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Procurement Transformation Institute
Procurement Value Delivered
Issue 72, 01st Aug 2019
This Week's Highlight
How Sustainable and Strategic Procurement Strengthen Your Supply Chain.
 

On August 6th at 4PM BST, you’ll learn:

  • How strategic sourcing and sustainability mitigate risk throughout the supply chain
  • The way that innovative digital solutions (eProcurement) increase the efficiency and effectiveness of your sourcing strategy
  • How to implement strategic sourcing: best practices, where to start, and how to partner with suppliers to foster competitive advantage.

Find out more Here

Procurement Picks
People

P
roven Techniques for Procurement to Increase Stakeholder Engagement

Stakeholder engagement is Achilles heels for procurement professionals.Better stakeholder management leads to proactive engagement for sourcing and that leads to more overall savings. For procurement to deliver savings, there are three main prerequisites.
 
Have a well-defined process which leads to an objective evaluation of suppliers.
Engage key stakeholders and ensure that you increase spend under management.
Consistently deliver value to your stakeholders.
Click Here to Find Out More

Technology:

The Five Dimensions Of Supply Chain Agility
The current business environment can be characterized by constant change, shorter product lifecycles, and increased demand uncertainty. As these conditions have become the norm, companies and researchers alike have turned to the concept of agility in their quest for a sustainable source of competitive advantage.

Consequently, supply chain agility has emerged as the dominant competitive vehicle for organizations operating in such an uncertain and ever-changing business environment.
 
Want to Find Out More?
Knowledge

The Essential Supplier Onboarding Checklist:

When you start working with new suppliers, supplier onboarding is an essential first step. The alternative is a stressful, ad-hoc process that could result in a breakdown of relations, loss of productivity, and lost income. Onboarding before you even begin to buy eliminates this possibility and allows you and your suppliers to enter a business relationship with eyes wide open.

Both companies know how to do business with each, who to talk to and what processes to follow.
Discover More Information Here

Connect With Us!
 
Click Here for More Information
Process.

Perhaps More Than Any Other Area, The Goal of Spend Analysis:: is the increased visibility that provides the means for improving spend and supplier performance within a procurement organization.

Spend analysis can be the starting point for developing effective procurement strategies to enable sustainable competitive advantage. Spend analysis aims to achieve ...

Reductions in purchase price, Reductions in Total Cost of Ownership, Reductions in supply risks and increased innovation from the supply market.

 
Click Here for More Information
Culture:

Social Value-Led Procurement Driving Higher Economic Growth.

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.

Making spending decisions not just on financial cost but on the economic, social and environmental impact. 

Check Out the Article
Procurement Transformation Institute
Western Gateway Building, UCC,
Cork, Ireland
info@procureti.com
00353 212021052
www.procureti.com
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Ireland
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Procurement Transformation Institute · Western Gateway Building · UCC · Cork City, Cork 0000 · Ireland

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