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Procurement Transformation Institute
Procurement Value Delivered
Issue 96, 29th Jan 2019
This Week's Highlight:



Procurex Ireland is one of the major highlights within the annual public procurement calendar, supporting innovation, collaboration, education and celebration over a single dedicated day.


 12th January 2020-RDS  Dublin:
 

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Procurement Picks

People:

Why Relationships are Key to Successful Supply Chains


Relationships are really important. Relationships, I think, are often overlooked as the glue that holds supply chains together. To me, trust is a team that designates a series of small promises kept. When you first start working with another party, whether it's a supplier or a distributor, you set up performance expectations. You write a statement of work. You write an SLA. You embody that in a contract. And over time, that relationship evolves.

Relationships have to be managed. You have to set forth what performance measures are expected. You have to review those performance measures sometimes using a scorecard.

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Technology:

The Future of Procurement Technology
Portable, Powerful, Pivotal


Procurement technology—largely divided into Source-to-Contract and Procure-to-Pay—has become a de facto platform for companies' purchase teams to manage their procurement of goods and services, suppliers, and budgets. Procurement technology today offers extensive integration, visibility, and controls to the enterprise, helping purchasing executives operate more efficiently while saving from such economies. But it isn't stopping here.
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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 (and many other supply chain managers) must transform rather than simply improve your operation. That means adopting the philosophies, methods, and processes that will make your organisation "best in class."

What makes a supply chain organization best in class? The answer will vary for each company, but there are some practices that many leading companies are adopting now. Follow then link below to find out more.

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Connect With Us!
 
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Process.

Quality Is King: Why Quality Management Is the Key to a Successful Business

Both quality control and assurance, though different, are necessary for ensuring a high standard of the product. Companies that consistently maintain reputable quality standards and adhere to changing requirements in their industry are most likely to gain the trust of the consumer. This can result in repeat business, profits, and safety accolades. Internal efficiency, in terms of reduction of waste and lower production costs.

There have been incidents throughout history when the focus on quality has waned because industries have shifted their priorities to competing for profitability and meeting high market demands. 

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SUSTAINABILITY:

If 2018 was the year of the activist then 2019 was the year of the climate. From Swedish teenager Greta Thunberg sailing to America to talk at the United Nations (UN) to two more damning reports from the UN and countless headline grabbing demonstrations from Extinction Rebellion, the climate is now on most people’s minds.
Nowadays, there is a term for everything. You have farm to fork and zero waste. But being more environmentally aware is not that kind of Road to Damascus conversion.

You can do something with everything.

 

 

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Procurement Transformation Institute
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Cork, Ireland
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