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Procurement Transformation Institute
Procurement Value Delivered
Issue 75, 22nd Aug 2019
This Week's Highlight
Critical Factors For Selecting Your Suppliers

Tuesday 3rd September - 11am BST

Procurement exists in a dynamic, fast-paced, constantly changing environment. So surely the reasons we use to select our suppliers and supply partners would change over time too? Wouldn’t they?
 

Find out more Here

Procurement Picks
People

How Stakeholder Analysis can help you to understand the views of stakeholders with respect to change.

 

Stakeholder Analysis provides a way for the project team to predict the views of the stakeholders with respect to the change.

A stakeholder is anyone who:Owns the process/es,Controls critical resources within the processes affected.
Can block the initiative. Will need to approve parts of the change. Shapes thinking of those who will be involved.
.Support is needed for the change to stand a chance of success.

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Technology:

Lessons, tightropes and transformation: challenges for the Electric Vehicle supply chain:

Technological change is difficult to predict. The flying car, fusion power, and now blockchain-based supply chains are all innovations which seem to be permanently on the horizon without ever coming substantially closer. Breakthroughs occur, companies are founded and fold, and it becomes no clearer whether these technologies will ultimately change the world – 
Want to Find Out More?
Knowledge

How could supplier-enabled innovation help you?

Businesses are tapping into the expertise of their supplier network to bring new products to market faster and streamline their processes.
If you have thousands of suppliers and some have R&D divisions in your sector, you’d be mad not to tap into that resource.

Companies that combine their innovation efforts with those of their suppliers typically bring products to market faster, giving them a competitive advantage.

Discover More Information Here

Connect With Us!
 
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Process.
Toyota looks to develop ways to disaster-proof its supply chains;

Toyota Motor Corp. has been applying its kaizen (continuous improvement) principle to the management of its parts suppliers so that it can maintain or swiftly resume production in the event of natural disasters.
Many of their suppliers were affected
following the 2011 Earthquake, forcing it to reduce production for months however this has now been rectified to migitate the impact of any future disrutptions.

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Culture:

Social value-led procurement driving higher economic growth, says report

A new report, Front and Centre: Putting Social Value at the Heart of Inclusive Growth, launched by Social Enterprise UK, has found that local councils are increasingly using procurement as a way to drive higher economic growth. 

The report calls on central government, local councils and other public bodies to do more to utilise social value, putting it front and centre of decision making.

Check Out the Article
Procurement Transformation Institute
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Cork, Ireland
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www.procureti.com
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Procurement Transformation Institute · Western Gateway Building · UCC · Cork City, Cork 0000 · Ireland

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