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Procurement Transformation Institute
Procurement Value Delivered
Issue 85, 31st Oct 2019
This Week's Highlight:

Lean Symposium - Insight, Impetus, Impact

Taking place in the Fitzgerald Debating Chamber UCD, the Symposium highlights the quality and process improvement work undertaken by UCD and Mater Lean Academy Graduates using Lean Six Sigma methodology and features keynote presentations from both Irish and International speakers on using Lean Six Sigma, Systems thinking and Person-centred approaches.

28th Nov: 8.30-16.00 GMT

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Procurement Picks
Contract Management

Organisations in both the public and private sectors are facing increasing pressure to reduce costs and improve financial and operational performance. New regulatory requirements, globalisation, increases in contract volumes and complexity have resulted in an increasing recognition of the importance and benefits of effective contract management.
It is worthwhile noting that contract management is successful if:  the arrangements for service delivery continue to be satisfactory to both parties, and the expected business benefits and value for money are being realised. 

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With the right foundation, procurement can turn visibility into action:

Procurement departments must create a roadmap for the insights they want to attain through data and ensure a continuous flow of information with suppliers.
As manufacturers strive for greater visibility in their supply chains, they’re continually engaging in new Internet of Things (IoT) and software initiatives to gather more data. Yet an abundance of information doesn’t always yield the actionable analytics supply chain leaders desire.

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Reverse Auctions On The Rise: 

The use of reverse auctions, in which potential suppliers attempt to underbid each other to win a contract, are on the rise, according to a report from Scout RFP, a digital sourcing and reverse auctions solutions platform, emailed to Supply Chain Dive. A Purchasing’s 2003 Annual Benchmark E-Sourcing Survey, referenced in the document, showed 15% of respondents reported using reverse auctions. 

Today, that figure has grown to well over 50%. Reverse auctions have become particularly popular among Millennial and GenX procurement professionals, according to Scout's survey of 100 procurement officer.
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5 Easy Steps to Better Manage Your Suppliers

If you work for a large organization, you most likely have tens of thousands of suppliers, and any of them, to some extent, can pose a risk to your organization's operations, brand or customers. In addition, managing that many business partners is a difficult task that takes time, attention, organization and resources.

You and your suppliers are intimately linked, and what they do affects you, for better or worse. As a result, you need to be able to monitor, manage and collaborate with your entire supply base more broadly and effectively than ever before.
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Local councils will work under new carbon proofing' charter introduced by Government today:

A NEW CHARTER will be introduced today which will set the direction for local councils in a bid to tackle climate change. A range of new measures will be adopted requiring all 34 counties to proactively consider the carbon impact of decisions they make.
Each council must establish a procedure for “carbon-proofing” major decisions, programmes and projects, including investments in transport and energy infrastructure.

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