Blog

From insights come answers.

A series of articles on the world of procurement from the Insider Procurement consultancy team.

Procurement team assessment - 7 questions

Posted by Jeremy Bowley

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 and other elements that drive shareholder 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:

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Topics: Procurement People, Best Practice, Procurement Consultancy

8 essentials for best practice procurement consultancy

Posted by Jeremy Bowley

"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!

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Topics: Best Practice, Procurement Consultancy

11 ways to drive 20% more profit through procurement

Posted by Phil Denson

When I tell people that my passion is procurement, most people move on to ask the person next to me what they do for a living. A few others ask questions about the biggest tender I have ever dealt with, or how I feel about supermarkets bullying tactics with food growers and the like.

The uninitiated think that as procurement professionals we spend our time creating tender documents and beating up suppliers on price.

In fact, nothing could be further from the truth.

Our approach is VERY different.

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Topics: Case Studies, Innovation, Procurement Consultancy

An FD's Guide to Disruptive Procurement

Posted by Jeremy Bowley

Today's procurement teams are being challenged to reduce costs, but in many cases are finding that suppliers have no further room for negotiation.

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Topics: Disruptive Procurement, Procurement Consultancy

Why procurement should be involved in business innovation

Posted by Jeremy Bowley

Procurement consultants aren't usually challenged with driving business innovation.

More likely, they are charged with reducing the bottom line financial figures.

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Topics: Innovation, Procurement Consultancy, Disruptive Procurement

A 12 point checklist for choosing the best procurement consultant

Posted by Phil Denson

The best procurement consultancy firm for your business will be able to drive value in the shortest time period.  How do you test their ability?

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Topics: Procurement Consultancy

How to run a first class procurement consultancy practice

Posted by Phil Denson

Most consulting firms work like this:

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Topics: Procurement Consultancy, Procurement People

Preparing for Brexit - 7 things procurement teams should do now

Posted by Phil Denson

Recent surveys show that many UK businesses are already preparing themselves for BREXIT by redesigning their supply chains in favour of UK companies.

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Topics: Procurement Consultancy, Supply Chain Management

Procurement consultancy - how to model total cost of ownership

Posted by Jeremy Bowley

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.

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Topics: Best Practice, Procurement Consultancy

Top 7 Procurement Predictions for 2018 

Posted by Jeremy Bowley

As we enter a new year, its a great time to reflect on past progress and try to predict what the future might hold.

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Topics: Innovation, Procurement Consultancy, Disruptive Procurement