Blog

From insights come answers.

A series of articles on increasing enterprise value
from the Insider Pro consultancy team.

How do you calculate Enterprise Value?

Posted by Jeremy Bowley

"Enterprise Value" is a term that is used to value a business beyond it's market capitalisation.  The usual definition is market capitalisation (share price multiplied by the number of outstanding shares) plus net debt.

But we think that enterprise value can and should be looked at in an entirely different way....

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Topics: Procurement Consultancy, How to grow a business

5 ways to accelerate business growth

Posted by Jeremy Bowley

Companies that have surpassed the £20m turnover mark have already worked hard to structure their business in a way that maximises business growth and the value of their enterprise;

They’ve been focused on driving sales

They've negotiated costs to the best of their ability

They’ve reviewed and optimised their operational processes.

In short, they’ve already examined each area of the business.

Yet many CEO’s and investors that I speak to know that they could do even better. They’re just not sure how.

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Topics: Procurement Consultancy, How to grow a business

A 14 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

11 ways to drive 20 percent 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: Procurement Consultancy, Innovation, Case Studies

8 essentials for best practice procurement

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

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 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, 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:

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Topics: Procurement People, Best Practice, 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.

After round upon round of cost reduction projects, the traditional approaches are running out of steam.

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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: Disruptive Procurement, Procurement Consultancy, Innovation

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 People, Procurement Consultancy