If 2020 has taught us one thing, it's the importance of team spirit. And Insider Pro demonstrated this clearly at our Christmas jumper charity event last week. Since March, everyone has been forced into a position of uncertainty and isolation and being part of a team has become even more important. It was critical to decide quickly on the best ways to hold the team together, communicate, connect and maintain important relationships.
Why best practice procurement could be costing you £m’s (and what to do about it)
Topics: Disruptive Procurement, Best Practice, Procurement Consultancy
"Best practice" is a phrase that can be over-used, but nonetheless sought-after by all concerned. This list combines suggestions from the top industry gurus - including our modest selves!
Topics: Best Practice, Procurement Consultancy
Procurement teams are generally assessed on their ability to meet budgets. But if they hit their target every time, does that mean they are really good at their job, or that the spend target is too easy to achieve?
Should you be asking your procurement team to cut costs even more, or should their success be more closely aligned with company goals and driving shareholder value?
Clearly, when margins have been cut back several times there comes a point where simple cost cutting cannot be achieved. As a consequence, the more astute procurement teams focus instead on ways to impact total cost of ownership, overall profitability, business competitiveness, risk reduction and other elements that drive enterprise value.
To test whether your team has made that leap and moved away from the traditional procurement role into the more dynamic, mission-critical role that your business needs, try this simple checklist:
Topics: Procurement People, Best Practice, Procurement Consultancy
As procurement consultants, we are always looking for great examples of disruptive procurement in action.
The $3.7bn Tesco Booker takeover was a great example of disruption in the food distribution marketplace.
Topics: Disruptive Procurement, Best Practice
Construction: Supplier performance management - the 7 questions you should be asking
We worked with a national builder and cut £millions off their cost base, moving their business from being uncompetitive to one of the most profitable in the industry.
Topics: Best Practice, Supply Chain Management, Case Studies
Procurement has traditionally been seen as a back office department. But there is an increasing desire for procurement professionals to make a big impact within a business.
While in-roads have been made, there is still a lot of work to do to make procurement a driver of strategic change.
In this webinar it was discussed how 'Disruptive Procurement' can be used by procurement professionals to deliver that change.
Topics: Disruptive Procurement, Best Practice
Procurement has, for a long time, acknowledged the need to look at reducing the total cost of ownership. We found this reference from 1995, but I am sure this is a topic that has been raging for decades.
Topics: Best Practice, Procurement Consultancy