Procurement processes and tools are core to a procurement managers strategy

Procurement processes and tools – core to the CPO

Procurement processes and tools, or maybe more correct PMT (Processes, Methods and Tools), are important parts of the procurement manager’s agenda. As a procurement department you certainly need tools to support your...

a buyer in Stockholm being identified having conflict of interest and about to be collected by guards

Conflict of Interest Explained

In the day to day activities of procurement and supply chain management, maintaining ethical standards and integrity is paramount. A concept that often emerges at the forefront of these discussions is the...

Should you pay suppliers on time?

For most buyers the obvious answer is YES, you should pay suppliers on time. Contracts and General T&Cs (Terms and Conditions) define payment terms and the number one argument is; if the...

a purchasing manager recruiting a Category manager

Category manager – how to recruit – Case

When recruiting a new member to the procurement team, like a Category Manager, what skills and experiences are you looking for? The list of requirements and experiences can be quite long when...

Learn from Stephane Morel Transforming a Procurement function

Succeed in transforming a Procurement function in 5 key steps.

Transforming a Procurement function by fixing the organizational chart first…… never works! /// Stéphane Morel Too often, Procurement transformations follow a ready-to-fail pattern: Some parts of the organization can start their own...

A procurement management team working on risk management practices in procurement

Risk management practices in procurement with ISO 31000

Managing risks has become an imperative for organizations aiming to maintain competitiveness and achieve sustainability. The adoption of ISO 31000, the international standard for risk management, offers a structured and effective approach...

Chief Procurement Officer presenting the cornerstones of a the CPO agenda

The agenda of a Chief Procurement Officer (CPO)

As the head of a company’s procurement department, the Chief Procurement Officer (CPO) is responsible for ensuring that the organization’s procurement function is efficient, cost-effective, and aligned with the company’s overall goals...

A buyer lacking Business Contingency Planning in Procurement decision

Business Contingency Planning (BCP) in Procurement

To a procurement function, the unexpected is the only constant. Natural disasters, political unrest, pandemics, and economic fluctuations are just a few examples of crises that can disrupt the operations of a...

Procurement e-auction tool providers illustrated by an ongoing old school auction

Procurement e-auction tool providers listed

Procurement e-auction tool providers and their solutions have revolutionized the way businesses approach sourcing activities, when using sourcing tactics on the left side of the Kraljic’s matrix. These tools provide an easy...

Spend Under Management and Addressable Spend

Terminology is crucial when analyzing and optimizing your company's spending. Two often misunderstood terms are Spend Under Management and Addressable Spend.

Category: Procurement management