key Challenges and Opportunities’.

Find out more Here

Procurement Picks
Procurement must prepare for the sharing economy revolution

The sharing economy as most people know it has traditionally been associated with the likes of AirBnB and Uber. However, there is a world beyond the consumer applications, which businesses have begun implementing to ensure they spread resources to help cut costs. Airline alliances, for example, have been doing this for years, sharing planes and chartered flights when space goes to waste. More recently, Marriott converted empty conference rooms into rentable work spaces through the online platform LiquidSpace...
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How Radisson Hotel Group plans to become one of the top Hotel Companies in the World

As innovation keeps up its blistering pace in the hospitality sector, the group was keen to energise and reinvent itself. The first step? Creating ‘Destination 2022.
The secret behind there operational success might be down to the company’s unwavering commitment to quality, or it may partly lie in the group’s dynamic use of technology.

As part of its five-year plan, Radisson Hotel Group has shed some of its legacy technology platforms in favour of unified system, ‘EMMA’ (Every Moment Matters).
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From Bean to Cup: How Starbucks transformed its supply chain
With operational costs rising and sales declining, the global coffee purveyor implemented a three-step plan to improve supply chain performance, cut costs, and prepare for the future.

. That's because the journey from bean to cup is a complicated one. Coffee and other merchandise must be sourced from around the globe and then successfully delivered to the Starbucks Corporation's 16,700 retail stores, which serve some 50 million customers in 51 countries each week.

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7 Ways Everyone Can Cut Supply Chain Costs:

Profits for your company can rocket upward if you achieve sufficient savings in supply chain costs
 There are seven areas that consistently offer opportunities for supply chain cost savings for businesses of all sizes and across all industries. Because these seven opportunities apply to almost every aspect of supply chain management, you can be systematic in your approach to improvement. This is important given the broad scope of the supply chain, which extends beyond your company to include both suppliers and customers.
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Social Value-Led Procurement Driving Higher Economic Growth.

A new report, Front and Centre: Putting Social Value at the Heart of Inclusive Growth, launched by Social Enterprise UK, has found that local councils are increasingly using procurement as a way to drive higher economic growth. 

The report calls on central government, local councils and other public bodies to do more to utilise social value, putting it front and centre of decision making.

Making spending decisions not just on financial cost but on the economic, social and environmental impact. 

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