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Procurement Transformation Institute
Procurement Value Delivered
Issue 100, 15th May 2019
This Week's Highlight:
 

Hello All,

Know it has been a while since we updated and shared a weekly newsletter with you all, however just a reminder that we are still here and available to support and help where we can, so that we can all come out of this current crisis hopefully better and stronger.
Thought that I would share the above image with you as it reflects a little of what we in PTI have been feeling over the past few weeks and no doubt many of you also. Some days during this time we feel like we are on the left -hand side of the above picture, seeing all the cracks and focusing on the dark heavy clouds. Possibly feeling lost and trapped. However now more than ever it is important to create a new focus, move towards the middle of that road and look for the good and the opportunities. We in PTI have learned to be grateful for our colleagues, and to take one day at a time. Now is the time to build your road map and your resilience, because out of every crisis comes opportunity.  Shift your perception and you shift your awarenes
s.

 

 

Procurement Picks

People:

What can procurement do for the business in times of crisis? 

 

We are hearing that, more than ever, Procurement is being relied upon to produce answers to some difficult questions under difficult circumstances.

Procurement’s many strings are being plucked, sometimes for the first time, by people in the organisation looking for solutions, tapping into facets of procurement they haven’t used before.


Any crisis forces organisations to look more deeply, and probably for the first time in a long time, at their processes, risk management, analytics and sourcing backup plans
.
Click Here to Find Out More
Technology:

The Transformation Of Digital Procurement


There are a number of key reasons why companies are choosing to adopt a digital procurement approach. These are centered around increasing efficiency by automating repeatable tasks and achieving significant cost savings. Digital procurement helps with day-to-day decision making and allows real-time visibility into all areas of the supply chain.
 
Want to Find Out More?
Knowledge:

Finding and Managing Contractual Risk and Reward in a Pandemic
 
The Covid-19 pandemic is affecting supply chains and commercial relationships — and we need to look at  how various countermeasures, solutions and providers are helping to respond to this situation

The best contracts work in concert with robust risk management processes, policies and playbooks so that when various external conditions change, the underlying contracts can translate those changes to the affected parties and actually give them the decision-support / options to help jointly mitigate them.
Discover More Information Here

Connect With Us!
 
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Process. 
A Lesson in Supply Chain Risk Management.

The Chinese government notified the WHO of an unusual illness in the city of Wuhan last December 31. This illness was later identified as a novel coronavirus and named COVID-19. Weeks later, as the illness spread, the Chinese government placed Wuhan under quarantine.
 ​
Factories producing goods for thousands of global companies remained shut down past the Lunar New Year holidays as employees couldn't return to work. Rail, air and ocean shipments stopped.

Firms in other countries began announcing plans to temporarily suspend production because they couldn't procure parts from suppliers in China

Click Here for More Information

Innovation:

Apply for free of charge assistance to implement your innovation procurement.

Are you a European public procurer that wants to receive free of charge local assistance in preparing and implementing your next innovation procurement?

The European Assistance for Innovation Procurement initiative can help you in procuring innovative ICT based solutions. Don't miss the extended deadline for the call for assistance that is open now until 31 May 2020! 

Check Out the Article
Procurement Transformation Institute
Western Gateway Building, UCC,
Cork, Ireland
info@procureti.com
00353 212021052
www.procureti.com
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