Blog

From insights come answers.

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

Disruptive procurement in action: manufacturing company

Posted by Jeremy Bowley

If your procurement team took steps to reduce the total cost of ownership for a piece of equipment, they’d probably deserve a pat on the back (at least!).

But what if they took a further step and looked at the function of that piece of equipment and determined a better way?

Read More

Topics: Procurement People, Disruptive Procurement, Case Studies

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:

Read More

Topics: Procurement People, Best Practice, Procurement Consultancy

How to run a first class procurement consultancy practice

Posted by Phil Denson

Most consulting firms work like this:

Read More

Topics: Procurement Consultancy, Procurement People

Top 5 considerations when hiring your next Procurement Consultant

Posted by Jeremy Bowley

Everyone knows that for a business or function to be successful they need to hire great people. Unfortunately, the vast majority of managers and executives will also know the pain and angst created from a bad hire. From having someone in the business who didn’t fit the culture, couldn’t deliver and/or negatively impacted on those around them.

Read More

Topics: Disruptive Procurement, Procurement People

The 7 habits of highly successful procurement teams

Posted by Jeremy Bowley

Over the years, I have observed many different procurement teams across a range of industries.  Whilst most do a good job, only a handful do a GREAT job.  The team at Insider have spent some time researching this and would like to share with you our take on what those top performing procurement teams have in common.

Read More

Topics: Disruptive Procurement, Procurement People

Disruptive procurement: 6 questions to help determine cultural fit with your suppliers

Posted by Jeremy Bowley

 

Cultural fit is something that is talked about and widely understood in the context of human resources.  According to the Society for Human Resource Management (SHRM) the impact of a poor cultural fit on turnover can cost an organisation between 50-60% of the person’s annual salary.

Read More

Topics: Disruptive Procurement, Procurement People