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Procurement Transformation Institute
Procurement Value Delivered
Issue 87, 14th Nov 2019
This Week's Highlight:

Inclusivity & the supply chain (CIPS)
 

Unlocking the business, social and economic potential of the 1.3 billion.

There is a global disability inequality crisis. And it can’t be fixed by government and charity alone. It needs the most powerful force on the planet: business.
The route to a truly inclusive world is through the creation of truly inclusive business.

Tuesday 26 November 2019, 09:00am - 10:00am

Find out more Here

Procurement Picks
People:

Procurement’s technology revolution needs digitally literate workers with highly refined soft skills to succeed.
Procurement is facing a turning point, one that gives it the opportunity to become more integral to the success of businesses than ever before, according to a survey by Efficio, a consulting firm that works with procurement professionals around the world.

Technology, like it does in many other internal departments, plays a major role in procurement’s transformation, however a focus only on technology misses the point: People and their ability to capitalize on the benefits of technology will be vital to success.

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Technology:
Taking a reality check on Procurement 4.0

Procurement 4.0 has been part of the Spend Management conversation for years; businesses have been working towards digitised smart procurement ecosystems that combine cloud, big data analytics, and automation technology to give strategic insight and add value. Many businesses already believe they have achieved this status, with a recent Forrester report finding almost two-thirds (65%) of organisations assessed their own procurement maturity as ‘advanced

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Knowledge:

Drive to Fund SME and Public Sector Collaboration

 

A  €750,000 Small Business Innovation Research fund was announced by Enterprise Ireland this week in a competitive call to state agencies, county councils and local authorities seeking solutions to a diverse range of public challenges.
SBIR encourages the Irish public sector to partner with innovation-led businesses in exploring solutions. A recent survey of 42 SMEs who were awarded funding in previous challenges revealed that 50,000 users are benefiting from SBIR-funded innovations in Ireland.

Discover More Information Here

Connect With Us!
 
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Process.
 
Why Companies in the Pharma Industry Need to Improve the Procurement Process?

Companies of today are opting for better procurement management to save costs and remain competitive in the marketplace.
Procurement not only enables to cut cost but also reduces and optimises resources, thereby boosting the efficiency of the pharma companies. Moreover, it helps the firms to address challenges such as the demand for generic drugs and personalised medicines, rising research and development cost, and expensive clinical trials while improving the profitability.

 Adopting Good Procurement Practices
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Sustainability:

SUSTAINABLE FINANCE Integrating sustainability in all economic sectors

It is estimated that in order to achieve carbon neutrality and fulfil the commitments made under the Paris Agreement, the EU will require investments of about €175-290 billion per annum in the energy, transport, construction, water and infrastructure sectors.

To address this challenge, public and private funds will have to be redirected into sustainable investments. To this end, the European Commission has submitted an ambitious and unique Action Plan on Financing Sustainable Growth.

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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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