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Procurement Transformation Institute
Procurement Value Delivered
Issue 77, 05th Sep 2019
This Week's Highlight

PS Group (Cork Operations) in association with The South West Lean Forum presents:

Productivity Improvement in the Construction Sector

Date: Thursday September 19th 2019

Location: DPS Group, 4 Eastgate Avenue, Eastgate Business Park, Little Island, Co. Cork

Time: 16.30 for Registration

Find out more Here

Procurement Picks

Having The Right Mindset in Procurement
Build alliances
Business apathy is a major barrier to procurement transformation procurement leaders must “build alliances” with other departments. “Ask: ‘What does procurement mean to you?’” Identify who you can have meaningful conversations with.

Find the why. Identify the root causes of behaviour that help or hinder.
Taking an “outside-in perspective” when explaining the purpose of your methods
The article below explains how to shift mind -
Click Here to Find Out More

Is Blockchain The Next Big Thing For Supply Chain? 

Few people working in supply chain roles have a clear understanding of how this fledgeling solution called blockchain is, or could be, applied in their organisations. There is much hype and misinformation in the marketplace. 
he underlying principle of blockchain is to provide a Secure environment where encrypted business transactions between buyer and seller can happen without the need for third parties
Want to Find Out More?

5 Ways To Achieve Marginal Gains In Procurement - Procurement News

When it comes to procuring with purpose, procurement professionals around the world need to be able to react quicker to changes in order to set the foundation for the legacy we should all be leaving behind. It’s almost as if procurement is in a race. In simple terms, those who are fastest to react, fastest to respond to changing demands are those who will win.

Procure with Purpose

Discover More Information Here

Connect With Us!
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One  of  the most  important  decisions for  a  supply  chain  manager is  probably  the  tradeoff 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!!
Click Here for More Information

What Supply Chain Transparency Really Means:

The concept of supply chain transparency was vitually unknown 15 years ago, yet today it commands the attention of mid- and senior-level managers across a broad spectrum of companies and industries.

The reasons for this increased interest are clear: Companies are under pressure from governments, consumers, NGOs, and other stakeholders to divulge more information about their supply chains. 

Check Out the Article
Procurement Transformation Institute
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