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Procurement Transformation Institute
Procurement Value Delivered
Issue 86, 07th Nov 2019
This Week's Highlight:

Implementing Major Project Disciplines
Public institutions should set aside the outdated procedures used in their standard purchasing processes and adopt advanced disciplines for dealing with major procurement projects. This presentation will discuss how these advanced protocols should include procurement process improvements in the areas of strategic design planning,  and format selection.
13th Nov: 13.00-14.00 GMT

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Procurement Picks
People:

NEGOTIATION SKILLS:
It is not rocket science, as you are probably already negotiating most days of your life the trick is to keep hold of your common sense during the meetings. Preparation is key. Going into a meeting know what you want to get out of it, you may not get it or get all of it, but you are already at an advantage relative to others in the room. Relentlessly assess you value to them relative to their next best alternative. Be very clear in your mind about your own costs, priorities and room to maneuver.

Ask yourself the question:
What outcome from this negotiation will advance my/my company’s business goal?

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Technology:
Amazon To Invest 40 Million in New Robotics Hub

While Amazon did not specify what types of robotics it would develop at the site, past examples of Amazon Robotics technology point to innovations that solve pain points in operations and logistics.

Within facilities, Amazon's robots automate parts of the fulfillment process. Amazon said in a blog post fulfillment center robots carry inventory and transport pallets.
Dozens of Amazon warehouses and fulfillment centers also utilize cobots, where "robots and people work together to pick, sort, transport, and stow packages

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Knowledge:

Soybean Oil Market Procurement Intelligence Report


Political tensions among the countries are triggering frequent changes in import and export policies. While such changes are satisfying political ego, it is agitating the demand-supply equilibrium in the soybean oil market.

These uncertainties are ramifying to the extent of closing down of some of the major production hubs in the soybean oil market. Factors such as stiff competition with the palm oil market and farmer’s preference towards adaptive crops will also result in producers shifting away from large-scale production of soybean oil.
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Process.
 
Procurement Cost Reduction Strategies that Companies Need to Know

With the economic environment becoming increasingly complex, companies have been compelled to focus on procurement cost reduction initiatives rather than simply increasing profit margins. However, procurement organizations are having a tough time bringing down procurement costs, improving supplier terms, and reducing product prices.
They get too involved in finding the nickels and dimes and forget that the procurement cost reduction strategies are more about chasing dollars

 
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Sustainability:
Hackney environment chief beaming after solar panel scheme proves a Hit

As part of its drive to reduce fuel poverty, Hackney Council teamed up with the Greater London Authority (GLA) for Solar Together, a group-buying programme giving Londoners the opportunity to install high quality solar panels in their homes at affordable prices.

Solar Together is part of the mayor of London's Energy for Londoners scheme and the council's Green Homes programme. The offer ended last week, and 951 houses in the borough had solar panels installed at lower prices.

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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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