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Procurement Transformation Institute
Procurement Value Delivered
Issue 91, 12th Dec 2019
This Week's Highlight:

The National Procurement Summit is being held on 29-30 JANUARY 2020 in the Citywest Hotel, Dublin

This gathering of over 1000 procurement directors, sourcing directors, senior management and supply chain directors is the ultimate procurement and supply chain conference and exhibition in Ireland.

This is a sourcing exhibition and conference where you meet sourcing, procurement, purchasing and buying professionals from both government and the private sector. The exhibition will offer you easy access to procurement professionals ensuring that you can learn more about their requirements and meet their needs.


29th -30th January 2020-Citywest Dublin:
 

Find out more Here

Procurement Picks

People:

Procurement is rarely considered the most popular department in a business. Occasionally nicknamed the ‘spend police’ who rein in purchasing freedoms, accused of stifling new initiatives that require investment, procurement often bears the brunt of employees’ frustrations.

In their research piece, Deloitte reveals that procurement plays a role in sustaining business growth; particularly crucial as US trade sanctions and retaliatory measures from the EU, China, Japan and other nations has hit global trade hard. As a result, supply chain disruption is likely for many sectors.

Click Here to Find Out More

Technology:
Low Hanging Fruit & The Snowball Effect in Digital Procurement Transformation
Talk to any procurement leader in an international company and you’ll hear some common issues being raised. The lure of technology (especially big data and AI) and dangled carrots of opportunity to digitally transform the whole procurement function are all great but hard facts are getting in the way. Corporate immune systems can lead to  insufficient executive buy-in; lack of skills, time and financial resources to tackle the complexity of multi-phased transformation projects.
Want to Find Out More?
Knowledge:
10 best practices you should be doing now:
In today's economic environment, doing what you've always done—even if you do it very well—is no longer acceptable. Under pressure to contain costs and produce results despite challenging circumstances, you must transform rather than simply improve your operation. That means adopting the philosophies, methods, and processes that will make your organisation "best in class
Work closely with your suppliers ensuring that the relationship stays healthy and vibrant.
Create a platform for joint problem solving and strive for continuous improvement goals to the benefit of both parties.
Discover More Information Here

Connect With Us!
 
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Process.

Lease spend is a hidden category worth millions in savings:
 

In most businesses, their millions of dollars in leasing spend represent a hidden opportunity for procurement and finance departments to find savings and create strategic value.With every department in a business juggling leasing terms, financing and renewals for things like warehouses, offices, computers, supplies, furniture and fleets, it’s a daunting task to think any single department could manage it all. These are some reasons why lease spend isn’t managed well. Lease spend should be its own category.

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Sustainability:

Our Demand for Electric Cars and Smartphones is drying up the most arid place in the World.

Lithium extraction for the batteries in our computers, telephones and electric cars is using many of the scarce water resources that allow indigenous peoples and animals to inhabit the world’s driest desert.
When you arrive in Chile’s Atacama Desert, it seems immediately obvious why space researchers use the region to simulate Mars. The endless red-brown and white plains of sand, rubble and salt that are surrounded by massive mountain ranges and volcanic craters make it easy to imagine you are on a different planet.

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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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Procurement Transformation Institute · Western Gateway Building · UCC · Cork City, Cork 0000 · Ireland

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